Circa Sports owner Derek Stevens calls prediction markets pirates and thieves
Regulation · SectorWire deskSource published
Summary
Circa Sports owner Derek Stevens called prediction markets "pirates" and "thieves" in a published report on Tuesday. He said platforms such as Kalshi and Polymarket avoid fees that Circa pays, and that prediction markets took handle from Circa's low-hold model. Circa plans to begin operating in Arizona in January 2027, subject to change.
Why it matters
Operators paying gaming taxes and league data fees face a cost disadvantage if prediction markets avoid those charges, Stevens argues.
Cite as: SectorWire, “Circa Sports owner Derek Stevens calls prediction markets pirates and thieves”, 12 August 2026, https://sectorwire.news/item/circa-sports-owner-derek-stevens-calls-prediction-markets-pirates-and/