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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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What Does The Jockey Club Statement Actually Say

POSTED: August 27, 2026

When They Show You Who They Are, Believe Them There are moments when an industry tells you exactly who it is. Not necessarily by what...

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KENTUCKY ASKED FOR A HEARING. THEN IGNORED THE ANSWER.

POSTED: August 26, 2026

Maria Borell Seeks and Gets Denied a License I am not a lawyer. I do not play one on television, on social media, or here...

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A Horse of a Different Color

POSTED: August 25, 2026

I have always loved a good caper. The more elaborate, the more moving parts, the more angles and nuances, the better. When it involves my...

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Veterinary Records: Should They be Public

POSTED: August 23, 2026

Vet Records: Who Should and Who Shouldn't See Them Should Veterinary records be Public, not as easy a question as one may think. " Do...

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Marshall Gramm, HISA and the Rush to Hang the Wrong Person

POSTED: August 20, 2026

The Timeline Nobody Wants to Handicap Did Anyone hear Anything About a Venezuelan Betting Coup? I hate piling on. I hate it even more when...

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