sports betting

Why people keep betting, even when the odds are against them, and what can be done about it.

One ProPublica reporter put that question to the test by purposely going off the deep end with his sports betting. Here’s what he learned.

Prediction markets are regulated by the federal Commodities Futures Trading Commission, even in states that don’t allow gambling. That could spark a legal battle to define an industry with little oversight in fields from sports to national security.

Manipulation is a big problem in sports betting. Prediction markets could be even worse. So far, the industry has largely been making up the rules as it goes.

When sports betting started popping up on prediction market sites, companies like DraftKings and FanDuel felt they had to respond in kind.

Sports on prediction markets are not subject to regulation from state sports betting authorities, but that could change.

Experts say the lag in betting on women’s sports is a missed opportunity.

Same-game parlays are growing in popularity among casual sports bettors. The payouts are bigger, but odds are longer, so sports books are happy to take the bet.

Forty percent of Americans now say they bet on sports.

Ticket prices rose 10.3% in the last year. The seats are plush, the resale market has grown and dynamic pricing extracts more money from fans.