Contributor

Marcus DiNitto

Marcus DiNitto was a contributor to DeFi Rate. He is a writer, editor and entrepreneur based in Charlotte, North Carolina. He has covered sports business, gambling and finance since 1998 for a variety of media outlets including Sports Business Journal, The Business Journals. Sporting News and Gaming Today.

Focus Areas

Journalist

Background

Marcus DiNitto is a writer, editor and entrepreneur based in Charlotte, North Carolina. He has covered sports business, gambling and finance since 1998 for a variety of media outlets including Sports Business Journal, The Business Journals. Sporting News and Gaming Today.

Experience

Journalist
20

Recent Articles

Mike Selig was pressed by Democratic Senators about the legality of sports event contracts.
Regulation & Policy
Mike Selig: CFTC Will Lean on Courts To Determine If Sports Event Contracts Are Gambling
Democratic Senators pressed Mike Selig, President Trump’s nomination as the next head of the Commodity Future Trading Commission, about sports event contracts during a hearing before the Agriculture, Nutrition and Forestry Committee today. Selig’s responses were consistent: As CFTC chair, he will rely on the courts to determine the legality of prediction markets offering products […]
November 19, 2025
Some pro bettors plan to choose prediction markets over sportsbooks in 2026.
Featured News and Analysis
Will Gambling Tax Deduction Cap Spur Migration To Prediction Markets?
Unless it’s repealed, a new tax provision capping the losses gamblers can deduct at 90% takes effect on Jan. 1, 2026. Meanwhile, prediction markets are rising in prominence. A potential result of this dynamic: A migration of big gamblers — professionals and whales, alike — from regulated sportsbooks to prediction markets in the new year. […]
November 19, 2025
Kalshi prediction markets are now available on the PrizePicks app.
Industry
PrizePicks Adds Kalshi Deal To Just-Announced Polymarket Partnership
Just days after announcing a deal with Polymarket, PrizePicks has launched prediction markets through a partnership with Kalshi, Polymarket’s main adversary. Kalshi prediction markets are now available on the PrizePicks app. The move puts PrizePicks, dominant in the pick ‘em-style DFS space, closer to “sportsbook” territory. In some states, the PrizePicks app now includes “Team […]
November 14, 2025
Massachusetts gaming regulators warn sportsbooks not to offer sports event contracts.
Regulation & Policy
Massachusetts Issues Stern Warning To Sportsbooks About Prediction Market Plans
Massachusetts has become the latest to state to warn sports betting licensees about getting too deep into the prediction markets business. In a letter to operators, Massachusetts Gaming Commission executive director Dean Serpa writes, “Please accept this letter as notice that you are prohibited from offering sports-related event contracts in Massachusetts, directly or via an […]
November 13, 2025
FanDuel's prediction markets entry puts all 50 states in play.
Featured News and Analysis
Sports Event Contracts Included In FanDuel/CME Group’s Prediction Markets Play
FanDuel’s move into prediction markets is official, as Flutter Entertainment, the sports betting operator’s parent company, and CME Group have announced the launch of the FanDuel Predicts app. Sports event contracts will be offered on the stand-alone app in states where sports betting is not yet legal, according the press release. Sports markets will not […]
November 12, 2025