Recent content by CatMatt

Which is roughly four times the eight-year revenue estimate, in one year, on 2023 volumes. Either the estimate was conservative or something in the modelling assumed behaviour change. I'd guess the second, and the behaviour change they assumed is people gambling less.

Because a committee vote is the first of four things that have to happen. It cleared Ways and Means 38-5 on 16 September, attached to a 98-page digital asset tax bill. It still needs the full House, then the Senate, then a signature. Congress is out until after the midterms. And it's riding on...

You're not reading it wrong. Here's the mechanism laid out, because a lot of people in here are going to need it. - It's in the One Big Beautiful Bill, signed July 2025, effective for tax years beginning after 31 December 2025 - You deduct the lesser of 90% of your losses, or your total winnings...

That's the whole thing in one sentence and it's slightly infuriating to read.

It bothers me a great deal. It's also better than the thing it replaced, which was nothing. You're in Nevada. Your position is that a company should be licensed by the state before it takes your money, and you're right, and I'd want that too. But Texas has had thirty years to give me a...

Different companies, same product category. Kalshi is the exchange that's been fighting the states in court. DraftKings has its own version called Predictions. Robinhood and Crypto.com run them too. The court rulings about Kalshi set the rules everyone else has to live under, which is why a case...

Yep. I noticed that too and I don't have an answer for it. Either there are two states where something else applies, or the 47 figure is out of date, or the ad is rounding. DraftKings didn't respond when the Review-Journal asked them about the ads at all, so nobody's explained the gap.

They're counting DraftKings Predictions, which is a different product under a different regulator. Their own line is that Predictions operates in Nevada plus 47 other states. That includes Hawaii and Utah, which ban every form of gambling there is. So it isn't a sportsbook in 50 states. It's a...

Wellp if anyone trying to work out where their site actually sits, the map is roughly this now: - Curaçao post-LOK: hardest to get, real ownership disclosure, crypto held in entity wallets only with personal wallets banned outright. A seal that verifies means something it didn't mean in 2023. -...

Ha. That one I'd not connected.

The numbers here are unusual enough to be worth laying out. BetMakers EBITDA: A$14m unaudited, twelve months to 30 June Targeted cost savings: A$30m by end of year two Enterprise value: A$267m So the synergy target is more than double the earnings being acquired. You're not buying a profit...

Are you nuts?? Don't be like that. You're guessing and she'll act on it. @laura_BETTS I said above they're separate platforms, not the same account. Nothing I've seen says balances transfer anywhere. Assume they don't, redeem what you have and if a transfer happens to exist you've lost nothing...

Well it's legal because the provider publishes the range and the operator discloses it in the game information panel. Whether that's meaningful disclosure is a separate argument, but nobody's breaking a rule. @Steven93 practical habit is to open the info or rules panel before your first spin on...

There's a real distinction people keep missing here, so worth setting out properly. LuckyLand Slots and LuckyLand Casino are two separate platforms. Same brand name, different products. LuckyLand Casino only launched last November and it isn't going anywhere. It's LuckyLand Slots, the original...

@wagerwinner it's some of both but morgan_c is right that the commercial angle is underrated. Louisiana has a significant land-based casino industry and riverboat gaming. Baton Rouge, Lake Charles, New Orleans. Those operators pay taxes and licence fees and employ people locally. A sweeps casino...