InGame @InGameHQ
Covering the U.S. sports betting industry with news, features & analysis on business, legislation, consumer protection + more. Also see @casino_reports InGame.com U.S.A. Joined April 2025-
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Read more in our legislative roundup: ingame.com/legislative-ro…
With the World Cup as their backdrop, lawmakers in Pennsylvania and Washington, D.C. are taking advantage of the spotlight on sports to announce or try to move forward legislation intended to expand consumer protection for bettors.
Susquehanna International Group’s prediction market desk took its biggest sports loss making markets during the Knicks’ Game 4 NBA Finals comeback Wednesday, while Kalshi reported a record day for volume. Susquehanna’s losses, a source familiar with the situation says, were almost entirely on the game-winner market.
Full story via Jill R. Dorson -- #WorldCupFever ingame.com/how-convert-wo…
Optimove looked at retention rates for first and second deposits for the 2022 World Cup and found that six months after the event, 31% of those who made “exactly two” deposits were still active players compared to 22% of those who made only one.
“We don’t have a magic bullet so to speak, and the vast majority of players are going to come in and leave,” @Optimove Director of Sales Jeff Laniado told InGame. “But there is a ton of data that we have that shows that second deposit” is critical.
Bean’s comments on the New Normal tribal webinar were part of a chorus of anti-prediction voices that reacted with anger, frustration, and a renewed vigor to fight after the CFTC announced proposed rules that would put a framework around prediction markets and sports event contracts, which have been roiling the legal sports betting industry for more than a year.
“It’s just the big middle finger.” Indian Gaming Association Chair David Z. Bean said exactly what many against prediction market sports event contracts were thinking Wednesday, though they may have been too polite to say it.
It seems pretty fair to say that when the history of legal sports betting in America gets written, New Jersey will get top billing. But a series of bills now at different stages in the state legislative process threaten to, at best, change the way things are done in the state, and at worst, kind of flip over the whole apple cart.
Perhaps creating a challenge for the CFTC is the fact that parts of rule 40.11 refer to a “prohibition” and say that exchanges “shall not list” these contracts for trading. The CFTC did not propose a removal of that language. Instead, it argues that the language could never have referred to a ban in the first place, because it says Congress did not give it the authority to ban classes of contract outright.
Sports event contracts involve gaming, but they’re legal, according to a proposed set of rules the the Commodity Futures Trading Commission (CFTC) released Wednesday.
Read more in our live blog: ingame.com/prediction-mar…
The CFTC has published its new proposed rules on prediction markets. The rulemaking document identifies “player injury contracts,” “officiating outcome contracts,” “discrete outcome contracts based on specific participants,” and “pre-collegiate sports events” as likely to be against the public interest.
The CFTC is set to announce on Wednesday new rules for prediction markets, including restrictions on “micro-betting” types of markets, The Wall Street Journal reports.
Read more from @jeffedelstein -- ingame.com/brendan-sorsby…
(Opinion) On Sorsby and NCAA (in)eligibility: Everyone is losing their mind over a judge lifting Sorsby's ban, but the original punishment did not fit the crime
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