There is arguably no issue that unifies the online gambling community more than repealing a new tax rule capping gambling deductions to 90% of losses. As is the norm in politics, a non-politician might need to be the voice for change. And Dana White has Donald Trump's ear.

EXCLUSIVE: Kalshi retail bettors have lost more than $100 million on parlays this year. Feature story here: www.sportico.com/business/spo...

Gotham FC is in advanced talks to relocate to the new soccer stadium that NYCFC is building in Queens 🏟️ Story here: www.sportico.com/leagues/socc...

People have lost more than $116 million this year placing parlay bets on Kalshi’s retail app and website For every $100 wagered, retail bettors lost roughly $15 Research from @dan-bernstein.bsky.social for @sportico.bsky.social. Link to full story below ⬇️

Sometimes it pays to lose your job. FanDuel's departing CEO is getting severance worth far more than her base annual salary.

WNBA valuations continue to boom 🧨

Polymarket's latest headline-grabbing saga adds to building backlash against prediction markets. Meanwhile, sports leagues partnered with Polymarket continue to avoid questions about their associations with a brand that offers war bets.

FanDuel's new injury promo, which provides full-game "bet protection" for a 3% fee, has generated extensive debate. One thing seems clear: These evolving programs are good business for sportsbooks.

A new record NWSL expansion fee, exclusive from @ebennovywilliams.bsky.social 💰

He's the federal government's sports betting regulator. Yet he told Congress today that sports betting isn't his area of expertise.

EXCLUSIVE: Kalshi is the first member fully onboarded with IC360's new self-exclusion hub for prediction markets. The initiative will let people ban themselves from multiple leading prediction market platforms at once.

Jon Rahm made more money than anyone else in golf over the past year.

It's the biggest open secret in prediction markets. And Polymarket's recent "market surveillance" announcements haven't made it go away.

EXCLUSIVE: Kalshi classified itself as a sports gambling product in a trademark filing for the term "prediction market." That's despite the company's public stance being that it has nothing to do with gambling.

I asked Oregon regulators how DK Replay isn't a prohibited casino game. They defended their approval of DraftKings offering historic MLB pitch betting.

Three of the top 10 political contributors from the 2024 election cycle are involved in prediction markets—a sign of the influence the new line of business can tap into

As Kalshi and its prediction market peers grumble about the "casino lobby" working behind-the-scenes levers, records show they are ramping up their political influence machine, too. New feature from me 👇

MLB's main justification for its Polymarket deal is not as meaningful as it might seem at first glance.

The average MLB team value is up 12% to $3.17 billion 📈 It is the biggest year-over-year franchise value gain for MLB since Sportico’s baseball valuations launched in 2021.

Kalshi faces criminal charges in Arizona as legal battle between the company and states—and over whether those states are preempted by federal law from enforcing state law—expands. As we recently wrote, this seems headed for SCOTUS. @dan-bernstein.bsky.social and I explain for @sportico.bsky.social:

When accounting for endorsement earnings, no one in MLB is making money like Shohei Ohtani 💰

Here's the inside story of the grassroots effort to bring the NWSL to Denver ⚽

EXCLUSIVE: Significant leadership change at FanDuel, as Mike Raffensperger is set to depart.

Angel City remains the most valuable NWSL franchise. But it now has company in the $200+ million club 👀 2026 NWSL valuations here: www.sportico.com/valuations/t...

The NWSL's North Carolina Courage are selling a minority stake for $40 million 💰

A major sportsbook and an NBA team? The Houston Rockets owner could have both.

The NWSL's Houston Dash are restarting their sale process.

An absurd bidding process became too much for Netflix. They're out 👋

Intercontinental Exchange, which owns the NYSE, has so far avoided scrutiny for its ties to the Polymarket war bets that have drawn outcry from public critics and lawmakers.

If Instagram and other social media apps are found to cause addictions in ways that break the law, what does that mean for sports betting apps and sports apps? The Meta/social media trial isn't about sports, but sports should be paying close attention. My @sportico.bsky.social legal column:

Robinhood's prediction market exchange and clearinghouse Rothera submitted an all-caps "FINAL" version of its rulebook this week. Robinhood has not provided an exact date for migration to the exchange, but it could be coming soon.

Despite its $9 billion valuation, Polymarket's corporate umbrella gets little coverage. Take its connections with Panama, for example. New feature from me on the Central American "operator" of Polymarket's international exchange.

Some big numbers in Novig's new raise led by Pantera Capital. I'm told company is now valued at $500 million. Seeing a notable pick-up in trend of crypto companies and funds jumping into prediction markets.

Signs of life for the NBA All-Star Game 👽

When sportsbook veterans make markets in the same place as financial firms, who has the edge? New prediction markets feature story from me.

The value of the average MLS franchise is up 6% from last year 📈

My Sportico colleague @mccannsportslaw.bsky.social provides timely analysis on how the CFTC might get involved with ongoing prediction market litigation...

Even if Sporttrade succeeds in getting approval, the company will enter at a market share deficit to exchanges already operating under the CFTC.

On the latest twist in prediction markets—this one via the Trump administration

The NWSL club was supposed to cruise to the Champions Cup final. Instead, it squandered at least $800,000 in prize money that would have been split with its players.

EXCLUSIVE: Novig has applied for approval to become a CFTC-regulated prediction market exchange

Kalshi and its lobbying proxy are touting compliance at every turn—a PR message that stings Polymarket and turns attention away from alleged insider trading happening on its own platform.

BREAKING: Trinity Rodman is staying in the NWSL

Video game revenue rose in 2025, but other app categories grew at a faster pace, new data shows.

Scoop: the largest operator of U.S. youth sports clubs is for sale www.sportico.com/business/spo...

While Bloomington celebrates, more fanbases than ever will wake up Tuesday asking: Why not us next?

Cristiano Ronaldo is the highest-paid athlete in the word for the third year in a row. Feature story on the top 100 list from @kbadenhausen.bsky.social here: www.sportico.com/personalitie...

OPINION COLUMN: DraftKings, Fanatics and FanDuel demonstrated responsible gaming was never a moral issue or priority by releasing prediction market apps that abandoned some of their own norms.

Polymarket U.S. failed to fully launch in 2025, missing out on an untold amount of prediction market betting revenue. It's a development that has received surprisingly little public attention given the billions of dollars the company has raised this year. Story here...