Anthony Busacca

Boose. Current CFO of Sporttrade. Former Global Financial Controller of JPMC. Bad avid golfer. #alwaysbegolfing #ABG

[Anthony Busacca @abusacca]

@SleeperYankees Not sure I would re-sign him on a one year deal. C-Ya

[Anthony Busacca @abusacca]

@SurvivorSweat T53. Not bad.

[Anthony Busacca @abusacca]

@LastMenPod Still in!

[Ariel Givner @GivnerAriel]

So 39 states and DC marched into the Supreme Court today, asking the Justices to bless their power to treat prediction markets as illegal gambling.

I can’t really explain just how wrong I think this is.

These are federal financial contracts, traded on a federally licensed exchange, and they belong under one regulator: the CFTC.

Their entire case leans on one idea: gambling is state turf, hands off. But that skips the only question that matters, which is what these contracts actually are... and what they are is financial instruments.

Contracts on inflation, interest rates, Fed moves, energy prices. Even the Ninth Circuit, one of the rulings these states lean on, agreed those sit squarely with the CFTC. Federal.

And here’s where I plant the flag: sports contracts belong there too. A contract on who wins the World Cup or the Super Bowl is fully collateralized, it trades on a federally licensed exchange, it clears under federal rules, the same plumbing as every other contract on the platform.

Calling it a “bet” because there’s a game involved doesn’t move it out of federal hands. The venue and the instrument decide who regulates. Not whether a state wants to call it gambling. The Third Circuit got that right.

Then the part that gets me. Flip through their own brief and they admit it, over and over: it’s chaos out there. Courts split three ways. A “turf war.”

“Hopelessly confused.” Twenty-plus rulings pointing every direction. It IS a mess... but think about what that proves. One financial product, on one federal exchange, and fifty states each want their own rule for it? That’s not a reason to keep fifty referees on the field. That’s the best argument I’ve seen for one. Congress already picked it. The CFTC.

These are federally regulated contracts, on a federally licensed exchange, overseen by the agency Congress built for exactly this. Saying “gambling” a hundred times doesn’t change what they are.

One regulator. One rulebook.

[Bob Klapisch @BobKlap]

Text from scout watching #Yankees defense tonight.

"Clown show."

[Nick Stellini @StelliniTweets]

When a team folds over and over again because they can’t execute fundamentals in crucial spots, it’s a mentality problem. It’s a coaching problem.

And the Yankees have never addressed it. It makes you wonder if the top decision-makers care enough to address it.

[Thomas Carrieri @Thomas_Carrieri]

Playoff baseball is so much fun when you don’t care who wins.

When your team is playing, it’s basically 3 straight hours of feeling like you’re about to have a heart attack.

[Anthony Busacca @abusacca]

@spshoot Embiid might have pulled a hammy walking off the photo shoot

[GOLF.com @GOLF_com]

18th hole. Match on the line.

Koivun hit the Tiger club twirl. 🔥

[Anthony Busacca @abusacca]

@RySoxRanger @YankeeReport_ If astros choke and miss the playoffs, Junior might win and Cam second.

[Anthony Busacca @abusacca]

@RySoxRanger @YankeeReport_ Yeah I think that’s the most likely outcome as well.

[Anthony Busacca @abusacca]

I think there is an outside chance. I typically don’t like a pitcher for that award but there is precedent and when it happens it’s usually in a year without a true standout offensive performance. Which you could argue is the case this year. I doubt it happens but would be something.

[Anthony Busacca @abusacca]

@ffShaneB There is clear collusion there or fraud (like someone hikacked the one guys phone and processed trade). Have to veto

[Cousin Sal @TheCousinSal]

The Pats were in unfamiliar territory there for a few minutes playing against a starting QB. Glad to see everything’s status quo.

[Anthony Busacca @abusacca]

It’s the NFL. They couldn’t spring for Eddie Vedder to sing with his guitarist? Also why the heck was there a sign language guy signing to an instrumental only performance?

[Anthony Busacca @abusacca]

Two of them: 1)Jeter’s last game in Yankee Stadium. 2)Cal Ripken’s last game of the streak. Everyone realized he wasn’t in the field and figured he was DHing. Then the bottom of the inning came and they showed the lineup on the centerfield scoreboard and people started realizing he wasn’t in the lineup. Was wild.

[Anthony Busacca @abusacca]

@HawkEmDownChris Tiger woods

[Anthony Busacca @abusacca]

I would imagine Rahm is not getting stiffed. I’m sure he had the best and most expensive lawyers possible and he wouldn’t have signed a deal unless the money was guaranteed in some way. He knew the risk it could go under and he wouldn’t have left the tour for a risk. Probably has a guarantee from the Saudi sovereign wealth fund.