Gaming America

The authority on gambling industry developments across the fifty states.

[Gaming America @_GamingAmerica_]

https://t.co/BuKsbe1E9D

[Gaming America @_GamingAmerica_]

Florida's crackdown on illegal gambling continues to intensify. A raid this week resulted in the seizure of nearly 500 slots-like devices, including 80 from a single venue.

A bill to strengthen anti-gambling laws failed to pass this year, but enforcement actions continue.

[Gaming America @_GamingAmerica_]

https://t.co/8VzCBVeDnq

[Gaming America @_GamingAmerica_]

Kalshi's volume on the World Cup winner was $123 million as of midnight yesterday, $165 million now. But that's a misleading metric. In markets like this, the amount of money actually at risk is much smaller, as most of that volume belongs to the No side and only one team can win

[Gaming America @_GamingAmerica_]

https://t.co/XZZtRbXlp3

[Gaming America @_GamingAmerica_]

Anything that would hurt Nevada's gaming industry is usually a political nonstarter, but longshot gubernatorial candidate Alexis Hill says it's time casinos paid a tax rate similar to other states', in order to focus on help for small business and affordability for everyone else.

[Gaming America @_GamingAmerica_]

https://t.co/cLsRtzZerk

[Gaming America @_GamingAmerica_]

When American prediction bettors on Kalshi take note of a foreign election, you know it's an interesting one. Leftist Peruvian presidential candidate Roberto Sánchez holds the tiniest of leads, but sharps believe expat mail-in votes will swing it for his opponent, Keiko Fujimori.

[Gaming America @_GamingAmerica_]

https://t.co/M6PDvrSi1J

[Gaming America @_GamingAmerica_]

Predictions volume on the LA mayoral race is dropping along with Spencer Pratt's odds of advancing. Conveniently, another race just got tight enough to tickle bettors' fancy: the Maine federal Senate seat, where a new scandal for Graham Platner has created a coin flip situation.

[Gaming America @_GamingAmerica_]

https://t.co/LS89gdde32

[Gaming America @_GamingAmerica_]

Polymarket says it's taking VPN use seriously. Of course, this new stance on compliance comes only after it is in a dominant position and has a regulated U.S. site to direct users to.

Veteran poker reporter Mo Nuwwarah (@monuwwarah) says he's seen this song and dance before.

[Gaming America @_GamingAmerica_]

https://t.co/MW72TuFsyt

[Gaming America @_GamingAmerica_]

It seems like common sense that higher volume would reduce noise and improve accuracy for prediction markets. But two University of Iowa researchers claim to have shown that's not the case and, moreover, that the big markets are actually worse at forecasting due to user behavior.

[Gaming America @_GamingAmerica_]

https://t.co/Hp1JMKnoXg

[Gaming America @_GamingAmerica_]

Kalshi has introduced "KPOW," a political power metric based on its markets that it thinks has the potential to be to political analysis what the S&P 500 is to the stock market.

Is that a realistic goal for the approach they're taking? Here's what we think.

[Gaming America @_GamingAmerica_]

https://t.co/z9fuuOtEMO

[Gaming America @_GamingAmerica_]

BetRivers owner Rush Street Interactive has filed for a prediction market license, seemingly contradicting earlier claims of being uninterested in the space. However, the application may just be a low-commitment way to keep options open, and investors' reaction seems indifferent.

[Gaming America @_GamingAmerica_]

MGM walked away from a license for a full NYC casino, stating the math no longer worked. After the first revenue reports have surfaced, MGM may be rethinking the decision. https://t.co/HJ1HYTqvCh

[Gaming America @_GamingAmerica_]

https://t.co/9rnboOzypi

[Gaming America @_GamingAmerica_]

Hollywood Casino Aurora is close to completing its makeover and reinvention as a land-based casino instead of a floating "riverboat." Although it hopes to see revenue increase along with the improvements, the Greater Chicago gambling market is looking increasingly saturated.