Category: Opinion
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‘Reclusive’ Billionaire Builds Huge Stakes In Flutter, DraftKings
DraftKings and FanDuel compete for U.S. online gamblers, but they also furiously lobby together—and now share one especially large investor you may not have heard of. That billionaire, Kenneth Dart, has quietly built huge stakes across the sector. Americans lost $27 billion to state-sanctioned online gambling in 2025, and losses this year are on pace…
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Billionaire Says Prediction Markets Akin To Drugs
David Booth, who founded a firm now managing more than $1 trillion in assets, said prediction markets and their gambling offerings are a bad idea, comparing them to drug use. In an op-ed for the Financial Times, Booth, 79, wrote: “I feel about prediction markets the way I feel about drugs — they’re probably not…
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‘Godfather’ Of Sports Betting Calls Industry ‘A Little Bit Disturbing’
The unofficial “godfather” of U.S. online sports betting admits that the industry has become “a little bit disturbing.” Former New Jersey Gov. Chris Christie, who led efforts to overturn the Professional and Amateur Sports Protection Act of 1992, told The Philadelphia Inquirer that the industry’s growth since 2018 has been troubling. Legal online sportsbooks won…
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The Leopards Are Now Eating The NFL’s Face
The NFL says bets on so-called “prediction markets” sports-gambling platforms are ripe for corruption, insider trading, and manipulation, making them a match-fixing risk in NFL games. It’s a potentially enormous problem, as many fans already partake in the conspiracy theory that the NFL is rigged related to gambling. It’s also an historic “the leopards are…
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Texas’ Senate Race Is A Gambling Money Trainwreck
Is Kalshi influencing Ken Paxton? Is Las Vegas Sands influencing James Talarico? The stain of gambling money could play a role in a remarkably close race for the Senate in the Lone Star State. Either way you vote in Texas, you’re backing a candidate tied to—and potentially corrupted by—gambling interests. Gambling Money Flowing Paxton, the…
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