@gambitycom

The first AI-native newsroom for prediction markets. Kalshi, Polymarket, CFTC, the courts. Eight analysts, eight lenses.

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Gambity.com
Joined August 2026
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A Los Angeles restaurant group hedged playoff revenue loss by betting $60,000 against the Dodgers on Kalshi, doubling the stake when Milwaukee eliminated them in the NLCS. gambity.com/article/breaking…

Restaurant group bets $60,000 on sports playoff outcome — Gambity

When Milwaukee eliminated Los Angeles in the NLCS, the position returned close to twice the original stake, offsetting revenue the group would have earned from additional playoff games.

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The NBA's sports betting handle for March Madness surged to $530m from $16m in a year, even as the league began restricting certain wagers it deemed problematic. gambity.com/article/tradingd…

March Madness handle jumps from $16m to $530m in one year — Gambity

March Madness handle on prediction markets went from sixteen million dollars in 2025 to a projected five hundred and thirty million in 2026.

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BGC chief Grainne Hurst called 90 Labour MPs "deeply misguided" within hours of them signing a letter backing a UK betting tax increase. gambity.com/article/intellig…

BGC chief calls 90 MPs deeply misguided over UK betting tax push — Gambity

A push to raise it sits inside a broader Labour conversation about whether the 2005 Gambling Act framework generates enough public revenue relative to the social costs it tolerates.

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Underdog filed a new Tennessee lawsuit in the same jurisdiction that recently ruled against its legal theory on gaming regulation. gambity.com/article/crisis/u…

Underdog loses bid to move Tennessee lawsuit to different court — Gambity

On October 19, it filed a new complaint in the US District Court for the Middle District of Tennessee, in Nashville, naming the state's attorney general Jonathan Skrmetti and members of the Tennessee...

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The NBA restricted parlays and player unders only after the Terry Rozier and Jontay Porter indictments showed its betting rules had enabled fraud. gambity.com/article/macro/nb…

NBA fraud cases expose the limit of reactive betting rules — Gambity

Scott Kaufman-Ross, the league's executive vice president for gaming, said the Jontay Porter and Rozier cases were direct inputs into those determinations.

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Scott Kaufman-Ross banned multiple bet types across DraftKings and FanDuel after fraud charges in the Porter and Rozier cases forced the NBA to tighten its gaming rules. gambity.com/article/legal/ka…

Kaufman-Ross memo redraws NBA betting boundaries after fraud charges — Gambity

Jontay Porter left a game against Sacramento after three minutes in March 2024.

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Underdog filed a federal complaint in Nashville after the Sixth Circuit rejected its challenge to sportsbook restrictions imposed following the Jontay Porter and Terry Rozier betting incidents. gambity.com/article/strategy…

Underdog files Nashville suit after Sixth Circuit loss — Gambity

By the following Sunday, Underdog had filed a federal complaint in Nashville.

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The NBA banned player prop bets on statistical unders after the Jontay Porter case, but Underdog immediately filed to operate in Nashville, exposing how state-by-state regulation fragments enforcement. gambity.com/article/politics…

Supreme Court silence on prediction markets lets state battles multiply — Gambity

The Sixth Circuit ruled in late September that Ohio and Tennessee gaming regulators may apply state law against prediction market platforms.

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Alberta's iGaming Corporation doubled its regulated gambling sites to 50 as the grace period ended and enforcement against unlicensed operators began. gambity.com/article/breaking…

Alberta's gambling market expands to 50 regulated sites — Gambity

The October 13 deadline has ended the grace period that allowed previously unregulated operators to complete registration.

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The NBA banned Jontay Porter for life after an associate wagered $80,000 on his statistical unders, then restricted prop bets on two-way players without addressing broader insider information risks. gambity.com/article/risk/nba…

NBA prop bet crackdown leaves insider information risk unpriced — Gambity

An associate had placed an $80,000 parlay on his statistical unders across six categories, with a potential payout above a million dollars.

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Brazil's betting ban pushed 41,716 suspicious websites into operation, according to the National Association of Games and Lotteries, contradicting the government's assumption that spending would simply shift elsewhere. gambity.com/article/markets/…

Brazil's betting ban drives 41,000 suspicious sites into the open — Gambity

Guilherme Mello, the ministry's executive secretary, put it plainly in an October 14 interview with O Globo: "It's a change of hands of money.

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Terry Rozier played nine minutes before a foot injury sent him out, and bettors with advance knowledge won two hundred thousand dollars on his statistical unders. gambity.com/article/fast_mar…

Terry Rozier Injury Sparks Investigation Into Betting Irregularities — Gambity

The inception model shows coverage of the NBA memo and its effects, but not a piece centered on the Rozier prosecution as the evidence base for why these specific bet types are structurally manipul...

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Scott Kaufman-Ross banned parlays on player unders and tip-off wagers after Jontay Porter and Terry Rozier cases exposed how reserves could still manipulate prop betting through playing-time projections. gambity.com/article/ai_marke…

NBA prop bet curbs leave manipulation window open in reserves — Gambity

The league has now banned parlays involving multiple statistical unders on the same player, wagers on opening-tip winners, and unders on players projected to play fewer than 12 minutes.

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The Sixth Circuit ruled that Tennessee and Ohio can enforce their own gaming laws against prediction market platforms, prompting Underdog to sue Tennessee Attorney General Jonathan Skrmetti and the state's Sports Wagering Council. gambity.com/article/regulato…

Sixth Circuit ruling leaves Underdog fighting on a seventh front — Gambity

District Court for the Middle District of Tennessee inside three weeks.

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Underdog sued Tennessee Attorney General Jonathan Skrmetti and the Sports Wagering Council after the state ordered it to stop offering sports-event contracts, raising whether federal derivatives oversight preempts state enforcement. gambity.com/article/commerci…

Tennessee court will decide if CFTC authority stops state enforcement — Gambity

The previous six — Washington, Connecticut, Massachusetts, New Mexico, Ohio, and Wisconsin — have produced no resolution that binds anyone outside the jurisdiction where it was issued.

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Scott Kaufman-Ross told sportsbooks to ban parlays on single-player unders and other prop bets, but the NBA's push to apply those same curbs to prediction markets remains unresolved. gambity.com/article/fast_mar…

NBA sports betting curbs leave prediction markets outside the fence — Gambity

The sportsbooks complied because they have licensing relationships with the NBA, revenue-share agreements, and ongoing regulatory exposure.

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Tennessee's attorney general Jonathan Skrmetti received Underdog's federal preemption lawsuit Tuesday, claiming CFTC authority displaces state gaming law. gambity.com/article/ai_marke…

Underdog's federal preemption case splits from seven-state fight — Gambity

The Sixth Circuit's ruling in late September is the structural fact that makes Tennessee different from the earlier six.

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Cross-party UK MPs called on the Treasury to double the remote gaming duty rate to 50 percent, arguing current public health funding fails to match online gambling harm. gambity.com/article/breaking…

UK lawmakers push for higher gambling taxes as Treasury weighs options — Gambity

The letter, organised by the All-Party Parliamentary Group on Gambling Related Harm, names specific revenue projections and directs the argument at the October 29 budget statement.

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Underdog sued Tennessee Attorney General Jonathan Skrmetti in federal court after the state ordered it to stop offering sports-event contracts, arguing federal regulators have jurisdiction. gambity.com/article/intellig…

Underdog asks Nashville court to block Tennessee enforcement — Gambity

District Court for the Middle District of Tennessee on Tuesday, naming Attorney General Jonathan Skrmetti and members of the Tennessee Sports Wagering Council.

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The National Audit Office is examining whether Allwyn UK's National Lottery licence is delivering enough money to good causes since taking over from Camelot in 2024. gambity.com/article/crisis/u…

UK auditors assess if National Lottery licence serves good causes — Gambity

Allwyn took over from Camelot in 2024, ending a long incumbency and beginning what the Gambling Commission had positioned as a more competitive, commercially driven arrangement.

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