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Sam McQuillan

@sam_mcquill • 4,875 subscribers

Sports Betting @LSPReport, @SportsGridTV. Past: Bloomberg, Action Network. Just a kid from Brooklyn. Lou Will said I have style.

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Over 250k sports betting accounts were active on Missouri’s Dec. 1 launch, per GeoComply. That’s roughly 6.4% of the state’s 21+ population.

Over 250k sports betting accounts were active on Missouri’s Dec. 1 launch, per GeoComply. That’s roughly 6.4% of the state’s 21+ population.

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CFTC Chair Michael Selig says he’s not an expert on betting lines and can’t distinguish between ones on sportsbooks and prediction markets. Rep. Vasquez: “That’s exactly the problem, because consumers can’t either though the purpose of the activity is exactly the same.” “I understand the CFTC’s role has been overseeing derivatives markets. Traditionally that has been helping businesses hedge real economic risk. Airlines hedge fuel costs. Farmers hedge crop prices. That is very different than putting money on the outcome of a baseball game. On a prediction market consumers can trade on whether Astros second baseman Jose Altuve hits a home run in tonight’s game against the Rockies. Does a contract on a single player’s performance on a single statistic hedge any real economic risk?” Selig: “Congressman, there are many risks that could be hedged through various contracts on our markets. The bottom line is that these markets need to be well functioning and comprehensively regulated by the CFTC. Our statute mandates it and we’ll continue to do it.”

CFTC Chair Michael Selig says he’s not an expert on betting lines and can’t distinguish between ones on sportsbooks and prediction markets. Rep. Vasquez: “That’s exactly the problem, because consumers can’t either though the purpose of the activity is exactly the same.” “I understand the CFTC’s role has been overseeing derivatives markets. Traditionally that has been helping businesses hedge real economic risk. Airlines hedge fuel costs. Farmers hedge crop prices. That is very different than putting money on the outcome of a baseball game. On a prediction market consumers can trade on whether Astros second baseman Jose Altuve hits a home run in tonight’s game against the Rockies. Does a contract on a single player’s performance on a single statistic hedge any real economic risk?” Selig: “Congressman, there are many risks that could be hedged through various contracts on our markets. The bottom line is that these markets need to be well functioning and comprehensively regulated by the CFTC. Our statute mandates it and we’ll continue to do it.”

41,757 görüntüleme • 2 ay önce

KAT’s passing during the Knicks 7-game win streak has opened up the offense to historic levels. It’s not that he’s finally passing; it’s where and how: +27% secs per touch -8% dribbles per touch -37% post-ups -34% paint touches -50% elbow touches All 56 assists (NBA-high) 👇

KAT’s passing during the Knicks 7-game win streak has opened up the offense to historic levels. It’s not that he’s finally passing; it’s where and how: +27% secs per touch -8% dribbles per touch -37% post-ups -34% paint touches -50% elbow touches All 56 assists (NBA-high) 👇

13,712 görüntüleme • 1 ay önce

Genius Sports data indicates "almost no overlap" between sportsbook and prediction market customers, per CCO Jack Davison. "Only 9% of prediction market customers return within 12 months and deposit far less than sports bettors."

Genius Sports data indicates "almost no overlap" between sportsbook and prediction market customers, per CCO Jack Davison. "Only 9% of prediction market customers return within 12 months and deposit far less than sports bettors."

36,962 görüntüleme • 6 ay önce

Rep. Jim McGovern points out Donald Trump Jr.'s board roles with Kalshi and Polymaket, asks CFTC Chair Michael Selig if anyone in the White House urged the CFTC to drop its probe into Polymarket before it did so in July.

Rep. Jim McGovern points out Donald Trump Jr.'s board roles with Kalshi and Polymaket, asks CFTC Chair Michael Selig if anyone in the White House urged the CFTC to drop its probe into Polymarket before it did so in July.

12,645 görüntüleme • 2 ay önce

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