Source: Common Sense
by Paul Jacob
“Casinos compete with online prediction markets. One way to compete is just to compete. If some of your casino customers are drifting to online betting, find ways to make the in-person experience more appealing. Improve advertising. Jigger the odds ever-so-slightly more in favor of players. Increase the dollar value of wins. Etc. We might call this the economic means of competition. The other way to compete? Deploy the political means: cajole government to bludgeon competitors. Thus the American Gaming Association, which represents casinos, would like the federal government to do something to impede online prediction markets — the trading of contracts about what’s going to happen in sports and otherwise on platforms like Kalshi and Polymarket.” (07/15/26)
https://thisiscommonsense.org/2026/07/15/bet-on-rigging-the-games/