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Politics
Republicans to Win Both House and Senate Moves From +550 to +1000 in Matter of Days
Wednesday September 23, 2026 (11:05 pm EDT)
From Dave Mason at BetOnline:
"Bad news if you were planning on cashing-in on President Trump's $5,000 pledge....The Republicans to win both the House and Senate has moved from +550 to +1000 over the last five days. This move despite a Republicans sweep being our biggest loss by far, between the four potential results:
DEMS win both -210
DEMS win House & REP win Senate +185
REP win both +1000
REP win House & DEMS win Senate +6500"
Prediction Markets
Kalshi Sports Bettors Lost $46.1M on Parlays Over Weekend
Wednesday September 23, 2026 (10:50 pm EDT)
Kalshi sports bettors lost $46.1M on parlays over the weekend. One 10-leg sports parlay at 0.3% odds generated $71.5M in “volume” while bettors staked just $219K. That's not financial innovation. That's sports gambling, plain and simple.
Kalshi sports bettors lost $46.1M on parlays over the weekend.
One 10-leg sports parlay at 0.3% odds generated $71.5M in “volume” while bettors staked just $219K.
That's not financial innovation. That's sports gambling, plain and simple.— Gambling is Not Investing (@EndBackdoorBets) September 22, 2026
Gambling News
Caesars Stockholders Approve $17.6 Billion Fertitta Buyout
Wednesday September 23, 2026 (10:52 am EDT)
Stockholders of Caesars Entertainment, Inc. voted to approve a merger agreement with Fertitta Gaming Holdco, LLC during a meeting Tuesday, according to a filing with the U.S. Securities and Exchange Commission. The vote took place at a special meeting at the Eldorado Resort & Casino in Reno. Tilman Fertitta’s plan to buy Caesars was announced back in May, and valued at $17.6 billion. Fertitta would also plan to inherit nearly $12 billion in debt from Caesars.
Gambling News
Trump Social Media Firm Co-Founder Accused of Gambling $29m of Company Cash on Slots
Wednesday September 23, 2026 (10:37 am EDT)
Digital firm X Strategies is suing its co-founder Derek Utley for allegedly embezzling at least $5 million from the company. The lawsuit claims Utley spent $3 million of the stolen funds on slot machines at a single casino in 2025 and used the rest to fund a lavish lifestyle.
Gambling News (Bulgaria)
Bulgaria PM to Open Consultations on Gambling Overhaul
Wednesday September 23, 2026 (10:37 am EDT)
Bulgaria’s ruling party is preparing to launch a public consultation on amendments to the Gambling Act, which will see more restrictions being placed on advertising. Speaking at the latest Council of Ministers meeting, Prime Minister Roumen Radev informed the media that the texts will be published today (23 September), which will include a “practically full ban of gambling promotions”. (source: SBC News)
Prediction Markets
Kalshi Asks CFTC to Allow Margin Trading on its Platform, Letting Users Buy With Borrowed Funds
Wednesday September 23, 2026 (10:37 am EDT)
Kalshi is seeking approval from federal regulators to allow some traders to use leverage on its prediction markets. If approved, only certain traders will have access to marginable event contracts, the company told CNBC. It also won’t feature leverage on its sports, culture and “mention” markets. Currently, all regulated U.S. event contracts are entirely collateralized, and leverage is seen as a feature needed to attract more institutional liquidity to the exchanges. (source: CNBC)
Poker News
ACR Poker CEO Issues Statement Regarding Rakeback Requirement for Requesting Payout
Wednesday September 23, 2026 (10:25 am EDT)
Yesterday, ACR Poker CEO Phil Nagy confirmed that a customer was provided wrong information by representatives as to the ACR Poker 10 percent poker rake withdrawal policy. As noted by Gambling911.com, that policy was definitely in place as of two weeks ago when we happened to conduct a routine check of company policy. A further investigation revealed that the policy was in effect as far back as four years ago when players on Reddit had made mention of it. At the time, other Redditors defended the policy as being routine across the industry. Nagy explained that the policy only applies to the initial deposit and not on winnings and that the affected customer has since been paid. He also noted that this policy is in place to prevent money laundering. Furthermore, he disputed any suggestion that ACR Poker is having any type of liquidity problems. There is no evidence of this and he emphasized in a released statement "This (matter) is not a liquidity issue, and ACR is not refusing to pay this player". A number of players stepped up to defend ACR Poker and its fast payouts.
Statement From ACR Poker CEO Phil Nagy:
I've been following the discussion around ACR's sportsbook and withdrawals, and I want to clear up several things directly.
First, ACR does not have a liquidity problem. We have a long history of paying our players, and nothing about this situation changes that.
ACR is, first and foremost, a poker company. Sportsbook, Casino and our other products are secondary services we offer to our poker customers.
For a long time, ACR has required players to generate poker rake equal to 10% of their deposits before withdrawing. That requirement exists in part because we're a poker-first business, and it also helps prevent our platform from being used simply as a vehicle for moving money in and immediately back out.
After experiencing significant coordinated professional sportsbook activity, including organized betting syndicates using ACR primarily as a standalone sportsbook, we extended that requirement across our auxiliary products.
I also need to acknowledge where we got this wrong in the case currently being discussed.
Some of our Customer Service representatives misunderstood how the requirement should be calculated and gave the player an incorrect figure based on his sportsbook winnings. That was wrong.
The requirement is based on 10% of the player's deposits — not 10% of his winnings.
I apologize to the player for the incorrect information and the confusion our communication caused. That's on us, and we're addressing it internally so our teams communicate this policy clearly and consistently going forward.
What has never been communicated to this player is that ACR will not pay him. We will.
The same published requirement applies here: the player must generate poker rake equal to 10% of the applicable deposit amount. Once that requirement and our normal account requirements are satisfied, his withdrawal can be processed.
We understand that some people may disagree with that policy. That's fair. But disagreement with a withdrawal requirement is very different from ACR being unable or unwilling to pay its players.
We're also reviewing the wording across our Terms & Conditions, help materials and Customer Service procedures so that there is no ambiguity about what is required, how it is calculated or when it applies.
We should have communicated this particular case better from the beginning, and I apologize for that. But to be absolutely clear: this is not a liquidity issue, and ACR is not refusing to pay this player.
Phil Nagy
CEO, ACR Poker
Gambling Crime
Alleged Sports Betting Ringleader Gets Winning Hand in Court
Tuesday September 22, 2026 (10:06 pm EDT)
On Tuesday in federal court, a Northwest Indiana alleged sports betting ringleader, nicknamed Jimmy the Greek, James Gerodemo had a winning hand. U.S. District Court Judge Andrew Rodovich decided the alleged extortion plot didn't seem to be a public threat, and after Gerodemos and his family members all surrender their passports, he can be released on $5 million home confinement until trial. "We'll be back in a few days to get Jimmy's release finalized,” said Gerodemos’ attorney after court. “Then we'll get him home, and then we'll wait for the discovery, and we'll fight the case."
- Chris Costigan, Gambling911.com Publisher
