Ryan Butler

iCasino, sports betting and gaming industry corporate, legislative and financial news (plus occasional sports rants) for @covers. NoVa native, @UF Grad

[Ryan Butler @ButlerBets]

Damn, they really did put Balogun on Double Secret Probation

[Ryan Butler @ButlerBets]

@MichaelWBratton

[Ryan Butler @ButlerBets]

I've been to roughly 100 casinos in the past five years. None have been nearly as busy during an afternoon as Catawba Two Kings Casino outside Charlotte is right now.

[Ryan Butler @ButlerBets]

I still don't think we've fully prepared for the consequences tonight of a game with thousands of Scots in attendance involving a team called "Rangers"

[Ryan Butler @ButlerBets]

Believe it or not, there is actually a row of seats behind me

[Geoff Zochodne @GeoffZochodne]

And here's the press release:

Novig Secures CFTC Designation, Bringing the First Prediction Market Built for Sports Fans Nationwide

[Ryan Butler @ButlerBets]

ICYMI: FanDuel has extended Bet Protect+, its optional full-game injury protection feature, to eligible WNBA player prop bets, the company announced Monday; more than half of all eligible FanDuel customers have utilized the feature in other sports, per release

[Ryan Butler @ButlerBets]

Pennsylvania lawmakers have introduced a bill that would require licensed mobile sportsbooks to geofence their platforms out of schools and educational facilities; PA state law prohibits bets by users under age 21

[Mick Bransfield @MickBransfield]

CFTC v. Minnesota oral arguments move to Thur, July 2.
The CFTC, Kalshi, & Polymarket lawsuits will have a single hearing on that date.

[Ryan Butler @ButlerBets]

Welp, at least Hart didn't give up four goals.

[Ryan Butler @ButlerBets]

“I'd imagine this card will outperform almost every numbered card this year by a considerable amount, outside of the McGregor International Fight Week card." - Brandon Yaeger, Lead Combat Sports Trader at Caesars Sportsbook, on UFC Freedom 250

[Ryan Butler @ButlerBets]

Welp...

[Patrick Everson @PatrickE_Vegas]

Hell yeah. Let’s go DRAW!!!

And @ButlerBets is so confident that he just bet Under 2.5 goals at @HardRockBet mobile.

[Ryan Butler @ButlerBets]

I may or may not be making an appearance

[Patrick Everson @PatrickE_Vegas]

Hanging out at @HardRockBet sportsbook inside @HardRockHolly in South Florida.

Good crowd for a Thursday night, with Stanley Cup Final and World Cup.

Let’s go LIVE ON X to check it out! https://t.co/oNgpjmNlXJ

[Fairplaygov @fairplaygov]

Wow, @PlayProphetX is now a CFTC-designated exchange!

The initial filing was posted on December 3 so time to designation was ~7 months from posting.

There is more work to be done before ProphetX can start offering markets as a DCM but this is an exciting day. ProphetX also got DCO designation yesterday.

[Ryan Butler @ButlerBets]

The competition in prediction markets will be so intense and widespread that market conditions will force transaction fees to go down in the coming years, said Sporttrade COO David Huffman during today's SBC Summit

[Ryan Butler @ButlerBets]

There will be $5 to $10 trillion in prediction market trading volume in 2028, said Flip Pidot of the Coalition for Political Forecasting during today's SBC Summit

[Ryan Butler @ButlerBets]

Election trading will be ubiquitous in 2028, said PredictIt CEO John Aristotle Philips during an industry conference today; Major news organizations will embed prediction market odds in their coverage and will adjust their reporting based on shifts in PM trading

[Ryan Butler @ButlerBets]

Insider trading could inflict long-term damage on the prediction market industry, potentially sparking over regulation, said Aristotle/PredictIt CEO John Aristotle Philips during today's SBC Summit

[Geoff Zochodne @GeoffZochodne]

We are trying to keep track of all the prediction market litigation on a state-by-state basis, and, by my count, we're up to 19 states now involved in some kind of lawsuit:

https://t.co/0qB2enhYvh

@Covers

[Ryan Butler @ButlerBets]

Chocktaw Nation's Tom McDonald said there's a "68% chance" sports betting is legalized in Oklahoma next year; speaking during today's SBC Summit, McDonald said the key will be education in the state Senate, which rejected a tribal-backed bill earlier this year