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Ray Paulick Wants To Bet A Billion Dollars. First, Tell Us Who Answered The Questions.

POSTED: September 11, 2026

I have been gambling for most of my life. I have made bets when I thought I had the nuts, made bets when I knew...

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Investigate HISA. Fine. Just Don't Stop There. We Meant Everybody.

POSTED: September 10, 2026

When Churchill Downs asked the Federal Trade Commission to investigate HISA, I wrote that I had no problem with it. Investigate HISA. Investigate HIWU. Investigate...

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The Belmont Stakes Isn't Broken. Don't Fix It.

POSTED: September 8, 2026

First The Triple Crown, Now The Belmont Stakes, The Former Test of Champions, Morto I knew this was coming. I wanted to be wrong, but...

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CAW Handle Fell. Retail Handle Rose. Saratoga Set a Record. But What Exactly Are We Counting?

POSTED: September 8, 2026

For years, horseplayers who questioned computer assisted wagering have been given essentially the same warning. Be careful what you wish for. CAW represents too much...

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PTW SEC Round Up: LSU Is Back, The Big Ten Sucks

POSTED: September 8, 2026

Recapping the week that was in SEC football Kevin Gazzale Week 1 is in the books and boy was it a doozy. I personally started...

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A Bet Is Locked. A Position Is Traded. Did the Ninth Circuit Ask the Wrong Question?

POSTED: September 2, 2026

The latest appellate blow to Kalshi was significant. There is no reason to minimize it, spin it or pretend otherwise. On August 28, 2026, the...

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Something Happened That Sunday. Now We Know More. Somehow, We Have More Questions.

POSTED: September 1, 2026

When we first wrote “Something Happened Sunday,” the title was deliberate. Something happened. We knew that much. What we did not know was exactly what...

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Churchill Downs Wants HISA Investigated. Fine. Just Don’t Stop There.

POSTED: August 31, 2026

Churchill Downs Incorporated wants the Federal Trade Commission to conduct an independent review of HISA. Fine. Actually, more than fine. I am all for it....

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A Bet By Any Other Name: Prediction Markets Just Got Their Supreme Court Problem

POSTED: August 30, 2026

A Blow to the Prediction Markets, Follow That Money and Where it Goes There are certain places where irony is simply too good to ignore....

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