Trump Jr Says BACK OFF • American Odds Shift • Sharps Go Dark | Circle Back | Presented by ProphetX

This week on Circle Back, host Jacob Gramegna is joined by Porter, Isaac Rose-Berman, and Shipper to break down three stories shaking up the prediction markets and sports betting world. The crew dives into a New York Times report that Donald Trump Jr. privately urged a room of Republican state attorneys general to back off regulating prediction markets, arguing that state pushback was being driven by gambling companies protecting their own turf rather than genuine consumer concerns. The panel unpacks what this closed-door pitch means for the ongoing battle between state and federal oversight of the industry, and why prediction markets have become such a political flashpoint heading into the fall.

From there, the conversation shifts to a major shift in how prediction markets present their pricing, as platforms move away from familiar American-odds formatting toward straight percentages, a change that's got bettors adjusting their mental math and wondering if more platforms will follow. The show wraps with a look at sharp originators pulling their models and ratings out of public view, as some of the most respected names in the space decide their edge is too valuable to keep sharing for free, and what that shift could mean for bettors who've relied on that public data for years.

This episode also marks the final edition of Circle Back Thursday. After more than a year on the air, this is the last time the show will run in this Thursday slot, though Circle Back Monday continues as normal and new content is on the way to fill the Friday spot.

🟢 Sponsored by ProphetX, America's #1 Sports Prediction Market. Sign up with promo code CIRCLESOFF — Trade $10, get $20: https://www.prophetx.co/

🔵 Scale with Betstamp PRO → https://bit.ly/3QIPbFW

LINKS

🎮 Join The Hammer's Discord: https://discord.gg/hammer

✉️ Sign up for our newsletter: https://kirknewsletter.thehammer.bet/

🔨 The Hammer Betting Network: https://thehammer.bet/

SOCIALS

🔵 Circles Off on Twitter - https://x.com/CirclesOffHQ

⬛️ Circles Off on TikTok - https://www.tiktok.com/@circlesoffhq