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0 0 0.00145932141554174 0.00145932141554174 0.00255381247719811 -0.00218898212331261 -0.0178766873403867 -0.0215249908792411
Stock impact report

Wanna bet? Super Bowl gamblers find a way around bans thanks to prediction markets [MSNBC.com]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: MSNBC.com
There’s no legal sports betting in California, though Super Bowl-sized loopholes — in the form of new “prediction market” platforms — are allowing anyone across America to wager on games anyway.Companies such as Kalshi and Polymarket have made a big push into every state, including those where sportsbooks are banned, by offering customers the opportunity to buy and sell “contracts,” not bets — even as critics argue it’s simply repackaged sports gambling.The prediction markets’ expansion into California — where the Super Bowl will take place Sunday — lays bare the murky, legally ill-defined question of what constitutes a bet.“I think there’s a good chance that [federal courts] will let this continue for at least a couple more years,” said I. Nelson Rose, aspecialist in gaming regulations“I mean, California actually has a 100-year-old statute that makes it a misdemeanor to accept, record or even make a bet on a sports event. And yet, here we are now.”The scale of activity around this ye Show less Read more
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