@DustinGouker

I write about gambling, prediction markets, cards. PA-DC-Oregon; Philly sports. https://xitter.cf/t.co/EzmLhAsKct and https://xitter.cf/t.co/9TqDyzQKWO

 Oregon
closingline.substack.com
Joined January 2015
  • Tweets68.8K
  • Following2.2K
  • Followers15.3K
6.5KMedia
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lol the CFTC agenda for tomorrow uses SI instead of AI
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Essential journalism from Pablo
The Bulwark
@BulwarkOnline16h
Clay Travis claims The Cheesecake Factory was a childhood luxury. Except it didn't open in Nashville until he was 26. @Timodc and @PabloTorre investigate the curious case of his restaurant nostalgia: “We are now swift boating Clay Travis for Cheesecake Factory stolen valor.”
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Was this the intern
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The Internet is v busy to be fair
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Does someone have data on the truck sign business? It has to be up like 1000% because of prediction markets.
Gambling is Not Investing
@EndBackdoorBets18h
Taking our message on the road to @NatlAssnAttysGn's Fall Consumer Protection Conference. Kalshi calls it a contract. It’s still sports gambling. Thank you to the 47 attorneys general standing up for state authority and protecting their residents. Gambling is NOT investing.
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Kalshi literally advertised itself as sports betting for a chunk of 2025!
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Was just an intern so it’s cool guys. Also they did it a bunch of other times but that was also an intern. Nothing to see here.
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xitter.cf/wallachlegal/status/21…
Daniel Wallach
@WALLACHLEGAL14h
Replying to @WALLACHLEGAL
Kalshi has done a complete 180. While now claiming that sports-event contracts are permissible under federal law, it repeatedly asserted throughout 2024 that such contracts were antithetical to federal law. Can't have it both ways. The receipts are below.
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Dustin Gouker retweeted
Isaac
@roundrobin4215h
Americans For Fair Markets
@FairMarkets_USOct 26
This is one of the biggest differences between sportsbooks and prediction markets: sportsbooks DEPEND on their customers losing, so they ban winners and incentivize losers to keep losing. Trading with your peers > gambling against the house
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More than 70% of Kalshi's volume came from parlays for the seven-day period that ended on Sunday, per @TickerTracker_.
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Dustin Gouker retweeted
Matt Brown
@MattBrownM217h
If you're still in Circa Survivor and want to chat about it, slide on into my DMs.
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Maybe this was published before yesterday's NBA news but I really don't see how that's the takeaway of everything that's been going on either way.
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states and public opinion, sure. The NBA and leagues...mehhhhhhh
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It would be nice if some of the evangelists stopped unequivocally saying you shouldn’t treat event contracts as gambling when filing taxes.
Michael McCann
@McCannSportsLawOct 27
Call them “event contracts.” Trade them on an “exchange.” Regulate them through the CFTC. But for federal tax purposes, @nyulaw tax law experts say sports prediction markets are still gambling. My latest for @Sportico with insights from @SportsTaxMan: sportico.com/law/analysis/20….

Prediction Markets Should Be Taxed as Gambling, NYU Experts Say

NYU tax experts say sports prediction markets are wagers under federal tax law and should be taxed like sports gambling.

sportico.com
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Got this email
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Dustin Gouker retweeted
Geoff Zochodne
@GeoffZochodne21h
I thought I got a lot out of the @nextpredictio conference in NYC, including insight into prediction market combos/parlays: "For a lot of market makers, you're picking up nickels in front of a bulldozer." covers.com/industry/predicti… @Covers

How the Risky Business of Prediction Market Parlays Works

The business of providing combos and parlays via prediction markets is booming, but it’s risky and comes with challenges.

covers.com
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Jfc
Candidly Tiff
@tify330Oct 27
After Angie called out CBS, they deleted the video. The media continues to manipulate people, and somehow, people keep falling for it.
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Dustin Gouker retweeted
Sam Henry Lazarus
@SamHenryLazarus21h
In my first report for @CFR_org, I assess the promise and peril of prediction markets tied to U.S. elections and propose nonpartisan reforms to prevent insider trading, strengthen public trust, and protect retail traders. cfr.org/reports/betting-on-d…

Betting on Democracy | Council on Foreign Relations

Americans have already staked more than $1.4 billion on prediction markets tied to the outcome of 2026 U.S. midterm elections, and that figure is expected to exceed $2 billion by election day. Those...

cfr.org
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