Bitsize Digest
Investing, Personal Finance & Life
Food for Thought
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The House Edge – New York Federal Judge blocks Kalshi
THE LEAD Prediction markets: Kalshi lost in New York, where a federal judge rejected its core preemption theory on the merits for the first time. Deals: Icahn’s $33 rival bid surfaced against Fertitta’s $31 Caesars deal just as the go-shop closed, while an Icahn-linked director quietly left the board. Gray market: Indiana and Iowa’s sweepstakes… Read more
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The House Edge — Michigan blocks Kalshi Sports Contract
PM legal war reaches a structural threshold. Macau June GGR -12% YoY vs. a bullish CLSA demand survey. DraftKings launches its own PM exchange as Kalshi raises at $40B. Plus: Bally’s three-front pressure, NYC casino table, and a new European section. Read more
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The House Edge – Regulatory Pressure Heats Up in Prediction Markets
What the house knows. Occasionally. Issue #04 | June 21, 2026 THE LEAD At the Jefferies Nantucket Consumer Conference this week, DraftKings, Flutter, and RSI all told the same story: World Cup is fine, but the NFL season is the buildout they’re actually racing toward. DraftKings wants “additional prediction-related updates” before September. Flutter is trying… Read more
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The House Edge #3 | June 13, 2026
What the house knows. Occasionally. Issue #03 | June 13, 2026 THE LEAD The CFTC draws the line — and most of prediction markets lands on the legal side On Wednesday, the CFTC dropped its 267-page NPRM on prediction markets. Most concrete regulatory signal the industry has received. Market reaction told you almost everything: DraftKings… Read more
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The House Edge | Issue #2
What the house knows. Occasionally. Issue #02 | June 6, 2026 THE LEAD Two deals, $35B+, one week: US public gaming is being taken private. Fertitta Entertainment agreed on May 28 to buy Caesars for $17.6B ($31/share, 49% premium, $11.9B debt assumed) — the largest casino acquisition in US history. Four days later, People Inc.… Read more
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The House Edge
What the house knows. Weekly. Issue #01 | June 1, 2026 The Lead Minnesota became the first US state to make operating prediction markets a felony when Gov. Tim Walz (D-MN) signed SF4760 on May 18. Within days, both Kalshi and the CFTC filed separate lawsuits to block it — the same week Kalshi closed… Read more