When the CFO took the stand, he barely glanced at the bench. His jaw tightened, reflecting the gamble already underway in front of the Senate floor. The question that hung in the air was simple: Are these platforms putting profit over players?
Online sports betting has exploded since the pandemic opened a floodgate of new players. Millions flocked to play from home, turning loyalty into scores and screens into wallets. This surge has bled into prediction markets that let punters bet on everything from elections to weather, amplifying the industry’s profits.
Cheating scandals popped up last year, caught in the cross‑fire of a social media investigation. Allegations
