Dossier
sportsbook
Coverage of sportsbook in the Nexus archive.
- Kalshi Not Running 'a Casino' Says Head of Enforcement
Robert DeNault, Kalshi's head of enforcement and legal counsel, responded to a lawsuit from New York State, stating concerns about overreach by Attorney General Letitia James's office. He defended Kalshi's operations as open marketplaces, not a casino or sportsbook.
- Knicks bettor wins $1.1M as sportsbook takes massive hit on ladder strategy
An anonymous bettor won $1.1 million by wagering heavily on the Knicks, causing a sportsbook to suffer significant losses due to a ladder strategy. The bettor's success highlights the risks sportsbooks face with high-stakes betting strategies.