About this app
About Jesters Riches
The committee also heard from Brianne Doura-Schawohl, a nationally recognised problem gambling expert. One study cited by Doura-Schawohl found that 52% of Gen Z respondents include sports betting and prediction markets as part of their long-term financial plan.
She also criticised a Kalshi competitor for offering a function that allows minors over 17 to link an investment account with the ability to buy and sell event contracts. A former legislative director for the National Council on Problem Gambling, Doura-Schawohl described the opportunity as “very dangerous” for teenagers susceptible to harm.
Beyond Texas, Kalshi made history on Friday when it became the first prediction market to sign a partnership with a federally recognised sovereign nation.
What is Jesters Riches?
I’ll start with a story. Once I had a job I didn’t like. I was an affiliate manager at some jewelry company. I’m not a marketer. I’m a thinker, trader, investor, writer. I was there for two years, marketing. After two years I decided I had to move on because I hated marketing. I wanted to go into finance. So I submitted a financial article somewhere and it was accepted. Then on my birthday in 2012, I decided with my wife I was going to quit and focus on finance. That morning, we went out for a birthday breakfast. We share the same birthday. It makes things easier, more convenient. I was going to show up late to work after breakfast and then announce I would be leaving.
After breakfast, before I got in the office, I get a call from my manager. He tells me the company decided to close up shop suddenly so there is no need for me to show up. Well, that’s convenient. I showed up anyway, said goodbye to my friends there, and I went off home, a burden lifted from my shoulders.
Two years later, I see a post from my friend Robbie Strazynksi of CardPlayerLifestyle, about this guy Bill Beatty looking for a new financial writer for some gambling website called CalvinAyre.com. I said I was interested, didn’t know much about gambling, but I know about finance. I could swing it. Bill gave me a shot, trusted me, and in March 2014, I wrote my first article. Macau stocks were at all time highs, and I wrote that they were about to implode. They did, for the next two years. But not for the reason I thought.
What is Jesters Riches?
“That work is ongoing,” Bengtsson commented. “We had a very strong World Cup, which shows that our sportsbook can handle and can have the capacity to handle larger volumes.
“We’re very encouraged with the trajectory of that, but we’re still not where we want to be. But a lot of the work, or some of the work has been done, and we have a lot more planned for the rest of the year. So bear with us. It is happening.”
Bengtsson said the split between casino and sports betting for SunBet was roughly 90% to 10% in favour of casino, with Sun International “under-indexing on sportsbook”.
