Steve Ruddock
Contributor at Gambling.com
EIC @GamingLawRev | Gambling industry analyst-consultant | Nominated for an award once... didn't win
Articles
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1 month ago |
straighttothepoint.substack.com | Steve Ruddock
"I feel like more has happened in US online poker in the last year than the prior 10." – Nick JonesIn this episode, I welcome back Nick Jones, co-founder of Poker Industry Pro and PokerFuse, to discuss the dynamic shifts in the US online poker landscape over the past year. Sponsor’s Message: Increase Operator Margins with EDGE Boost Today!EDGE Boost is the first dedicated bank account for bettors.
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1 month ago |
straighttothepoint.substack.com | Steve Ruddock
Does the CFTC's cancelled prediction markets roundtable reveal its resource constraints and regulatory challenges? Meanwhile, state gaming boards and sports leagues question its capacity to oversee sports betting effectively. THE LEDE: Is the CFTC capable of overseeing sports contracts? BEYOND the HEADLINE: More Kalshi news. ROUNDUP: Texas lottery courier update; Rhode Island online gambling age bill; Reads of the Week. NEWS: Kambi’s Festival of Sportsbook returns.
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1 month ago |
straighttothepoint.substack.com | Steve Ruddock
"I’m a big believer that the failures are what lead to the greatest successes… When you do hit five states in one year, everybody the next year all of a sudden has a little more pep in their step." ~ Jeremy KudonWhy hire Steve Ruddock? Over the years, Steve has advised startups, national gambling companies, government agencies, and investment banks on a wide variety of topics.
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2 months ago |
straighttothepoint.substack.com | Steve Ruddock
In this episode of the Talking Shop Podcast, Dustin Gouker, founder of Closing Line Consulting and publisher of The Closing Line and Event Horizon newsletters, returns to discuss the evolving landscape of the US gambling industry, focusing on the rise of prediction markets, particularly Kalshi’s sports event trading.
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2 months ago |
straighttothepoint.substack.com | Steve Ruddock
THE LEDE: How disruptive will predcition markets be? That’s up to the CFTC. BEYOND the HEADLINE: Trading volume vs. handle. ROUNDUP: PA iPoker update; MGC discusses limited bettors; Sweeps bans lose steam: Quote of the Week. NEWS: Hawaii sports betting bill moves to conference committee. VIEWS: Kansas lawmakers vote to prohibit sports betting license renewals. AROUND the WATERCOOLER: DC lawsuit isn’t as crazy as it sounds. STRAY THOUGHTS: A strong argument for online casinos.
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We covered a hell of a lot of ground in 20 minutes!
This week on LOW ROLLERS, @SteveRuddock joins us to weigh in on the casino "cannibalism" issue, the favorites in the downstate New York casino bidding, how the Illinois tax madness will impact the sports betting business, and more.
This is accurate
During an industry Q&A, I was recently asked "if the states can't regulate prediction markets, what's to prevent these markets from offering casino contracts?" My response: "Nothing." And I stand by that, at least for the duration of this administration.
As I've said all along, this is going to play out in the courts (tiny possibility in Congress), but how it gets to the SCOTUS is going to be a considerable factor. It looks like Kalshi has an open invitation to do as it pleases until then.
No one to stop them (thus far), and seems the only limiting factor is what the correct pace is for introducing these new products that minimizes blowback from the states Horse seems well clear of the barn at the moment
