Chris Grove

Obviously partnerships like this don’t carry direct legal weight per se’, but they do contribute to a sense of legitimacy and cultural permanence, which does end up having an impact on the legal process.

Virginia iGaming hopes are officially dead for 2026. Virginia House of Delegates and Senate members could not reach an iGaming compromise in a conference committee before sine die adjournment on Saturday, March 14. sportsbettingdime.com/news/betting/v…

Massachusetts legislators essentially closed the door on legalizing online casino gaming for this year after the Joint Committee on Economic Development and Emerging Technologies unanimously voted yesterday to send the bill to study.

Probably not a great idea.

Cheers to the @whop team for getting us live with crypto deposits just in time for selection Sunday 🏀 🫡 @abearsomewhere @czoob3

Excited to announce our partnership with @PalantirTech and TWG AI to build the next generation sports integrity platform. Some color on why this is significant: Today, in the state-by-state regulatory framework, leagues have limited visibility into what's happening in their markets, fragmented tooling, and have to choreograph their compliance desires across dozens of state regulators with no unified standard. Additionally, the technology being used is rudimentary compared to what's actually possible. The shift to a federal regulatory framework is the chance to innovate around the entrenched, fragmented, and antiquated infrastructure and build this the way it should have been built. Palantir's anomaly detection and data integration is second to none. TWG AI brings deep financial infrastructure and sports expertise, and is owned by TWG, which has ownership stakes in the Lakers, Dodgers, Chelsea, and more. These are the right partners to build something that actually holds up and gets adoption - utilizing our collective domain expertise to build a solution specifically suited for the risk profile of sports markets. If we do this right, our hope is its use will extend beyond sports prediction markets and be valuable to all stakeholders in the sports ecosystem. For the love of the game.

Release: @Underdog announced it has acquired CFTC-registered DCM and DCO Aristotle Exchange. The acquisition enables Underdog to offer its own federally-compliant prediction market exchange.

Two U.S. Representatives have introduced a bill to prohibit event contracts based on sports, terrorism, assassination, war, or illegal activity. The bill includes a clause to allow states to opt out of the sports event contract ban if they so choose. sportsbettingdime.com/news/betting/u…

While I understand that this is far from the only argument being made by the MAG, it is nonetheless an aggressive position that draws a new and expansive boundary line for the definition of gambling.

Also, money.

@JonAguiar @jesswelman What Jon said. It’s also a difference between a state by state framework that is arguably overreaching in at least some states and … not that.

I think it's more about the shift from fantasy which is mostly CC based vs sbk which has much lower fraud rates via ach. PMs are 100% ACH/wire afaik Presumably also using ai agents to handle a lot of the chargeback process. Fraud workflow is low hanging fruit for ai. Can automate everything up through final submission to the processor.

What does it say about PMs that a pivot in that direction means you need LESS fraud protection? Love the UD guys, layoffs happen, but this is certainly optically interesting given the criticism around PMs.

So much FAFO.

This seems both possible and plausible.

Add New Jersey to the growing list of states seeking to rein in prediction markets. Introduced by Senate President Pro Tempore Shirley K. Turner on Tuesday, Senate Bill 3692 does provide an interesting wrinkle: While it seeks to ban contracts on political elections, deaths, or catastrophic events, it is not seeking to ban sports event contracts. Instead, it is demanding the prediction markets either get licensed as a sportsbook or partner up with an existing sportsbook operator.

On today’s episode of That Math Doesn’t Math … This is the kind of stuff that makes reasonable people think that regulated gambling may be sleepwalking into a doom loop.

@nigeleccles Yes the coverup began before it even started

@krugermacro Only doubles the suspicion

The amount of fake news and false narratives spread around in crypto is truly remarkable. Jane Street had no posts to delete. Can corroborate that on the Wayback Machine.

Kalshi levied a lawsuit in U.S. District Court against Utah Gov. Spencer Cox (R) and Attorney General Derek Brown. The company believes recent comments from the state leaders show they will likely take action against Kalshi's prediction market offerings. sportsbettingdime.com/news/betting/k…

Rep. Dina Titus (D-NV) introduced the Fair Markets and Sports Integrity Act two weeks ago with a pointed announcement, and this week, the language of the bill was revealed. The bill is short. It is not, however, subtle.

@roundrobin42 Whooooo boy I’m old

@OPReport real ones remember

Had to triple-check the year on this post. Everything is gambling.