InGame

Covering the U.S. sports betting industry with news, features & analysis on business, legislation, consumer protection + more. Also see @casino_reports

[InGame @InGameHQ]

🚨Something new over at InGame dot com: we've introduced a Live Blog for prediction market news.

⚡️Updates there will be similar to our traditional coverage, but the intention is to include a variety of brief, short-form updates.

In other words, the priority here is speed, with as much context available.

[InGame @InGameHQ]

Per the latest update from Alberta Gaming, Liquor, and Cannabis (ALGC), bet365 is now registered with the province as an online sports betting platform. So far 35 iGaming platforms, including nine online sportsbooks, have registered ahead of Alberta’s July 13 launch date.

Read more here: https://t.co/WuWwVl7MF6

[InGame @InGameHQ]

Read more here: https://t.co/vE2yhp3JdE

[InGame @InGameHQ]

The problem with George Santos' insider trading is not that he had an edge, @jeffedelstein writes.

The problem is that Kalshi listed a market where the person with the best possible edge was also the subject of the market, the sole source of public information about the market, and the only person whose decision would ultimately resolve the market.

...And let’s not forget this is a market about a person who is a known liar.

[InGame @InGameHQ]

Kalshi built a market about a fabulist and everyone is surprised the fabulist may have putzed around in the market. That’s not proof prediction markets are evil, but it is proof that prediction markets, when they wander into human props, need the same integrity rules as sports betting, Jeff writes.

[InGame @InGameHQ]

Read more here: https://t.co/X6yJU67Gr0

[InGame @InGameHQ]

A sports technology startup called SpeedLabs is emerging from stealth mode with $6.5 million in seed funding and a product its founders believe exposes a structural gap in how sports betting has traditionally worked, with a twist on live betting.

[InGame @InGameHQ]

Read more here: https://t.co/wDOJOzoNLR

[InGame @InGameHQ]

Robinhood has started offering contracts from its own prediction market exchange, Rothera, to its customers.

They traded more than $2 million worth of contracts over the weekend, as the stock trading app aims to reduce its reliance on Kalshi for its prediction market offering.

[InGame @InGameHQ]

Read more in our live blog: https://t.co/OXbcbz1wy3

[InGame @InGameHQ]

Kalshi has filed to offer contracts related to fantasy football for the first time, having self-certified contracts on players’ average draft position.

The contracts use Sleeper’s single-QB point-per-reception redraft leagues as the sole source agency to determine ADP. In February, Sleeper started offering Kalshi’s sports event contracts.

[Jeff Edelstein @jeffedelstein]

ME: Anyone telling you to shut the f*** up?

MATT KALISH: Everyone is telling me to shut the f*** up.

My interview with @mattkalish, who has lit gambling Twitter on fire the last few weeks.
https://t.co/UnsKog46tX

[InGame @InGameHQ]

Read more and listen to the episode here: https://t.co/JiybWuWyU3

[InGame @InGameHQ]

If you’ve been anywhere near gambling Twitter the last few weeks, you’ve seen it: Kalish vs Kalshi.

DraftKings co-founder @mattkalish, freshly retired from the company, lighting up the timeline with one critique after another of Kalshi.

The Business of Betting podcast got Kalish on to find out what set him off — and why he continues to beat the drum.

[Business of Betting Podcast @BettingPod]

👀 A big one is dropping FRIDAY!

@jeffedelstein catches up with @mattkalish on the next episode of the Business of Betting Podcast

[InGame @InGameHQ]

Read more here: https://t.co/nKRC2BFqLG

[InGame @InGameHQ]

At a status hearing last week, New Jersey revealed it was hoping to get its lawsuit against Kalshi in front of the Supreme Court.

So will SCOTUS hear the case?

Eventually yes, but probably not right now.

[InGame @InGameHQ]

Read more here: https://t.co/tFyMWqUtAr

[InGame @InGameHQ]

A study of 482 college students who are online sports bettors across the U.S. reports that many among the most engaged of them started wagering before their freshman year, with nearly 50% now betting at least two days per week.

[InGame @InGameHQ]

The findings were presented Wednesday afternoon by Brandon Mastromartino, the director of the Institute on Sports Wagering and Gaming at San Diego State University, with a takeaway that operators and regulators must be more proactive in meeting young bettors where they are in order to effectively address problem and responsible gambling issues.

[InGame @InGameHQ]

Read more here: https://t.co/kIyOQ6SIzO

[InGame @InGameHQ]

When the story first broke last December, the question was whether a Polymarket user who’d just cleared more than $1 million betting on Google’s Year in Search results was a Google insider. And if so, could anyone do anything about it?

The federal government has brought a case that could answer both questions.

[InGame @InGameHQ]

Alleged insider bettor Michele Spagnuolo is not some schlub who stumbled into a search trends database. According to his LinkedIn, he created BitIodine, which he describes as “the first open-source Bitcoin blockchain analysis framework,” cited in roughly 500 academic publications.

In other words: The man charged with using cryptocurrency to launder insider-trading proceeds is the author of an early open-source Bitcoin blockchain analysis tool, which is basically what investigators used to catch him.