The regulation of Prediction Markets by the Commodities Futures Trading Commission is opposed by 44 states' attorney generals.
Why?
The answer may may be found in how much state governments have in common with offshore & street bookies, detailed in our latest whiteboard video.
If the FAA ground stop goes on to Saturday, there are several NFL games that could take place with early Saturday bus travel….
Bills/Jets
Jags/Titans
Panthers/Saints
Vikings/Packers
Rams/Cardinals
Steelers/Bengals
Chiefs would have a 12 hour haul to the Falcons.
Everything else is 18 hours or more. Can’t see that being forced upon teams.
Some historic traditional conference rivalries are in jeopardy tomorrow due to the FAA ground stop.
Baylor/BYU
Arizona St/UCF
Tennessee/A&M
Washington/Mich St
Minny/Penn State
Everyone else on this list (from The Athletic) can make it happen by bus.
When it comes to the FAA ground stop and football I would think most CFB road teams would have arrived at their destination by now with some possible west coast exceptions. But even west coast teams would be in the air. It appears planes in the air are getting to their destinations.
If it doesn’t get fixed some NFL games could be in jeopardy.
🚨 On FAA nationwide ground stop, FAA employee tells me: “Being that it is affecting a lot of the country id say it’s a major issue with AI type implications.” Bryan Bedford and Sean Duffy have been touting all week the new AI system that controllers say makes no impact on their work.
He added “I wouldn’t rule out a cyber attack though.”
Sure. Bookmaker. @Pinnacle@CircaSports.
No info to be gleaned at any of them? Ridiculous.
I would like the prediction markets to be successful. Defensible comments would help the cause.
Also, a 50/50 contract at high-fee Kalshi is the equivalent of laying -107.
Kalshi CEO @mansourtarek_ on sports betting vs. prediction markets:
"It's always about the structure. You don't really go to a sports book to get information about anything. You do on Kalshi, and the reason is because you know it does enable the use cases of prediction, an aggregation of people's opinions, millions of people, in a way that a sports book doesn't."
@B20@dianebrady
@grpwins George, while I’m sorry it didn’t work out but I’m glad you closed your position. I was getting sick of the soy milk and tofu, which we went heavy on in our household in an effort to show our support. Please buy pork bellies next time.
The cluelessness of this quote shows this judge has little understanding of what she is ruling on in this case.
Nearly every prediction market transaction has at least one highly sophisticated, quant-based party, whether a small trading group or institutional money.
Judge McMahon pulls no punches in a remarkable footnote:
“Novig makes its money, not off the sucker who places a losing bet on a sports event, but by charging two suckers a fee for the privilege of betting against each other on its platform.”