Smarkets

Can racing withstand the addition of yet another existential threat to the ever-expanding list of practices deemed harmful to our sport's health? Dennis Drazin, the chairman and chief executive officer of Darby Development LLC, which operates Monmouth Park, warned last week that the rising wave of prediction markets should be met with a greater sense of urgency and should be getting more scrutiny from racetrack operators and regulators. "I'm growing more and more concerned about the prediction market companies, such as Kalshi, Polymarket, and others that are now offering bets...