If you hear Sporttrade founder and CEO Alex Kane evangelize about exchange-style wagering – as he is very happy to do – you may assume that he’s also predicting the downfall of the likes of FanDuel and DraftKings. These are companies that have been the face of the world of

Well, the day that many of you in my mentions have been asking about looks like it's finally here: the Court of Appeal for Ontario says it will release its opinion today on shared iGaming liquidity (aka the DFS/poker reference). Will be all over that when it drops. cc: @ThePME

A new docuseries about poker players who risk more in one hand than most people make in a year. Watch Episode 1 of the NO LIMIT Docuseries NOW!

Prominent U.S. sportsbooks are establishing a nationwide $200 betting limit on baseball wagers centered on individual pitches and prohibiting such bets from being included in parlays in an attempt to decrease the incentive for manipulation, @MLB announced Monday.

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"If you can move forward with prediction markets and sports gambling, what would stop you from offering prediction markets and contracts on the next spin of a slot machine, the next hand of blackjack, the next spin of the ball for a roulette table? This is existential." Some

Regulators in Arizona, Illinois, and Ohio (along with Nevada and arguably Michigan) all indicated in public statements that offering prediction markets in *other* states could create a problem for licensees. The rubber is getting a lot closer to the road on this one.

I still have a hard time drawing a clear causal line between the spread of prediction markets and the acceleration of online casino legislation. I understand the argument (especially if PMs end up morphing into slot-like games), but, to me, online casino remains a distinct

9/9 ESPN Predict may be a better fit for the company, audience, and brand than ESPN Bet. Entering prediction markets would bring its own set of challenges, but recent announcements like the @Polymarket and @Google tie-up could help to ease corporate concerns.

8/ Which leads us to prediction markets. If I'm someone like DK, I'm viewing ESPN as an extremely enticing option for PMs. National, mainstream, great distribution, and an incredibly organic editorial fit for the charts.

7/ That's not a DK thing - it's an OSB thing. I have a very difficult time seeing anyone finding a way to pencil a nine-figure annual commit stretching over multiple years if it's only OSB.

6/ So, what's next for ESPN? The @DraftKings deal feels to me more like a placeholder than a permanent solution https://t.co/LSr0GdmbiR I can't see it coming close to closing the revenue gap created by the end of the Penn deal, at least not as currently presented.

5/ Third takeaway: It is incredibly challenging to do D2C and B2B at the same time. It's distinct operational DNA. Powering your own sportsbook is a herculean challenge; powering your own and effectively someone else's at the same time is titanic. The edge cases where it has

4/ Second takeaway: OSB product is not commoditized. There's still a big difference in the U.S. between the best and worst product. And that difference drives consumer adoption and stickiness. Penn got a lot better with product during the course of the deal, but the gap still

@InGameHQ 3/ Let's start with why it didn't work. There's no single answer. But there are a few takeaways that should be deeply instructive for anyone considering these kinds of partnerships for attacking OSB or similar products. First takeaway: Real-money sports gaming is hard. Having

2/ Here's the details on the split from @InGameHQ https://t.co/zEcp6IHhpM Partnership wraps Dec 1. That doesn't mean ESPN will launch the next thing Dec 2, but it does mean the clock is ticking.

1/ Big news today with $PENN announcing the end of the @ESPNBET deal. Why didn't it work? What will $DIS do now? Are prediction markets on the menu for the House of Mouse? A quick 🧵👇

Well then. Rep for the Sports Betting Alliance says they aren’t on board with the Wisconsin online sports betting bill, which would offer mobile wagering via the state’s Native American gaming tribes. SBA members would not be included, rep says to Senate committee.

It’s crazy that Lincoln had Telegram. I would have had him as a WhatsApp or just email kind of guy. Happy Nevada Day!