Today, @DraftKings unveiled Moonshot, a new live betting feature available on DraftKings Sportsbook for MLB games.
Moonshot allows customers to place a single, dynamic wager that builds in value as the action unfolds toward a target payout. Predefined values are assigned to every outcome, with the biggest moments accelerating progress toward a target payout.
More: https://t.co/TQF7O7Td9Q
A NYC bar is doing a promo for Game 1 of Knicks-Spurs:
If NY wins, the bar picks up your tab (up to $100 per guest). If the Knicks lose, you pay your own tab. The bar putting $5k on the Knicks to win on Kalshi.
The idea is a proof of concept for hedging on prediction markets.
New: UFC President Dana White has sent a letter to President Donald Trump asking him to help reverse the 90 percent limit on gambling loss deductions for US taxpayers that became law last year.
The issue has been a concern for both bettors and the gambling industry itself.