Overview

• Commission analysis found bettors who consistently win are more likely to see lower stake limits, while frequent losers are more likely to have limits raised, affecting about 0.64% of accounts.
• Impacted customers often receive no notice or explanation, and commissioners signaled support for requiring operators to inform bettors when they are limited and why.
• Some limited accounts are cut to as low as 1% of a sportsbook’s default limit, and successful players are far less likely to receive VIP treatment than losing customers.
• Consultant Dustin Gouker urged policymakers to consider allowing exchanges and prediction markets as a structural fix, though an active state lawsuit challenges Kalshi’s model.
• Regulators warned operators could respond to strict limits with fewer markets, worse odds, or fewer promotions, and raised concerns that squeezing skilled bettors could push them back to illegal books.