HARRISBURG, Pa. (AP) — Election-season trading on prediction markets, including in this fall’s biggest races, is skyrocketing while states fig…
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CINCINNATI (AP) — The NCAA has cleared the University of Cincinnati of any wrongdoing in its investigation of former quarterback Brendan Sorsby.
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The Dallas Cowboys always get plenty of attention, but this year some bookmakers think they could make some noise in the NFC East. Longtime handicapper Bruce Marshall says the division sets up well for “America's Team” as well as the New York Giants under new coach John Harbaugh. Depending on the sportsbook, the Cowboys have odds of 20-1 to 25-1 to win the Super Bowl. The Los Angeles Rams remain consensus favorites to win the Super Bowl at 5-1 after they brought in defensive stars Myles Garrett and Aaron Donald. Other teams among the favorites include the Bills, Ravens and defending champion Seahawks.
Former White House teleprompter operator ordered to turn over profits, pay fine over insider trading
A former White House teleprompter operator accused of using inside knowledge to make bets on the prediction market Kalshi has been ordered to turn over more than $100,000 in profits and pay a $65,000 penalty as part of a federal settlement. The Friday settlement with the Commodity Futures Trading Commission also imposes a three-year trading ban on Gabriel Perez. Perez was placed on unpaid leave from his job at the White House after reports emerged that he used his position to make bets on what President Donald Trump would say in speeches. The commission found that Perez made $107,500 on prediction markets with information from his position.
A federal appeals court panel is refusing to let prediction market operator Kalshi restart trading on elections and sporting events in Nevada while it fights the state’s effort to shut it down until it gets a license from state gambling regulators. On Friday, judges from the 9th U.S. Circuit Court of Appeals ruled that Kalshi didn’t make a persuasive argument that federal law preempts Nevada’s state gambling law in determining who should regulate it. Nevada’s attorney general’s office called the ruling a “major victory." Friday’s decision raises the likelihood that the U.S. Supreme Court will eventually decide whether states can regulate prediction markets under their gambling laws. Kalshi said it will seek further review of the decision.
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The landscape of college football has changed. More schools have a shot at the national championship. Thanks to name, image, and likeness deals, the odds are shifting. Seven teams have odds of 11-1 or greater to win the title in Las Vegas on Jan. 25. Ohio State, Notre Dame, and Texas lead the pack. Notre Dame benefits from a less challenging schedule. Texas and Oregon are also strong contenders. Notre Dame's CJ Carr is slightly favored for the Heisman over Texas' Arch Manning.
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