Daniel Reiss

NYC | AI | Gambling

[Daniel Reiss @Daniel_Reiss_]

Sportsbooks figured out the perfect business model:

Make losing feel like entertainment and almost winning feel like progress.

The crazy part is nobody has built the billion-dollar business on the other side yet.

[Daniel Reiss @Daniel_Reiss_]

In 2009, the NFL sued to stop Delaware from expanding sports betting, arguing it would “irreparably harm” professional sports.

In 2026, DraftKings, FanDuel and Fanatics are official NFL sportsbook partners.

Crazy how fast something stops being “harmful” once everyone figures out how to profit from it.

[Daniel Reiss @Daniel_Reiss_]

Anthropic CEO Dario Amodei called for AI companies to slow down development.

Today:
• South Korea’s KOSPI fell 3.3%
• The Nasdaq fell 0.8%
• Chip stocks got hit hardest

AI has become so important to the global economy that even the idea of slowing it down can move markets.

[Daniel Reiss @Daniel_Reiss_]

135,700 new sportsbook accounts were registered on the first NFL Sunday of the season.

That’s up more than 310% from two weeks earlier.
GeoComply also logged 99.8 MILLION location checks.

The NFL might be the greatest customer acquisition machine gambling has ever had.

[Daniel Reiss @Daniel_Reiss_]

@AdamRoub1 And there making people follow there picks just for the followers to keep losing money!

[Daniel Reiss @Daniel_Reiss_]

@AdamRoub1 Move in silence.

[Daniel Reiss @Daniel_Reiss_]

@LIAMSofi1 It’s baddd

[Daniel Reiss @Daniel_Reiss_]

We’ve officially reached the point where an “investing” app lets you go from your Roth IRA to Blackjack in two taps 😳

[Daniel Reiss @Daniel_Reiss_]

@LIAMSofi1 No such thing anymore 😔

[Daniel Reiss @Daniel_Reiss_]

Crazy how sports betting somehow convinced an entire generation that watching a game without money on it is boring.

[Daniel Reiss @Daniel_Reiss_]

@JNasrolai Exactly.

[Daniel Reiss @Daniel_Reiss_]

Prediction markets just did $6.29 BILLION in volume over the weekend.

91% came from sports and combo trading.
Kalshi alone did $4.89B.

At what point do we stop pretending prediction markets and sportsbooks are completely different businesses?

[AROUBS @AdamRoub1]

19.3×

People ages 20–49 diagnosed with gambling disorder had 19.3× the suicide mortality rate of the general population.

Gambling addiction isn’t just about losing money.

[AROUBS @AdamRoub1]

A study tracked 9 million sports bettors over one NFL season.

60% of bettors made up just 1% of sportsbook revenue.

Read that again. The majority of users barely matter to them.

The entire industry runs on a minority of guys losing catastrophically. The apps aren’t built for the casual bettor. They’re built to find the guy who can’t stop — and squeeze.

When Florida legalized online betting, addiction helpline calls jumped 138% in two months.

You’re not the customer. You’re the search process.

[Daniel Reiss @Daniel_Reiss_]

@AdamRoub1 Horrible what betting is doing to people

[Daniel Reiss @Daniel_Reiss_]

@AdamRoub1 🔜🔜

[AROUBS @AdamRoub1]

building something from scratch with your boy >

[Daniel Reiss @Daniel_Reiss_]

@AdamRoub1 This is exactly right. The best talent is not always where people are looking.

[AROUBS @AdamRoub1]

startups will pay $200k+ for an “experienced” engineer in SF

and still wait 3 months
still get average

meanwhile the best engineers in the world aren’t even in your pipeline

we see them every day

https://t.co/NzsxcEfFlC

[Daniel Reiss @Daniel_Reiss_]

@thepropdealer @MCbets__ Collab