Kevin Gordon

@billsperos @Polymarket @CFTC At this rate, these prediction markets on the CFTC are going to be too big to fail soon. These state legislators and budgets better start taking notice 👀

Major League Baseball stepped up to the plate today with prediction markets It entered into a deal with @Polymarket and joined the @CFTC in a 'Memorandum of Understanding" The NFL, NCAA and NBA are on the clock But don't hold your breath Analysis 🔽 bookies.com/news/mlb-steps…

@_Hornik_ And Hillary is pretty much right next to him. What are the odds of that

20 years later and I still cannot believe he was at this game for this moment

@nypost I just had a flight out of Newark EWR today. At 10:30am the wait line was only 15-20 minutes fyi

Travelers advised to arrive 4 hours early amid massive airport delays from ongoing DHS shutdown trib.al/KYSKV6t

One of the fallacies in politics is the deception that average earning parents pay a lot in income taxes. They don’t. A single mom with one child making $60k a year AT MOST pays $2000 a year in federal income taxes. If she has 2 children, she currently wouldn’t pay $1 in taxes! I’d be in favor of eliminating all federal income taxes for those earning under $100k — since it really doesn’t even move the needle that much! 85% of all federal income tax revenue is collected from those earning over $100k! The bottom 40% of earners in America current account for less than 1% of federal income tax revenue. Let’s stop fooling ourselves on who actually is paying federal income taxes

Matt. I hope we can discuss my bill. Someone making 900k would pay an additional $2,917 because we raise the top tax brackets from 35 and 37 percent to 41 and 43 percent. The median American family would indeed get an 85% tax cut. So a married couple with two kids earning 150 k would get to keep an additional $10,360 of their money. A Single Mom making 60K with one young child would keep an additional $5,693.

@Rishibets Actually this seems kind of legit with the amount of late steam

Investigation time - (this did not affect any of my bets, just something I noticed) Exhibit A. Mathurin points gets steamed up on DK to 20.5 leading up until tip. Not weird, especially with people betting the revenge narrative

@billsperos @SenJohnFKeenan 20% taxes to 51% taxes… of course One by one, each state is raiding this industry. The think running a sportsbook is easy. It’s hard. Very hard. 51% tax rates make it impossible. We don’t trust any state to regulate our gambling markets anymore

Spoke with MA @SenJohnFKeenan about his "Bettor Health Act" last year. Its reporting deadline is Friday. Bill Would: ☑️Raise Taxes On Operators From 20% To 51% ☑️Ban Player Props ☑️Ban In-Play Bets ☑️Ban In-Game Ads ☑️Limit Wager Amounts Without An Affordability Study

@AmericanGaming You left out that Prediction Markets offer the best odds and treat every customer fairly Good luck with dealing with the states that are jacking up taxes on “legal” gambling as we speak

Sports event contracts offered by prediction markets are misleading consumers.

@joebrennanjr @MassGamingComm Wow good catch. I didn’t even connect the two

DK's response to the actions of @MassGamingComm's new policy on "limiting" is an aggressive campaign featuring Boston fans) to redefine the word, and make themselves into the sober good shepherds in the room. We live in shameless times.

@fairplaygov This is great. Thank you for the thread. I can’t wait to look back at this in a year or two and realize how many lies they told the @MassGamingComm about how little they actually limited players in practice. They are about to get called out on their bluff very soon

Massachusetts unanimously approved a regulation that requires sportsbooks to notify bettors within 48 hours of limiting their account. It will come with almost stunning granular guidance backing the reg. Goes into effect on June 1, pending waiver requests from sportsbooks. 🧵

@TNightingaming This is why states are losing their rights to regulate sports betting. This is absurd. The @CFTC and prediction markets are the only threat to change these states from gouging this industry 45% of HANDLE?! Do these lawmakers even know what that means?!

Well, the numbers on Arizona Gov. Katie Hobbs' new sports betting tax proposal didn't add up. The Arizona Dept. of Gaming confirms to SBC Americas that the state budget's proposed new 45% rate would apply to monthly handle, NOT monthly revenue. sbcamericas.com/2026/02/09/ari…

@fairplaygov @SteveRuddock Didn't the AGA initially praise the 90% deduction fiasco when it was first passed? Then there was a ton of outrage. Then they reneged on their support of the new laws in the BBB. Or am I wrong?

AGA president did a new interview this week w/ @SteveRuddock where the 1st q was this tax issue & without addressing it, he pivoted to prediction markets as main topic for next 40 mins. Seems totally off the radar for the AGA now.

When NJ first legalized sports gambling, they issued a fair 8% tax on wagers placed in person and a 13% tax on wagers placed online. Since then, these states have done nothing but pillage and raid this industry The current tax rates on sports bets NY, NH, OR, RI, DE: 51% ‼️ IL: 40% + $0.50 per wager ‼️ PA: 35% LA, DC 30% And NJ has also doubled their tax rate to 20% The following states created monopolies by only allowing a single sportsbook to operate: -Delaware, Oregon, Rhode Island, Montana, Florida, DC States have continued to impose harsh taxes that are making it severely worse for the industry to operate. The states have therefore lost our trust to regulate the industry. They alone are reponsible for driving the operators to focus on predatory products with high house edges, like same game parlays, that are creating a new generation of problem gamblers. Prediction markets are now offering the best odds with very low profit margins on virtually every market because they operate an open market/exchange platform and aren’t currently paying these criminally high taxes by the states. On almost any given wager, your expected loss is roughly 70-80% less by using a prediction markets instead of a licensed sportsbook. I’m 29 years old NJ resident and have wagered over $30 million on sports. I even started a business consulting with others on proper sports betting practices. I know what I’m talking about here. Trust me, I appreciate your efforts the last decade in this industry. But if you actually are looking out for the consumer, you’d start with holding these states accountable for passing these horrible sports gambling laws.

Not telling the truth with a straight face is another trait of federal bureaucrats who just want to grow the size of the federal government & their own power while trying to crush states rights and take advantage of our citizens. Sports betting is not a derivative, it’s gambling.

@trusited @HulkCapital @elonmusk We actually have that right now in the United States. If you are married with 3 dependent children, you don’t pay $1 in federal income taxes if you make below $90k per year. I would say that’s already pretty good yet nobody knows about it

@HulkCapital @elonmusk Or cut taxes completely and those under a certain income bracket can receive subsidies

Very much so

P2 🥱

I do feel bad for the people that are falling for this. It’s clearly a pump and dump scheme for Michael Saylor. His old debt was callable and rationale people started asking real questions about the finances behind $MSTR So, he can’t do convertible debt. His traditional corporate financing doesn’t work because it’s rated as junk bonds. So he created $STRX. It isn’t callable. He’s advertising $STRC to get as many people to buy into it. Then he’ll inevitably suspend the dividend, leaving everyone behind with nothing as its value plummets. I give him credit, since it keeps the scheme afloat another few years

@joebrennanjr Joe, why is it so hard for some in this industry to just admit that we probably shouldn’t be wagering on any known event? Why do we have to insist that we can “trade on everything”

That wasn’t even close to being an adequate analogy for the situation alleged

@fairplaygov @jsmytho I think it’s still important. We can then come back a year later and figure out how many times they sent out these “you’ve been limited” messages And we’ll all discover how they straight up lied about the percentage of their active customers are banned on their platforms

@jsmytho If it’s just a vague 2-line regulation as it stands now, then you are right. We will see if they choose to beef it up.

Who gives a shit if they notify me when in limited? I know pretty quickly without being notified. @theScoreBet got a friend of mine this week after his 6th bet for $100

So let me get this straight: Michael Saylor keeps saying Bitcoin can fall 90% and he can still pay off his MSTR debt. That assumes he sells all of his Bitcoin (which he won’t do) to pay off his creditors. Even if he were to sell his Bitcoin, it would cause a death spiral and be worth even less And MSTR, which had a market cap of $120b+, would be left with nothing. Zero. It also doesn’t include paying back $1 in interest on his new preferred stock dividends. Which is now $800m a year liability and growing. That too would become worthless How are people falling for this?

this is the craziest mental gymnastics i've ever seen lmaooo

@danielgothits Right after he announces he purchased another $2 billion at an average price of $74,000+

Saylor is gonna come out with some insanely complicated scheme to start selling some of MSTR bitcoin under like 50 layers of fake tradfi buzzwords “hypothecating a select portion of our holdings for optimal cyber-convexity” and all the holders are gonna eat it up lol

@commonsenseplay And maybe 2027^

2026 is the year of the bond. $TLT rallying today while the market implodes - huge upside here.