Top Sportsbooks Skip Massachusetts Betting Roundtable

Major Sportsbook Operators Didn’t Participate in a Crucial Meeting to Discuss Wager Limits

Sports Betting Dilemma

The Massachusetts Gaming Commission (MGC) held a meeting to discuss how sports betting companies can limit how much people wager.

Despite the significance of the event, no sportsbook operators participated, citing concerns about revealing proprietary risk management practices.

ps-logo-rounded Expert Pick: Subscribe below to get our Premium Insights!

Uncover Exclusive Picks & Predictions From Our Experts.

This absence has sparked debate about the balance between regulatory transparency and the protection of business secrets.

The Stakes for Operators

People who like betting online in Massachusetts are upset! They say sports betting companies are suddenly limiting how much they can wager, and they don’t even explain why.

The Massachusetts Gaming Commission (MGC) tried to get everyone together to talk about it – operators, regulators, and stakeholders to enhance transparency and establish fair practices.

Despite the importance of this issue, ten invited sportsbook operators, including major players like DraftKings, FanDuel, and Caesars, declined to participate.

Betting news reports that they requested private sessions instead, expressing concerns that public discussions could expose sensitive risk management strategies.

A FanDuel spokesperson shared the following, which they also shared with MGC: “We do not believe that we can have a meaningful discussion in a public forum about our wager limits and risk management processes. Risk management, similar to trading (i.e., setting prices) is a core part of our business and our value proposition as a sportsbook, and FanDuel must maintain confidentiality over our proprietary systems. We respectfully request the opportunity to meet privately in the Executive Session to discuss these matters and provide the level of information necessary to properly understand our approach.”

Sportsbooks set betting limits and adjust odds to make sure they stay profitable and don’t lose a ton of money if everyone bets on the same winning team. They figure out these limits and odds using fancy math and by keeping an eye on how people are betting.

These practices are often proprietary and developed through complex algorithms and market analysis. Operators fear that disclosing these methods in a public forum could compromise their competitive advantage and business integrity.

The Commission’s Perspective

The Massachusetts Gaming Commission (MGC) wants people who practice online gambling to feel safe and treated fairly.

They also want to work well with the sports betting companies. They think talking about these betting limits in public can help everyone understand how it works and build trust. Jordan Maynard, the interim chair of the MGC, says being open about things is important so they can address people’s concerns properly.

The refusal of operators to participate publicly was seen as a significant setback. Commissioner Nakisha Skinner expressed frustration, noting that the time of those who did appear was wasted. Another commissioner, Brad Hill, agreed and said it was a missed opportunity to learn more about how betting limits are set.

Sniper-PhotoAuthor: Sin City Sniper

Busting bookmakers and taking their money is his greatest joy in life. He’s been around the block more than once, knows the players both on and off the field of battle, and uses his experience to serve the bookies a heaping plate of humble pie washed down by a warm glass of their salty tears. You can find him in any number of Vegas books, sniping weak lines and getting paid to do it.

The opinions and view here expressed are the author’s own and do not necessarily reflect the view of Point Spreads or any of its affiliates. Point Spreads is not responsible and does not verify for accuracy any of the articles and content pieces included herein; moreover, besides being solely the opinion or views of the authors, these content pieces are not intended to malign any religion, ethnic group, club, organization, company, individual, anyone or anything.

Can’t get enough? Here’s more!

Inline Feedbacks
View all comments
Back to top button



NBA Finals
dallas mavericks
Dallas Mavericks
Boston Celtics
Boston Celtics
Sunday, June 23, 2024
Stanley Cup
edmonton oilers
Edmonton Oilers
Florida Panthers
Florida Panthers
Sunday, June 23, 2024
Submit your vote and view the results
Hey Again

vote all you can






Bet like a PRO!


Subscribe now and get Weekly Expert Free Picks