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This is wild. DraftKings must pay a Massachusetts bettor $923k after the Gaming Commission unanimously denied a request to void a series of connected bets.
The result of a single mistake made by a trader.
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Fairplaygov
3,639 posts
Fairplaygov
@fairplaygov
Sports betting & prediction market policy wonk
USA
Joined February 2024
- A co-conspirator matching the description of Trail Blazers Coach, Chauncey Billups, is named in the Terry Rozier indictment. He is alleged to have told a defendant that the team would bench starters & tank the March 24 game. That defendant shared this info with bettors previously
Connecting dots between the Jontay Porter case and today's sports betting & poker cheating indictments. Shane Hennen was indicted in all three cases. Ammar Awawdeh, the subject of the @PabloTorre summer mega episode below, was indicted in both the Jontay Porter & poker cases. - Right before the FBI knocked on the door...
The DOJ's indictment: 
NEW: @repdinatitus, a Nevada Democrat, has introduced a bill that would roll back the controversial cap on the amount of losses gamblers can claim on their taxes, undoing a provision in the just-signed Congressional budget- Replying to @fairplaygovThe Trail Blazers went on to bench starters & lose by 28 points. This was literally the next night after the game in which Terry Rozier allegedly tipped defendants off that he would leave a game early & to bet his unders. This is going to be made into a movie.
- Man wins $50k on #sportsbetting in 6 weeks Background in data analytics State has ~24 apps. He is restricted on 4 of them. Fanatics has maxed his win amt to $15 on a CBB total bet Where's the happy medium here? Common story out of Colorado that happened to make local news @9NEWS
00:00 - Have you ever been limited to dollars or pennies by a sportsbook? Massachusetts Gaming Commission has questions about this common sportsbook practice & will ask the largest U.S. operators about it on Tuesday, May 21. Live on Youtube at 11am ET. Here is the meeting agenda.
- Jim Cramer calls the gambling tax provision in the OBBB "brutal" as part of a 6-minute segment on CNBC's Mad Money. Mainstream media attention on the issue has increased this week.
00:00 - NEW: Senate bill S.2230 from Nevada's @CortezMasto is officially introduced. The bipartisan FULL HOUSE Act with 2 cosponsors, NV @SenJackyRosen & TX @SenTedCruz. It's been referred to the Senate Finance Committee, the same committee responsible for the new 90% rule.
- Tough to see a sports betting issue get this much traction today & yet this is moving so fast, it will get voted on tomorrow before anyone can organize. And also, if you explained to the Trump fam what this does to poker & sports betting, they’d be like “wait, we did what?!”RT for awareness. Tax code is already punitive to poker players (you get taxed on winning years but can't write off losing years unless you file as a pro; it's easy to have a down year even as a good player) and Senate-passed version of OBBBA would make it considerably worse.
- This is an incredible admission from Fanatics that nearly half of limited players have a net negative balance. They've taken your money & said now go away. He framed it as they are behavior-focused. MGC may not agree that *all* of the people that Fanatics limits are bad apples.
00:00 - Wild offer from Fanatics that came across Reddit. A lot of people rightfully warning in the comments about getting limited while trying to play through the bonus rollover.
- .@JoeBrennanJr put on a masterclass at today's MGC meeting on bettor limits in defense of the player, to steal words from @BillSperos. This is the main point in all of this: Where are winning or advantage players supposed to go? The law is more or less silent on this question.
00:00 - "If this poker thing happens, maybe we can't play poker anymore in America." Gambling tax issue makes it to @theallinpod
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