Dan Bernstein

United States

Assistant Editor at Sportico

Assistant Editor @sportico | DMs are open for tips | It all started @thedbk

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Articles

Kalshi, Polymarket Crack $1B Valuations, Ride Political Wave

2 days ago | sportico.com | Dan Bernstein

A day after futures trading platform Polymarket closed in on a funding round that would value it at more than $1 billion, rival prediction market company Kalshi on Wednesday said it had completed a round valuing it at $2 billion. The firms surged in popularity last fall by offering election-related contracts, when many Republicans embraced prediction markets for providing alternative data points to traditional political polls.
Kalshi Allegedly Lied About Talks With Tribes, Could Face New Lawsuit

4 days ago | sportico.com | Dan Bernstein

Victor Rocha, the conference chair of the Indian Gaming Association and member of the Pechanga Band of Indians, does not appreciate the way Kalshi has characterized its relations with tribal groups amid their fight over sports prediction markets.
Basketball GM Game Beats Industry Odds With Luka Doncic Assist

2 weeks ago | sportico.com | Dan Bernstein

The NBA trade that sent Luka Doncic to the Los Angeles Lakers on Feb. 2 sparked intense fan discussion about team management—and drove transformative traffic to the free browser-based video game Basketball GM. The game, a niche basketball front office simulator, saw a near-immediate 50% rise in user activity.
Trump CFTC Nominee Troubles Tribes With Sports Prediction Market Plans

2 weeks ago | sportico.com | Dan Bernstein

Tribal groups are concerned Kalshi, Robinhood and Crypto.com pose an existential economic threat to them through sports prediction markets—and on Tuesday, it became even more clear the Commodity Futures Trading Commission (CFTC) isn’t coming to their rescue. CFTC chairman nominee Brian Quintenz made his pro-market stance apparent while speaking in front of the U.S. Senate Committee on Agriculture, Nutrition and Forestry at a Tuesday confirmation hearing.
Sportico Transactions: Moves and Mergers Roundup for June 6

3 weeks ago | sportico.com | Dan Bernstein

Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships, products and purchases across the sports business industry. USMNT Legend Clint Dempsey Joins Men in Blazers Media Network Men in Blazers Media Network has signed Clint Dempsey as a full-time contributor to be voice of US Men’s National Team coverage leading into World Cup 2026.
Robinhood's Sports Prediction Markets Are a Hook for Wider Play

4 weeks ago | sportico.com | Dan Bernstein

As Robinhood has expanded its sports prediction markets, adding Indy 500 and French Open event swaps to its arsenal this month, the U.S. gambling industry establishment has remained on alert. Robinhood has more than 20 million monthly active users across its full suite of financial products, and CEO Vlad Tenev has frequently talked up the new sports prediction market endeavor. Tenev told analysts on April 30 the company had facilitated about 500,000 sports-related transactions.
Sportico Transactions: Moves and Mergers Roundup for May 23

1 month ago | sportico.com | Dan Bernstein

Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships, products and purchases across the sports business industry. Levy Hires Steve Dolinsky for Food Projects Levy has hired broadcast journalist Steve Dolinsky after he spent 30 years of covering the food beat in Chicago and appearing regularly on national food programs. Dolinsky begins his new role later this month.
Jim Irsay, Owner of NFL's $5 Billion Indianapolis Colts, Dies at 65

1 month ago | sportico.com | Dan Bernstein

Indianapolis Colts owner Jim Irsay has died at 65 years old, the NFL team announced Wednesday. No cause of death was made public. Irsay has faced numerous health challenges in recent years, including a severe respiratory illness and surgeries stemming from a home fall, which led him to use a wheelchair. Irsay inherited control of the Colts from his father Bob Irsay in 1997—13 years after the franchise completed its relocation from Baltimore—and oversaw its 2008 move into Lucas Oil Stadium.
Futbin Capitalizes as EA Sports FC Softens Third-Party App Stance

1 month ago | sportico.com | Dan Bernstein

Video game information technology platform Futbin, a third-party business orbiting the popular EA Sports FC soccer franchise, has not always gotten along with publisher Electronic Arts. Futbin is an independent companion app for EA Sports FC’s Ultimate Team mode that offers accurate live market data on player card prices and interactive team-building visualizations, among other services.
CFTC Resignation Deepens Sports Prediction Market Uncertainty

1 month ago | sportico.com | Dan Bernstein

Commodity Futures Trading Commission (CFTC) commissioner Summer Mersinger announced Wednesday that she will step down from her post at the end of the month to lead the Blockchain Association, a pro-cryptocurrency lobbying group. Mersinger’s departure comes two years after she became a CFTC commissioner and three years before the end of her current term.