Asa Craig

Prev: @YaleLawSch @PrincetonSPIA|| Ed Reform, Policy & Philanthropy|| Development & Communications|| @Cornell Univ Trustee

[Asa Craig @AsaCraig]

Not the boss @GregMeeksNYC 😂

cc @ernie_jolly

[Daniel Goldman @danielsgoldman]

12 for 12, LFG

[Asa Craig @AsaCraig]

@HarrisonSanford Welcome to the great state, sir

[Asa Craig @AsaCraig]

#Knicks content 🤝 @Arnold_Ventures’ commitment to decreasing sports betting harms

here for the crossover!

[Arnold Ventures @Arnold_Ventures]

Prediction market operators want you to see a NYC bar hedging a Knicks promo and think "financial tool." But with sports betting exceeding $160 billion last year and almost none of it tied to actual hedging, the framing doesn't hold up.

AV Co-Founder @JohnArnold in @CNBC: https://t.co/DyxDoKXkO0

[Asa Craig @AsaCraig]

@MaxJordan_N @chrismeagher @nick_field90 @hinsonashley @turek4iowa This isn’t first class… 😂

[Asa Craig @AsaCraig]

Love it @WALLACHLEGAL!! Scalia quotes always so insightful.

[Daniel Wallach @WALLACHLEGAL]

@AsaCraig There you go.

[Asa Craig @AsaCraig]

“IS THIS A HEDG….SPORTS BET?!”

<insert meme>

[Yueqi Yang @Yueqi_Yang]

Kalshi's first example of a small business using it as hedging tool is The Jeffrey, an NYC bar that's promising free drinks to all customers if New York Knicks wins NBA Finals Game 1 on Wednesday

[Asa Craig @AsaCraig]

@RaviMGupta Congrats, sir!!! Exciting!

[Asa Craig @AsaCraig]

Good write-up on #sportsbetting, #predictionmarkets and the growing jurisdictional fight.

Only thing @WALLACHLEGAL, I'd thought you get a "Congress doesn't hide elephants in mouseholes," in here!

[Daniel Wallach @WALLACHLEGAL]

Major-Questions Doctrine Could Shift Focus Back To Sports Gambling In Prediction Market Cases

My latest for Forbes.
https://t.co/HUqXPVE9PE

[Asa Craig @AsaCraig]

Tony said… PARIS IN THE AM, SPURS (not that London one…) IN THE PM!!

#stillKnicks #NewYork

[CBS Sports Golazo ⚽️ @CBSSportsGolazo]

"I'm a Thierry Henry fan, so where ever Thierry plays I'm a fan of that team."

4-time NBA champion Tony Parker joins #UCLToday 🏀

We are LIVE from Budapest for the UCL Final on @CBS and @paramountplus 📺

[Asa Craig @AsaCraig]

And with lines down the block at @Pitch25HTX for #champi̇onsleaguefinal, a glorious month of soccer begins!

#Houston is READY!!! #WorldCup2026

@brianching #anyonebutArsenal

[Asa Craig @AsaCraig]

Yikes! So #predictionmarkets not only an end-run around states’ consumer protections regimes… but also a huge drain on states’ tax revenues 😳

[American Gaming Association @AmericanGaming]

🚨BREAKING🚨 States have now lost more than $1 billion in tax revenue due to illegal prediction market sports betting siphoning funds that should be going to education, public safety, infrastructure, and other critical community priorities.

Learn more➡️https://t.co/O4aQwVVILD

[Asa Craig @AsaCraig]

Turn on your TV or open twitter and it may seem like the world is all for betting anywhere and everywhere…

but public opinion showing increased concern for #sportsbetting and #predictionmarkets

[Victor Rocha @VictorRocha1]

“Though opposition stops short of a majority at 47%, the issue is still underwater (-16%). Only 31% support it, while a striking 22% remain undecided. That level of uncertainty signals a debate that's far from settled, even as more states weigh whether to legalize sports betting.” https://t.co/JVeITdgyOw

[Asa Craig @AsaCraig]

“We find [#sportsbetting legalization] increases both flow & stock of divorces: the annual divorce rate & share of divorced men rise by 0.107 and 0.276 % points”

So important for research to help policymakers grapple with #betting and #predictionmarkets craze @Arnold_Ventures

[Owen Davis @odavis_]

legalized sports betting and divorce: probably what you expected

[Asa Craig @AsaCraig]

HOW BOUT THOSE KNICKS!!!!

[Todd Phillips @tphillips]

In which the CFTC says that fully-collateralized event contract transactions don't need to be reported to swap data repositories.

Seems bad.

[Ryan Butler @ButlerBets]

ICYMI: The Minnesota legislature passed a bill that would ban prediction markets, becoming the first state to explicitly outlaw these platforms; bill language prohibits event contracts on sports, politics and pop culture events; if signed/allowed to pass into law, effective date is Aug. 1; PMs and/or the CFTC are set to file challenge in court before then

[Brandon Avedikian @bavedikian]

Legalized sports betting destroys the lives of young men. It will turn out to be one of the most harmful public policy decisions ever.

I saw a video of a young man with a massive following (his name is Alex Eubank) talking about how a casino offered him $80K/month for a brand deal.

He explains that he turned it down because in order for the casino to make money, his audience has to lose money. And whatever they pay him, his audience will lose much more.

He talks about how these casinos target influencers with young, impressionable audiences to take advantage of them, and that no amount of money would convince him to take the deal.

Mad respect to this young man.

The NFL, NBA, and MLB should take notes.

Going all in on promoting sports betting to their fans is a disgrace. It’s a morally bankrupt move to drive profits by taking money from young, impressionable, often struggling, men.

They should be ashamed.

[Asa Craig @AsaCraig]

And the @HoustonRedArmy_ contingent is ready to give him a “warm” #MANCHESTERUNITED welcome 😈

[Houston Chronicle @HoustonChron]

Netherlands captain Virgil van Dijk has never been to Texas. But with World Cup matches in Houston and Arlington, he will get to know the state this June. https://t.co/j5IBlbrg6E

[Asa Craig @AsaCraig]

@JackInsiders Seems to conflict with the ad you’re running on the protein franchise, no?

[Asa Craig @AsaCraig]

Attention #Texas: we might have a problem

Cc @evan7257

[Geoff Zochodne @GeoffZochodne]

Citing EKG's research, DraftKings says nearly 70% of sports prediction markets volume comes from states sans legal online sports betting: