
Texans Against Gambling
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If it looks and talks like gambling, it is gambling. Regulation of sports betting and casino-style prediction markets belongs to the states—not the federal government. Joined @SquawkCNBC to discuss our bill to keep these products out of spaces where they don’t belong.

It is important to delineate between games of skill and games of chance It is universally agreed that trading in public markets - commodities, equities, fx, etc - is a game of skill. Many firms have structural alpha. You can play the game in an EV positive way It is also universally recognized that pulling the lever on a slot machine, craps, blackjack, etc is not a game of skill. It is strictly a game of chance, and it is known to be EV negative Wagering on sports is far more like trading public markets than gambling at the casino. There is immense and heterogenous publicly available data that can be analyzed and used to develop systematic trading strategies Wagering on sports is a game of skill, not a game of chance

Is sports betting—especially microbetting and in-play betting on apps—addictive in ways the law should deem illegal? That's the question in a new lawsuit filed today. It could be a major test of the industry. @Sportico breaks the news + analysis: sportico.com/law/analysis/2….





Exclusive: Kalshi to block athletes and politicians from trading on their markets trib.al/2S37NdZ



