Posts by cara@bettingjobs.com
The trading flaw
All I do is win, win, win, no matter what: Wednesday night’s NFL opener between the Seahawks and the Patriots delivered a favorable result for the market makers standing behind prediction market brokers and exchanges. Yet one industry insider has warned that the division of those winnings is unsustainable. Brokers are acquiring and retaining customers…
Read MoreWitness for the prosecution
It’s a little too neat: A report commissioned by Evolution itself has corroborated key allegations about the live casino supplier’s exposure to prohibited gambling markets, handing Playtech potentially significant support in the long-running legal battle over the Black Cube investigation. The confidential report by Spectrum Gaming was made public in a New Jersey state court…
Read MoreData startup Oddpool acquired by Kalshi after $3M raise
The news: Oddpool, the prediction market data startup co-founded by Avi Arora and Ritesh Malpani, is joining Kalshi. The pair came out of Y Combinator this past spring and raised a $3M seed, using it to build the data layer that helps institutions, economists, and policymakers treat prediction markets as a real asset class. Zoom…
Read MoreSportsStack raises angel round to unify sports data ecosystem
The news: SportsStack, a unified data layer for sports betting and prediction markets built by ex-FanDuel and Fanatics engineer Amar Rao, has closed a funding round that includes BettingStartups Capital. It’s a stake disclosed publicly for the first time on the BettingStartups podcast, and SportsStack’s Unified API now supports more than 30 data providers across…
Read MoreWhatever you quant
You can’t always get what you quant: Sports has supplied prediction markets with the retail volume, liquidity and public visibility required to turn the sector into a significant business. But it is the institutional interest that might yet be the major play. Since last Friday, the Ninth Circuit has unanimously rejected Kalshi’s attempt to prevent…
Read MoreSupreme importance
If you don’t stop and look around once in a while: New Jersey has asked the US Supreme Court to decide whether prediction market platforms can use federal commodities regulation to offer sports betting nationwide without complying with state gambling laws. The state says the justices must resolve an “irreconcilable” appellate split over whether sports…
Read MoreTriggered
Gun fight at the UK corral: Allwyn has become the latest listed lottery group to acknowledge the growth of UK prize draws, but it is viewing the sector from the other side of a competitive divide. Fellow lottery concerns Jumbo Interactive and ZEAL Network have acquired their way into the prize-draw sector while UK-listed Winvia…
Read MoreThe Placement Report: What Our Data Tells Us
Welcome to the first edition of The Placement Report, where we look at the iGaming recruitment market through the lens of our own placement data. As a recruitment business, we have a unique view of the market. Every day, we speak to businesses about their hiring plans and candidates about their next career move, giving…
Read MoreWho watches the watchmen?
Do you know where you’re going to? Prediction markets are moving faster than public understanding, and arguably regulation, with US sports fans expressing unease over their societal impact and uncertainty over who should police them. That is one of the central findings from the FGS Scouting Report, based on an online poll of 2,030 US…
Read MoreThe house of Bally’s
Unfinished symphony: Bally’s added an unusual warning to its Q2 10-Q SEC filing, concluding that its incomplete financing plans did not alleviate “substantial doubt” about its ability to continue as a going concern. This does not mean Bally’s is about to run out of money. But it does mean the company cannot currently demonstrate that…
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