QUOTABLES QUOTABLES “This reveals a stark reality often overlooked by national regulators: illegal gambling markets are frequently larger than officially estimated . . . . This case exemplifies a common regulatory blind spot, where initial measurement methods significantly underestimate illegal gambling activity until more sophisticated analysis reveals the true scale of the black market’s presence.” —Hermann Pamminger, Secretary General of the European Casino Association, after the KSA reported that while H1 2024 GGR grew 6% year-over-year, H2 saw a 10% year-over-year drop, with new deposit limits in October cited as a contributing factor. “This is not just about considerable economic damage. If legal sports betting offers cannot be used by customers from Germany on a Bundesliga Saturday, the illegal betting providers, who are very happy to accept new customers and deposits, will benefit first and foremost. There is no player protection in the black market. The German tax authorities are also left empty-handed.” —Mathias Dahms, President of the German Sports Betting Association, after a 10-hour sports betting outage in Germany on a Saturday in March. “I want to make clear that this bill isn’t about opening a new revenue source for the government. It isn’t a cash grab, and we’re not looking to create new gamblers in Alberta. If you don’t gamble today, please don’t start tomorrow. That is not the purpose of this. We know gambling will never be safe, but there are ways to make it safer and more responsible. That’s what we aim to do.” —Dale Nally, Minister of Service Alberta and Red Tape Reduction, after the Canadian province released a bill that would allow private companies to operate online casinos and sportsbooks within the province. “This two-way dynamic — where the event drives market activity and the market drives deeper engagement with the event — is just getting started. We are seeing the birth of a new feedback loop between watching and trading. Prediction markets are the future of news, including sports news.” —Tarek Mansour, CEO of Kalshi, after announcing the financial exchange saw over $86 million in trades during the weekend of the Masters golf tournament, more than three times than the Super Bowl. GPWAtimes.org 10
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