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Markets Score 35 Neutral

Online Sports Gambling Enters a New Era as Regulation Struggles to Keep Pace

Apr 01, 2026 21:52 UTC
CASH, iGAMING, SPORTS
Medium term

Danny Funt, author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling,' highlights the rapid evolution of online sports betting and its implications for regulators and the sports industry.

  • Online sports betting has evolved rapidly over the last decade, outpacing regulatory efforts.
  • Sports leagues have shifted from opposing to embracing gambling due to its potential to revitalize media deals and generate revenue.
  • Prediction markets are rising, prompting regulators to question definitions of gambling.
  • Regulatory uncertainty is affecting operators and consumers in the entertainment and technology sectors.
  • The need for a balanced regulatory approach is becoming increasingly evident.

Danny Funt, author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling,' has described the current state of online sports betting as a 'whole new ballgame.' In an interview, Funt emphasized how the ability to place thousands of real-time bets 24/7 has transformed the landscape over the past decade, outpacing regulatory efforts to oversee sportsbooks. The shift has created a dynamic environment where both opportunities and challenges are emerging for stakeholders. Funt noted that sports leagues initially opposed betting but later embraced it after realizing its potential to revitalize struggling media deals and generate significant revenue for major sports. The author also discussed the rapid rise of prediction markets, which are now prompting regulators to reconsider definitions of what constitutes gambling. As the industry continues to evolve, the lack of clear regulatory frameworks is creating uncertainty for operators and consumers alike. The impact is being felt across the entertainment and technology sectors, with companies adapting to new market demands and regulatory questions. Funt's insights underscore the need for a balanced approach to regulation that can address the complexities of modern sports betting while protecting consumers and ensuring fair practices.

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