Overview
- State analysis found operators alter stake limits for about 0.64% of accounts, with 12.7% of limited users cut to 1% of the default stake and 82.4% reduced to 49% or less.
- Commission staff reported that bettors who consistently beat the closing line are more likely to be restricted, while those who do not are more likely to see higher limits and VIP treatment.
- Commissioners cited fairness concerns over bettors receiving little to no notice or explanation and flagged algorithm-driven decisions, suggesting more human review of limits.
- No timetable was set, and the commission plans to seek operator feedback as it weighs measures such as required notifications, potential minimum bet standards, and advertising guidance.
- Consultant Dustin Gouker warned operators would likely respond with fewer markets, worse odds, or fewer promotions and urged lawmakers to allow exchanges and prediction markets, as the AG’s lawsuit against Kalshi proceeds.