LSR Ep. 265 - Robinhood Launches March Madness Predictions With Kalshi

LSR Ep. 265 - Robinhood Launches March Madness Predictions With Kalshi

Author: Legal Sports Report March 20, 2025 Duration: 42:39
In this episode of the LSR podcast, hosts Matt Brown, Pat Evans, and Sam McQuillan discuss the latest developments in the sports betting industry, particularly in light of March Madness. They explore the partnership between Robinhood and Kalshi, the complexities surrounding collegiate sports betting, and the ongoing legal challenges faced by sweepstakes operators. The conversation also touches on the struggles of Penn and ESPN's partnership, as well as a state-by-state roundup of sports betting legislation, highlighting Minnesota, Hawaii, Ohio, and Texas. In this conversation, the speakers discuss the evolving landscape of fantasy sports, particularly focusing on Underdog's regulatory challenges and strategic decisions. They explore the competitive dynamics within the industry, the excitement surrounding March Madness, and the implications of NIL (Name, Image, Likeness) on college basketball.

00:00 Sports Betting News Today
00:35 Robinhood & Kalshi March Madness marriage
06:18 Reminder: 23 states have some sort of betting restrictions
16:46 States take aim at Sweeps Casinos
19:48 Penn scrutiny continues 22:55 State Roundup
26:38 Underdog exits NY…for now at least
33:34 WHO WE ROOTING FOR TO CUT DOWN THE NETS???

Join us today on the Legal Sports Report podcast for the latest Sports Betting news and updates. At LSR we cover the latest sports betting news with expert analysis of the most important stories in the legal sports betting and daily fantasy businesses in the United States and Canada.

For the most current US legal sports betting news visit: https://legalsportsreport.com/news

L E T ' S C O N N E C T:
LegalSportsReport: https://x.com/LSPReport

Want to know the status of sports betting in your state? Legal Sports Report tracks sports betting legislation across the country here: https://www.legalsportsreport.com/sportsbetting-bill-tracker

Keeping track of the rapidly changing world of legal sports wagering in the United States can feel like a full-time job. That’s where the team at Legal Sports Report comes in. Each episode of the LSR Sports Betting & News Podcast serves as your direct line to the experts who are parsing the latest developments, from major legislative pushes in state capitals to the business moves shaping the market. You’ll hear clear analysis of complex stories and conversations with the people directly involved-lawmakers, regulators, and industry insiders-who explain what new laws and partnerships actually mean for the future of betting. This isn't just surface-level news recap; it's a deep dive into the mechanics and politics of an industry being built in real time. Tuning into this podcast is the most efficient way to understand not just where sports betting is legal today, but where it's headed next and why. For anyone with a professional or passionate interest in this space, the insights from Legal Sports Report provide essential context that turns weekly headlines into a coherent narrative.
Author: Language: English Episodes: 100

LSR Sports Betting & News Podcast
Podcast Episodes
LSR Podcast Ep. 202 - ESPN, The Worldwide Leader In Bets [not-audio_url] [/not-audio_url]

Duration: 40:05
ESPN ended years of speculation about its sports betting future by announcing a partnership with PENN Entertainment for ESPN BET. The deal not only brings the global media brand into the US sports betting market, but it…
LSR Podcast Ep. 201 - Stop! Drop The Props! [not-audio_url] [/not-audio_url]

Duration: 45:12
Fantasy sports companies offering prop-style products are facing a fresh wave of scrutiny from state gaming regulators who compare the products to sports betting. Also, what's going on with the Iowa college betting inves…
LSR Podcast Ep. 200 - The Prodigal Son Returns [not-audio_url] [/not-audio_url]

Duration: 51:08
Former LSR reporter and Eilers & Krejcik analyst Brad Allen joins the crew to recap the past few weeks of news and look forward to the future of the US market. What the PointsBet acquisition means for Fanatics (3:03), th…
LSR Podcast Ep. 199 - PointsBet Becomes The Prettiest Girl At School [not-audio_url] [/not-audio_url]

Duration: 43:45
Just when it looked like Fanatics would buy PointsBet, DraftKings came in with a bigger offer. The crew talks about how the competition will play out, plus Ontario looking at betting sports betting ads (14:39), a Congres…
LSR Podcast Ep.197 - One NFL Betting Situation Is Not Like The Other [not-audio_url] [/not-audio_url]

Duration: 30:01
An Indianapolis Colts player allegedly placed dozens of bets on NFL games, but the crew says to be careful lumping together all football betting issues. Also, when Can't Lose definitely loses (10:16), how North Carolina…
LSR Podcast Ep. 195 - Raise Your Hand If You Play Fantasy Football [not-audio_url] [/not-audio_url]

Duration: 26:33
A new study sheds light on how many young people participate in some kind of gaming activity, and it should be read closely to understand what it means. Plus, Fanatics pulls a marketing offer (10:52), new info about a Dr…
LSR Podcast Ep. 193 - Messing With Sports Betting In Texas [not-audio_url] [/not-audio_url]

Duration: 20:10
The Texas House passes a sports betting resolution right before the podcast records and the crew talks about what it could mean for the future in the Lone Star State. Plus, rumors grow of an imminent PointsBet sale (6:59…