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Marcus DiNitto Profile
Marcus DiNitto

@MarcusDiNitto

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Covering the intersection of #PredictionMarkets and #crypto @DeFiRate + sweeps/social casinos @SweepsyHQ ... Good chance I'm at a show.

Charlotte, North Carolina
Joined February 2008
Don't wanna be here? Send us removal request.
@DeFiRate
DeFi Rate
2 days
Add Massachusetts to the growing list of states with a warning on prediction markets. @MarcusDiNitto “Please accept this letter as notice that you are prohibited from offering sports-related event contracts in Massachusetts, directly or via... https://t.co/vhSkJdKj3F
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defirate.com
Massachusetts suggests regulatory sanctions against sports betting licensees in other states may carry over to the Commonwealth.
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@MarcusDiNitto
Marcus DiNitto
3 days
"I view prediction markets for FanDuel and DraftKings as a call option on the future of the industry. They have to be in these markets. It’s an existential risk if they’re not" -- @SquirrelSigma tells @DeFiRate:
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defirate.com
Sports event contracts will be offered on the FanDuel Predicts app in states where sports betting is not yet legal.
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@MarcusDiNitto
Marcus DiNitto
4 days
“I’m glad to see my friend [Assemblyman] Clyde Vanel introduce this. We could have waited on the sidelines to see what the CFTC would do" -- @SenJoeAddabbo on the recently-filed prediction markets bill in NY.
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defirate.com
Sen. Joe Addabbo has championed pro-gambling legislation in New York and wants the state to be proactive in dealing with prediction markets.
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@MarcusDiNitto
Marcus DiNitto
4 days
"It does need a Senate sponsor. If we feel it’s something that’s A) within our jurisdiction and B) would matter — like it would make some sense to do – I’ll talk to my friend to see if I can carry it in the Senate" -- @SenJoeAddabbo
@DeFiRate
DeFi Rate
5 days
NY Assemblyman Clyde Vanel has filed a bill to restrict sports-based prediction markets, but it needs Sen. Addabbo’s support to move. Addabbo told us he’s now reviewing the bill and won’t “wait on the sidelines” while CFTC debates continue.
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@MarcusDiNitto
Marcus DiNitto
9 days
"Through the strength of those relationships and conversation [with regulators], we got comfortable in the approach that we’re taking " -- Jason Robins on DraftKings prediction market plans. Story @DeFiRate:
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defirate.com
DraftKings will launch a prediction markets platform with sports event contracts to reach states without legal online sports betting, despite regulatory risks.
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@MarcusDiNitto
Marcus DiNitto
16 days
“Were we aware of how many people were doing it [pre-legalization]? No. You know why? Because we didn’t have dedicated resources looking at it” -- @joebrennanjr https://t.co/ZfQCBXFtOL
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casinobeats.com
Following the recent NBA gambling scandal, experts debate whether or not the solution to preventing more scandals and corruption is to ban prop bets.
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@MarcusDiNitto
Marcus DiNitto
17 days
‘It’s not an overreaction to say this is the most important thing that should be happening post-PASPA’ – @DustinGouker on education that needs to happen in wake of NBA betting scandal. Story @CasinoBeatsCom:
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casinobeats.com
Following the recent NBA gambling scandal, experts debate whether or not the solution to preventing more scandals and corruption is to ban prop bets.
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@MarcusDiNitto
Marcus DiNitto
19 days
Prediction market insiders seem optimistic about the choice.
@DeFiRate
DeFi Rate
19 days
Trump nominates Mike Selig to lead the CFTC. Selig is a crypto-friendly pick who’s likely to take a favorable view of prediction markets like Kalshi and Polymarket. Big signal for pro-crypto regulation, writes @MarcusDiNitto. https://t.co/e8650auKNy
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@MarcusDiNitto
Marcus DiNitto
23 days
"When you start getting into parlays on prediction on sports, I think sometimes you might be crossing that line" -- @CMEGroup's Terry Duffy on prediction markets. More from Q3 earnings call @DeFiRate
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defirate.com
Terry Duffy reiterated that CME Group is ready to offer sports event contracts with FanDuel as soon as the government okays it.
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@DeFiRate
DeFi Rate
24 days
The NHL just became the first major U.S. sports league to partner with prediction markets, giving Kalshi and Polymarket rights to NHL data and logos. A milestone for market legitimacy, and a shot across the bow for sportsbooks, writes @MarcusDiNitto.
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defirate.com
Kalshi and Polymarket’s simultaneous partnerships with the NHL provide further legitimization for prediction markets.
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@MarcusDiNitto
Marcus DiNitto
25 days
Awarding downstate casino licenses is the next natural step toward legalizing online casinos, @SenJoeAddabbo tells @SweepsyHQ: "Once you do that by December, you have now cleared the way to discuss other gaming issues."
lnkd.in
This link will take you to a page that’s not on LinkedIn
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@MarcusDiNitto
Marcus DiNitto
1 month
. @Kalshi doesn’t have to make binary decision on crypto, @mansourtarek_ tells @JasonYanowitz: "there’s gonna be an unchained flavor to this, and for crypto Twitter & crypto native people, there’ll be an experience that they’re used to"
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defirate.com
Kalshi sees crypto as critical to its growth, but the company doesn't have to make a binary decision about blockchain, Tarek Mansour says.
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@MarcusDiNitto
Marcus DiNitto
1 month
Revolutionary for crypto, validating for prediction markets ...
@DeFiRate
DeFi Rate
1 month
Intercontinental Exchange’s (ICE) potential $2 billion investment in Polymarket marks one of the boldest bets yet on the merging of DeFi, tokenization, and prediction markets. @MarcusDiNitto has it covered and why it matters 👇 https://t.co/1wzkzwx50B
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@MarcusDiNitto
Marcus DiNitto
2 months
Deeply rooted in self-interest, @VictorRocha1 forecasts demise of prediction markets (with some violent imagery sprinkled in, of course). Story @SweepsyHQ >>
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sweepsy.com
A webinar hosted by IGA amounted to a victory lap around California’s sweepstakes casinos ban and an echo chamber on prediction markets.
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@SweepsyHQ
Sweepsy
2 months
@MarcusDiNitto sat down with Eric Wright, CEO of Kletsel Economic Development Authority to discuss AB 831. “Our goal is to make sure that the decision makers understand the benefits of online social games for the tribes who have been historically left behind. We hope the
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sweepsy.com
California tribes that have so far been shut out of gambling revenue are clinging to hopes that AB 831 will be defeated.
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@MarcusDiNitto
Marcus DiNitto
2 months
California tribes that have so far been shut out of gambling are hearing crickets from established gaming tribes as AB 831 nears goal line. Story @SweepsyHQ >>
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sweepsy.com
California tribes that have so far been shut out of gambling revenue are clinging to hopes that AB 831 will be defeated.
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@MarcusDiNitto
Marcus DiNitto
2 months
There’s a flurry of activity around prediction markets as the 2025 NFL season kicks off🏈🥳 >>
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comped.com
Just as the gambling industry anticipated, there’s been a flurry of activity around prediction markets as the 2025 NFL season kicks off.
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@MarcusDiNitto
Marcus DiNitto
3 months
App still says ‘sale in progress’, so apparently I can't even leave review to tell other ppl this buyer should be more responsive. If I sell them on Stubub, I'll be paid right away. What's the advantage by selling on CoT?
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@MarcusDiNitto
Marcus DiNitto
3 months
hey @CashorTrade. Bit frustrated. Have tickets to sell & seriously considering @StubHub @TickPick. Last time I sold my tickets on CoT, had to wait until 4 days after show to be paid because buyer never marked tickets as received.
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