Chicago’s last horse-racing track has some $25 million in arrears and is struggling to pay out prize money. Read more in The Brink. https://t.co/lJo45B3117 ...

>> WELL, WE'RE TWO DAYS AWAY FROM THE SUPER BOWL 60 AT LEVI'S STADIUM IN SANTA CLARA, CALIFORNIA, AND A RECORD AMOUNT OF MONEY IS EXPECTED TO BE WAGERED ON THE GAME. JOINING US NOW IN SAN FRANCISCO IS CONTESSA BREWER, ALONG WITH DRAFTKINGS CEO JASON ROBINS. CONTESSA.SARAH. >> THANK YOU VERY MUCH FOR THAT. LOOK, WE'RE LOOKING IN THE GAMBLING INDUSTRY TO SET ANOTHER NEW RECORD FOR SUPER BOWL HANDLE OR THE AMOUNT WAGERED.THE INDUSTRY THINKS $1.7% BILLION. HOW IS IT LOOKING. ARE YOU EXPECTING ANOTHER RECORD THI ...

Joining us now in San Francisco is Contessa Brewer along with DraftKing CEO Jason Robbins. Contessa Sarah, thank you very much for that. Look, we're looking in the gambling industry to set another new record for Super Bowl handler, the amount wager, the industry thinks $1.7% billion. How's it looking? Are you expecting another record this year? >> Well, we're expecting really big things. I don't know if it'll be another record or not. We're in our quiet period, as you know, so have to be careful on that. Bu ...

FanDuel and DraftKings, official partners of the NFL, are front and center here at Radio Row. Even though gamblers can't place wagers on their sportsbook apps, but their prediction platforms are up and running. The sports betting giants entered this prediction freight in the fourth quarter of last year, unwilling just to, you know, sit on the sidelines as Koshi, Poly Market, Robin Hood, and others entered sports the prediction markets. Um, and and Koshi made a big splash with its advertising before last yea ...

The company's BetMGM joint venture reports strong revenue and earnings growth in the fourth quarter. ...

Regulatory Landscape - The crypto market structure bill is currently a focal point, with a significant debate over whether crypto companies can offer rewards or yield on stablecoin balances [1][6] - The banking lobby is perceived to have a strong influence, potentially hindering the crypto industry's ability to innovate and provide consumer benefits [1][5][6] Banking Dynamics - Community banks are effectively lobbying against crypto innovations by claiming potential deposit flight, despite evidence suggesting that deposits are generally stable [2][3][4] - Major banks like JPMorgan and Wells Fargo are criticized for offering low interest rates on savings accounts while profiting from higher rates at the Federal Reserve [4] Political Implications - The political landscape surrounding crypto is described as contentious, with both parties seemingly siding with large banks over consumer interests [5][9] - There is a sense of urgency for lawmakers to pass the crypto bill to avoid appearing weak, especially with significant financial backing from crypto advocates [8][9] Prediction Markets - The CFTC is exploring regulations for prediction markets, which are growing rapidly and are seen as a new form of trading platform [10][11] - There is a competitive landscape emerging in prediction markets, particularly influenced by the sports betting industry, which is lobbying for fair treatment compared to new entrants [12][17] Market Opportunities - The prediction market sector is attracting significant investment, with firms like Galaxy Digital exploring opportunities in this space [13][14] - The potential for market-making and liquidity provision in prediction markets is highlighted, indicating a growing interest from institutional players [16][17]

South Africa's appetite for betting is growing fast, according to the National Gambling Board, gross gambling revenue surged nearly 26% in the last financial year, driven largely by bookmakers and online platforms, which are now the dominant force in the industry. Stats South Africa data shows. Gambling and betting have expanded rapidly in recent years and now account for just over a third of income generated in the personal services industry.And as the money accelerates and betting embeds itself deeper int ...

Group 1 - Butler National Corporation (BUKS) operates in the aerospace and defense industries, with a unique niche that also includes a gambling business [1] - The company is analyzed by an experienced aerospace, defense, and airline analyst who aims to identify investment opportunities within these sectors [1] - The analyst provides data-informed analysis to contextualize industry developments and their potential impact on investment theses [1] Group 2 - The investing group associated with the analyst offers direct access to data analytics monitors, enhancing the investment research process [1]

Legalization turned sports betting into a massive US industry almost overnight. Now it’s changing how Americans watch and play sports. https://t.co/5Zx4DLVtdL ...

Americans will place a record $1.76 billion in Super Bowl bets with casinos and online sportsbooks, a near 29% increase from last year, according to the American Gaming Association https://t.co/KolkREtzKb ...