#sports-betting

#sports-betting

Two California investors are taking Crypto.com to federal court in Miami, Florida, accusing the company of running what they describe as a nationwide sports betting business under the cover of financial trading. The proposed class action, filed in the U.S. District Court for the Southern District of Florida, names North American Derivatives Exchange Inc., which operates as Crypto.com, along with Foris DAX Inc. The lawsuit claims users across the country have lost hundreds of millions of dollars through the platform's sports event contracts.

In simple terms, public money is the action from casual bettors. These are fans who bet based on team loyalty, recent results, headlines, or popular narratives. They often wager smaller amounts but in large numbers. Sportsbooks track two main data points: * Percentage of bets* Percentage of handle The percentage of bets shows how many tickets are on each side. If 75 percent of bets are on Team A, that signals strong public interest.

Attorney General Jonathan Skrmetti sent cease-and-desist letters to 40 operators in December. "The only thing you can be sure about with an online sweepstakes casino is that it's going to take your money," Skrmetti said. "They work hard to make these sweepstakes casinos look legitimate, but at the end of the day, they are not. They avoid any oversight that could ensure honesty or fairness."

A tennis match usually starts with rituals you can set your watch by. A towel tug, a ball bounce, a glance at the strings. This year, a different ritual stole the first spotlight, because officials asked top players to take off a wrist wearable before they played, and the moment landed like a plot twist you did not order. This piece walks you through what happened, why it happened, and what it says about where tennis sits with athlete data right now.

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.