Anthony Busacca

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

[Anthony Busacca @abusacca]

@astraffon What constitutes a transaction in IL? If server is in a diff state then did anything happen in IL? I would think could argue it happened where the matching engine matched you against another user and your trade filled.

[Anthony Busacca @abusacca]

@Captain2Corner Freddy Sez! IYKYK

[Anthony Busacca @abusacca]

@Connor_J_Hughes @SNYtv Let’s not forget the “attempted Koo” he had with the Giants last year. Perhaps the worst kicking performance by a professional of all time.

[Anthony Busacca @abusacca]

@arliyyo 30

[Anthony Busacca @abusacca]

@Simi_2210_ 8

[Anthony Busacca @abusacca]

@_Aria_2210 36

[Anthony Busacca @abusacca]

@hicasamadim 254

[Anthony Busacca @abusacca]

@barstoolsports @BarstoolBigCat @PardonMyTake @VivaLaStool @BarstoolNYC @PFTCommenter @hen_ease Should have asked him THE question everyone wants the answer to… why didn’t he play Malcolm Butler in the Super Bowl vs the Eagles?

[Anthony Busacca @abusacca]

@ShooterMcGavin If this is real, this might be THE best shot in the history of golf.

[Anthony Busacca @abusacca]

@gambling911

[Captain Jack Andrews @capjack2000]

I view this as good news. Very good news.

To put it in sports terms. This is promotion, not relegation.

[Anthony Busacca @abusacca]

@Beno10_MFC 91,121

[Anthony Busacca @abusacca]

@Jennnyyyyyy 18

[Anthony Busacca @abusacca]

@kirstenagreen @fawzitani @Novig Curious what the “deposits” were…That’s a LOT of sales tax as every dollar put into the platform is a purchase of a sweepstakes coin and is subject to sales tax. Even more interesting is every gross dollar “redeemed” is taxable income to the user.

[Anthony Busacca @abusacca]

@dekker If he played for the Bucks, they would hang Jeremy Lin’s jersey from the rafters then I guess.

[Anthony Busacca @abusacca]

@TalkinBaseball_ @Brewers @CC_Sabathia This is a joke. Would be like the Yankees putting Raul Ibanez in Monument Park because he had a hot month that one September.

[Anthony Busacca @abusacca]

@NamethatYank Don Mattingly

[Anthony Busacca @abusacca]

@davidhaaker1 @MickBransfield Why would it be illegal? State licensed sports books and DFS operators are legitimate businesses and have business risks. They are allowed to manage that risk via hedging. This is exactly what the CFTC markets were designed for.

[Anthony Busacca @abusacca]

@WallStreetApes He said there’s never a team member on the line that’s going to say no to you. He don’t say it was free. It’s all part of the upsell strategy they are likely training them to do.

[Ryan VanGrack @RVanGrack]

The Arizona District Court's decision granting @CFTC /DOJ a preliminary injunction is a must read for those following PM litigation. The Court thoughtfully analyzed the key issues raised across these lawsuits and systematically decided them in favor of the fed govt (and PMs). Some notable takeaways:

1) Events = outcomes: "Events" and "occurrences" encompass contest outcomes. “The statutory definition of swap therefore reaches how an event unfolds, not just whether it happens.”
2) Congress chose a broad definition of financial consequences: "associated" requires only a connection (not direct causation), "potential" means not actual, and three disjunctive consequence categories (financial, commercial, economic) sweep widely.
3) The swap underlier need not be inherently financial: "Temperature and precipitation have no intrinsic financial value. Yet the CFTC and the Securities Exchange Commission have consistently treated weather derivatives as swaps….That is because weather events produce commercial consequences for a wide range of market participants.…Event contracts based on sports and election outcomes work the same way.”
4) Exclusive means exclusive: "​​The 'plain meaning' of Congress’s entrustment of 'exclusive' jurisdiction 'necessarily denies jurisdiction' to any entity besides the CFTC."
5) The Special Rule confirms the CFTC's jurisdiction: "By directing the CFTC to review event contracts and prohibit those contrary to the public interest, Congress placed event contracts under the CFTC’s exclusive authority.”
6) State enforcement frustrates Congress's goal of national markets: "The State’s enforcement of its gambling laws would also frustrate Congress’s objectives in creating a unified regulatory regime that oversees DCMs and ensuring that DCMs operate as national markets."