There are too many gambling scandals to keep track of, each destroying integrity in sports. #txlege
So foreseeable. And so sad. https://t.co/XhHSU6eaKn
A car crash nearly killed ESPN’s Matt Miller. Then came the fraud allegations.
How likely is that missing money went to DraftKings or another similar online bookie? #txlege https://t.co/eDRoAC3vt2
Online sportsbook launches in a new jurisdiction and immediately donates $150,000 to a local food bank.
Legal online betting has been linked to to households skipping meals, kids not having enough to eat, etc.
If You Still Think Insider Trading on Prediction Markets Isn’t Real, Trump’s Teleprompter Guy Just Got Busted for Getting Rich on Betting What Trump Would Say - #txlege
https://t.co/WaB4d966B1
NEW: President Trump's longtime teleprompter operator is believed to have made more than $100K betting on Trump's speeches, sources say.
https://t.co/d1QNNrcp6l
Most intangible assets lose value over time, so IRS lets buyers amortize them over 15 yrs. Sports teams are unique in that sales price can be >90% intangibles but the franchise & brand appreciate over time. This makes teams a huge tax shield for very rich that should be reformed.
Headline: Since Kalshi’s Launch, Ordinary Users Have Lost Half a Billion Dollars
Texas legislators: please head Lt. Gov. Patrick's interim charge call to get involved. Protect Texans from this illegal, losing proposition scourge https://t.co/Ot2gh5ZspF
Since Kalshi’s Launch, Ordinary Users Have Lost Half a Billion Dollars https://t.co/Ot2gh5ZspF Prediction Markets are for (in Goldman Sachs parlance) Muppets.
The harms facing Texans in a casino—an ecosystem specifically designed to capture their attention for profit—can be ruinous.
And not just to themselves but on average to five other persons, usually family. #txlege
Nuts! FanDuel sent a personal message from Phillies star Bryce Harper to an gambling addict customer. The customer lost $1.5 million with FanDuel, which gave him VIP treatment - including a personalized video message from the Phillies' All-Star.
https://t.co/Zt7mJBxbCE
Kalshi declared illegal in NY. Kalshi will appeal, sure, but NY is the third state to apply law correctly.
How Kalshi has been able to raise money at stratospheric valuations, when its illegality is before courts around the country, reveals Kalshi investors’ greed and folly.
The bookies can call their "prediction markets" activities "trading." They can call it "investing."
But notice that the 1-800 number in their ads' fine print is to the national compulsive GAMBLING helpline. #txlege
DraftKing's predatory model of exploiting addiction was exposed yet again by their treatment of Dane Miller. The platform showered him with perks—even gifting him NFL tickets after he spent his entire wedding fund—and sent him $1,000 in credits just two weeks before he was hospitalized following a suicide note.
We are calling for the immediate end to VIP programs before more harm is caused.
@JustinRohrlich@Independent
Read Here: https://t.co/QD52ZxvZFZ