Subjective criteria of “suitability” hurts businesses and consumers, and gives unelected government officials far too much power. While many of them use that power in positive ways, too many use it to exert undue leverage. Tying fantasy to PMs is a prime example.
Well this absolutely sucks. ingame.com/underdog-surrende…
A professional update! Excited to join the Onyx team. businesswire.com/news/home/2…
Nicholas Green retweeted
This note in the final book from Dolly Parton’s Imagination Library wrecked me last year when my daughter turned 5. Tearing up again reading it now.
Nicholas Green retweeted
Dolly Parton's free book gifting program was such a profound gift. No one asked for it. She just sent books to kids all over the US and elsewhere. My children loved receiving their "dolly books." An act of pure generosity that meant so much to so many families.
Nobody who understands the industry and Underdog’s reach would be surprised by this. Underdog is a rocket ship. Always has been.
Nicholas Green retweeted
The practice of law is so much faster than it is was 5-10 years ago. You’d have at least a few days for a response. Now it’s much closer to hours (or just the singular).
Clint and Landovan have the personality of a gray wall. And the last person I want to hear on anything is Alexei. Never has someone floated so far on little talent or accomplishments.
I love soccer and don’t want to rail on the FOX coverage just for the sake of it, but this is a complete miss from FOX.
USA just won their first knockout game in 24 years, and immediately after the game FOX cuts to Zlatan Ibrahimovic, Thierry Henry & a British host.
How are Alexi Lalas, Landon Donovan, Clint Dempsey not the immediate postgame crew we get to hear from? What an absolute joke. #USA
Just wait until the world understands the beauty of the Waffle House. 75 years of trying to sell America to the world will not matter.
Our most important cultural export will be a pecan waffle and hash browns covered, smothered, and peppered.
Nicholas Green retweeted
I applaud today’s action by Arizona’s District Judge, which reaffirms what we all know: the @CFTC has full jurisdiction over prediction markets. We’ll keep pursuing action against any state that infringes on our statutory authority.
Lots of non lawyers on this platform (and even lawyers who aren’t competent in appellate practice) talking about the 3d Circuit opinion, what it means, next steps, and it’s just swirl. So much swirl.
The 3d Circuit agreed with Kalshi. Qed. It’s a BFD.
Nicholas Green retweeted
Hey @mattyglesias and @brianbeutler, it’s me, your favorite former General Counsel of the Commodity Futures Trading Commission!
I appreciated your discussion of oil futures on this week’s podcast. To your point about trading on non-public information, the Commodity Exchange Act and the CFTC’s regulations do prohibit insider trading in somewhat the same way as the securities laws do. In the case of commodity futures, that includes government information. I’d be happy to explain. Please let me know when you are next recording. Cheers!
Nicholas Green retweeted
Today the @CFTC and @MLB made history by signing the first-ever MOU between a sports league and federal agency.
We’ve committed to work together to protect the integrity and resilience of prediction markets relating to professional baseball.
Through this partnership, the @CFTC is well-positioned to add additional tools to protect our markets from fraud, manipulation, and other abuses. Thanks to @MLB and Commissioner Manfred for working with us to protect the integrity of these growing markets.
Read the full MOU⬇️
cftc.gov/PressRoom/PressRele…
Some courts have already sided with exchanges on these questions. Given that, it's an unnecessary escalation to bring criminal charges.
Putting aside how much his lawyers must love that he’s tweeting about pending criminal charges, @mansourtarek_ continues to conflate bets placed on @Kalshi with traditional derivatives contracts. But that assumes sports bets placed on Kalshi are in fact derivatives and not gambling — an argument courts are increasingly rejecting. Extrapolating the charges against Kalshi to say that every derivatives contract must also be criminal is like saying charging someone with distributing black market opioids is inappropriate because pharmacies distribute legal prescriptions.
States routinely shut down illegal gambling operations pursuant to state laws and unlicensed operators may be charged criminally in many jurisdictions (NJ is one). There’s nothing extraordinary about that. I predict this statement will hurt his case.