Create a new user profile and start making trades on the Super Bowl or any other prediction market. New users will receive a $10 sign-up bonus after making $100 worth of trades. Kalshi should be a go-to option for football fans this weekend. There are tons of markets available for the big game, including the outright winner, spread, total points, touchdown scorer, MVP and more.
A jury found former Dodgers outfielder Yasiel Puig guilty of obstruction of justice and making false statements to investigators Friday in Los Angeles federal court. The two-week trial concluded with the jury deliberating for nearly two days. Puig, 35, could face up to 20 years in prison. Sentencing is scheduled for May 26. Puig faces a statutory maximum sentence of 10 years in federal prison on the obstruction of justice charge and up to five years in prison for the two false statement charges.
Genius Sports announced the $1.2 billion acquisition of Legend on February 5, with $900 million paid out at closing and an earnout of up to $300 million. The big-figure deal is anticipated to bring in $1.1 billion in Group Revenue for Genius Sports, as well as between $320 and $330 million in Group Adjusted EBITDA with approximately 50% free cash flow.
The increase is being largely driven by the Gen Z population, as basketball is now the 6th most popular sport among the 18-24 year old demographic. Despite there being major continental competitions across Europe like the EuroLeague and EuroCup, basketball is a sleeping giant that is awakening in the UK. This movement is likely to cause a massive shift in the sport's associated betting markets as well, but the big question of whether basketball can break into the mainstream remains.
Around this time last year, I was listening to The Athletic's daily NBA podcast. One host recapped the week in professional basketball, ending with the news that player Terry Rozier was under federal investigation as part of a sports betting scandal. "Brutal," his co-host responded. "From that, um, let's go to our, uh, BetMGM line of the week, brought to you by BetMGM."
At leading prediction market Kalshi, more than $47 million has been staked this season on what are known as NFL announcer mention markets, where users trade on the probability of what the play-by-play broadcaster or color analyst will -- or will not -- say during games. Since September, the average amount risked on NFL announcer mention markets has grown more than seven times, from less than half a million per game at the start of the season to $3.55 million on the AFC and NFC championship games
But while the public gets caught up in the storylines, smart money is focused on the value. By activating the latest DraftKings promo code, new users can exploit this high-profile matchup with a massive leverage play: place a wager of just $5 on this East-West clash, and if your read is correct and the bet wins, you secure $300 in bonus bets.
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In the months after a 2018 Supreme Court decision opened the door for states to legalize sports betting within their borders, giddy lawmakers across the country couldn't move quickly enough. No one wanted to miss out on the billions of dollars in tax revenue that the high court had suddenly placed within their reach-or, worse yet, to watch that easy money go to neighboring states whose leaders had the presence of mind to move first.
Common Sense Media's new report, "Betting on Boys: Understanding Gambling Among Adolescent Boys," finds teen boys are largely exposed to gambling through sports betting and video games "in loot boxes, skin cases, and other reward systems that blur the line between playing and paying." More than a third of the boys surveyed, ages 11-17, admitted to gambling in the past year, with that number rising to nearly half of the 17-year-olds. Additionally, 60% reported seeing ads for gambling on YouTube and social media.
It appears that ads from companies like Polymarket or Kalshi will not air during the upcoming Super Bowl. According to the NFL, the league placed prediction market commercials under its "prohibited categories" for Super Bowl advertising on February 8. As reported by Front Office Sports, prediction markets now sit under the same category as tobacco, pornography, firearms, "and other controversial subjects."
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