Michele Fischer

So-called prediction markets have become all the rage across a wide swath of topics, from election results to gas prices to the amount of snowfall might occur in a given place. The Kentucky Derby and horse racing at large? That topic was the subject of a panel entitled 'Prediction Markets and Wagering: An Emerging Threat To Horse Racing and Interstate Horseracing Act Revenue' during Thursday's session of the National HBPA Conference at Oaklawn Park. Speakers agreed that prediction markets have the ability to dwarf even sports betting in America. The...

Fixed-odds horse racing wagering has been approved in Colorado. The deal was forged between SIS Content Services, part of the SIS (Sports Information Services) Group, and long-time operator partner bet365 to deliver its global horse racing content to bettors in Colorado. The approval of horse racing fixed-odds wagering on Colorado sportsbooks is intended to attract a wider range of casual bettors, who will be offered the same type of betting as all other sports. SIS offers a horse racing vast portfolio of international and domestic events, including the upcoming Saudi...

HOT SPRINGS, Ark.--Dave Basler sees betting on table tennis in Asia and envisions it being replaced with horse racing in America's burgeoning sports books. "We can fill that void a lot of times during the day so that they don't have to play table tennis from China or cricket from Australia--things that people have no idea about," Basler, the executive director of the Ohio HBPA, said Thursday during a morning session of the National HBPA Conference at Oaklawn Racing Casino Resort. "That's not just attractive to sports books, that's attractive...