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00:00Those of you who have not paid to watch the National Football League on the Red Zone or somewhere else, you may have used a company that was illegal, shame on you, called Stream East, very popular streaming organization for years.
00:13In fact, they're probably the world's biggest illegal sports streaming platform.
00:18They've been shut down after a year-long investigation, according to the United States Anti-Piracy Organization, 80 unauthorized domains generating 1.6 combined visits over the past year.
00:31An operation alongside Egyptian lawmakers and enforcement officials took place on Sunday, and they shut down Stream East.
00:38So what does that mean?
00:38It means they were operating, I guess, out of Egypt for all of these years.
00:41You're going to have to find somewhere else to get your free TV, but hopefully you're paying, like me and everybody else.
00:48All right.
00:48Now, sports betting in the state of Texas takes a pretty big hit.
00:53Lieutenant Governor Dan Patrick is back for another four-year term.
00:56It was announced yesterday, which could potentially prolong this stalemate over casino gambling and sports betting.
01:03Dan Patrick controls the bills that reach the Senate floor, and he's always said,
01:07No sports betting will happen under my watch in Dallas, Texas.
01:12We'll see if that happens throughout the state of Texas and Houston and everywhere else.
01:15NFLPA interim boss David White says,
01:18Not so fast on an 18-game schedule next season.
01:21The interim director of the NFL Players Association told the Associated Press there have been no conversations with the league about expanding to 18 games.
01:30They increased to 17 back in 2021.
01:33Bad news for the New York Jets.
01:35Their guard, Elijah Vera Tucker, suffered an arm injury.
01:38He may need surgery.
01:40He's not going to play this week against the Pittsburgh Steelers.
01:43The Buccaneers announced some long-term extensions.
01:46Luke Gattucki, a four-year, $90 million extension.
01:49And they signed, of course, Tristan Wirth last season.
01:51So they've locked up some great offensive linemen going into the season.
01:55The new AP Top 25 poll is out in college football.
01:59The number one team in the country, it's got to be Ohio State.
02:03They took out Texas, so they moved to number one.
02:06Texas moves to number seven.
02:08Florida State was unranked, but after their win over Alabama, they're now ranked 14th in the country, as you can see there.
02:15And Alabama goes from number eight to number 21.
02:18Two teams inside the Top 25, Michigan and Oklahoma, will take on each other this weekend.
02:24So there'll be some movement next week as well.
02:25By the way, there are college athletes who are suing the NCAA to extend eligibility to five seasons.
02:31They're from Vanderbilt.
02:33They're amongst ten athletes suing the NCAA to force the association to allow athletes to compete in five seasons rather than four.
02:40Certainly, this would be groundbreaking, including getting more money for college athletes for five years as opposed to four as well.
02:46Big news for Wisconsin, the Badgers lost their quarterback, Billy Edwards, and he's not going to play this week against Middle Tennessee.
02:54And also, Iowa's great running back, Kamari Moulton, has been ruled out in that showdown against Iowa State on Saturday.
03:01Big shoulder injury for him as well.
03:03In Major League Baseball, an injury to talk about.
03:05No doubt, one of the bigger ones to the Boston Red Sox is losing their star outfielder and young prospect, Roman Anthony, who they expect to be with the team forever and ever.
03:16After that signing, that long-term contract, he's undergoing an MRI on his oblique, which could sideline him for the rest of the regular season in Major League Baseball.
03:26That would hurt Boston's playoff hopes.
03:28And Anthony told reporters afterward it happened on a check swing.
03:31Uh, no. Felt it today on the check swing. Uh, the pitch before, I swung a miss for a strikeout. And, uh, yeah, just pretty sudden.
03:40What's your concern level right now?
03:42Um, I'm not really sure. Um, I'll see you tomorrow after the MRI.
03:48Have you ever experienced oblique issues before?
03:51Uh, no. I have not.
03:54In terms of severity, is this different than, you know, like you got scratched for the lower back already over the season?
04:00Is this comparable in terms of discomfort or is it pretty clearly a separate?
04:03Uh, yeah. This is, this is definitely worse, um, in terms of the way it feels. Um, but, you know, that's right now.
04:10And, and I just, again, have to reevaluate where I'm at tomorrow and, and, uh, you know, see where we are with, when the MRI comes back.
04:18At least a 10-day eye out, probably.
04:20Um, I don't know. I wish I knew. I haven't dealt with something like this before, so, um, I'd be lying if I said I knew.
04:27But, um, again, you know, we'll know in the morning, I'm sure.
04:32Disappointing is it to suffer even a minor issue right now at a time like this, at this point in the year?
04:38Yeah, it sucks. I, I, you know, hoping for the best and, and staying positive.
04:43But, um, anytime I'm not out there, I'm pretty pissed off. It sucks.
04:48Generally speaking, four to six weeks on Obliques.
04:51We'll see if that puts Anthony back in time for the postseason.
04:54The Red Sox did win yesterday 11-7 over the Cleveland Guardians.
04:58The Yankees also get a win, two home runs from Jazz Chisholm Jr.
05:03As they beat the Astros 7-1.
05:05Jazz has had a really nice season, especially surging since the All-Star break, says he stayed within himself.
05:11And that basically accounts for the current production.
05:15I feel like, I just feel like I stick to the plan, you know.
05:18Uh, my approach is the right way.
05:21And just having a good game plan and trusting my teammates on what they've seen before I got into the box.
05:26You mentioned that. How much did the scouting report from Grisham help you there in that eighth inning?
05:30Helped me in the first two.
05:32That's what I'm saying.
05:33I mean, I've been getting good, good, good scouting reports lately.
05:37Belly and Grish have been really good on that.
05:39Rice has been really good with that, too.
05:41But, I mean, those two, they really do give, like, perfect scouting reports.
05:46What did they tell you for that first home run there and that second inning?
05:48So, the first home run was more of you get him a little bit up and just push him up and take your normal swing,
05:55which they mean me personally, Jazz, take your swing, and you're going to hit a home run right field.
06:00And I was like, okay, let's see.
06:02So, the first pitch, I didn't get him up enough on the first pitch, and I fouled it back.
06:07And I was like, okay, I see what he was talking about.
06:10And then, for some reason, the other one was, like, right in the spot that he was talking about, and I just swung.
06:15Like, I didn't even think about, like, trying to pull it, trying to go opposite field.
06:18I just swung the bat like how I know how to swing the bat, and it was a homer.
06:22So, I mean, the scouting reports work.
06:26George Springer keeps the Blue Jays in first place with a couple of home runs yesterday.
06:31They outslugged the Reds 12-9.
06:33Seattle seems to be falling apart down the stretch.
06:35They lose to the Rays' final 6-5.
06:38Shohei Otani hit his 100th home run as a member of the Dodgers, but their bullpen falters.
06:43Five runs.
06:44They gave up to Pittsburgh.
06:45They lose 9-7.
06:46Orioles beat the Padres 6-3.
06:48The story for the Mets has been this young pitching prospect, Nolan McLean, who has come up and pitched great.
06:554-0, 1.37 earned run average.
06:58And after a tough first inning, came back to win Mets 12, Tigers 5.
07:02Here's McLean on after a slow start picking it up.
07:05Nolan, what was the adjustment that you and Louie were able to make after that first inning?
07:10Yeah, I think after the first inning, I noticed I wasn't throwing many off-speed pitches for strikes,
07:15especially bigger spin like sweepers and curveballs.
07:18And so we started to attack with some harder below pitches, four seams, two seams, even a change-up.
07:25Started to find its place there.
07:26What are your thoughts on, or I guess I should say, what is your confidence level on all six of your pitches?
07:33And, you know, how much does it allow you to kind of change the game plan on the fly when you've got that many weapons?
07:39Yeah, I mean, confidence is high.
07:41Started to lose confidence in the sweeper and curveball early just because I wasn't throwing it for strikes.
07:45And then once I got in a groove there, I figured I'd go back and try it again and ended up having them later in the game.
07:52Kyle Tucker has picked it up lately for the Chicago Cubs.
07:56Three-run home run, and the Cubs beat the Braves by a final of 4-3.
08:01Sam McQuillan is with us from Legal Sports Report to go over the very latest in the landscape of sports betting around the country and abroad.
08:08Let's bring in Sam and talk about the hot topic of the year, which has been the prediction markets, which essentially are companies that are offering ways to make predictions on sports.
08:19They don't call it sports betting.
08:21Underdog is now launching sports predictions as well through Crypto.com.
08:26They don't call it sports betting either, Sam.
08:28Eventually, someone's going to really check into this and say, is it sports betting or not?
08:31But for now, a welcome partnership with these two companies.
08:36Yeah, it's funny.
08:37On a show that's centered around sports betting, we sure talk about something that isn't sports betting quite a lot.
08:43And now you have Underdog, the latest company to announce it.
08:47It's going to get in the sports prediction market space through the partnership with Crypto.com.
08:51These are these prediction markets, which allow you to buy a proposition on an outcome, could be a spread on an NFL game.
08:59It's even marketed by a lot of the prediction markets as betting, but it's available in all 50 states right now.
09:05They have contended that they are under federal oversight and thus don't need to get gambling licenses.
09:11Underdog only has one sports book in North Carolina.
09:15So this is basically them saying they're going to do sports betting in all 50 states without needing to get a license.
09:21Now, not really surprised.
09:22This is the route that they've taken.
09:24Underdog has been the company that has gotten into a lot of states with, again, another product that's looked very similar to sports betting in these pick'em player prop style over under contests.
09:36And they had a lot of scrutiny and oversight over that.
09:40Almost two years ago now, they're jumping in with kind of the latest version of a workaround to sports betting, which has been popularized by companies like Kalshi, companies like Polymarket, and Crypto.com was offering their own version.
09:54So now they'll do it kind of facilitated through Underdog.
09:57The company came out and said that they're going to focus specifically on states where sports betting isn't legal, so not really hiding what they're doing here.
10:04They want to get into markets where there is no legal draft kings.
10:07There's no legal FanDuel option, and those are big states like Texas and California, which the sports betting industry, or if you live in that state, they've really pined to have a legal sports betting option there for years.
10:18So this is getting a product over to that state where people are very hungry for it and potentially doing it on a platform like Underdog instead of a platform like Kalshi or Robinhood.
10:26These are people who know sports gambling, know sports gambling products.
10:31They have familiarity with what users want here.
10:33They haven't been offering contracts on the election.
10:37They're now just getting into sports betting.
10:38So you could have a product that looks even more like sports betting in those states.
10:42And, of course, this comes as multiple states have sued to stop this from happening.
10:46But so far, the federal courts have sided with companies like Kalshi and other prediction markets saying that it's really up to the CFTC to figure this all out.
10:55And the CFTC has not figured it out.
10:57They haven't really done anything here, which, you know, the longer that happens, the more we're going to have companies like Underdog doing this, FanDuel potentially as well.
11:05So it's a space that just gets continued to be taken advantage of right now by these companies.
11:11And I wouldn't be surprised if we're talking about, you know, prize picks or somebody else doing something similar sometime soon.
11:17Yeah.
11:18As long as they continue to operate, why not would be my question if I was running these companies, too, until they tell me no.
11:24All right.
11:24So the state of Illinois adding surcharges and extra taxes on different sports betting operations here.
11:31So I guess it shouldn't be a surprise, Sam, that another sports betting operator in the state of Illinois is also going to add a little bit of a fee to their bets, too, to make sure they make up for some of the taxes.
11:44Yeah, Bet365 is the latest operator to say in response to Illinois' new sports betting tax of $0.25 per bet, which goes up to $0.50 per bet after an operator takes over $20 million in bets.
11:58Illinois is going to have all operators now passing that down, Bet365 being the latest.
12:03They're going to charge customers $0.25 per bet, FanDuel $0.50, DraftKings $0.25, some bets will be $0.50.
12:11And every other operator is going to charge a minimum bet amount as well.
12:14Folks like BetMGM, Circa is going to be $10.
12:16So you now have the first state ever where there is either an added fee on a bet or there is a minimum bet amount set.
12:25And that's in response to that per bet tax.
12:28So it's going to be really interesting to see what happens this NFL season.
12:31Illinois, you know, not just being the first state to do this, but it's a very, very large state.
12:35They're about top five in sports betting handle usually every year.
12:39So the operators have responded by, you know, adding these fees, which, you know, if you look around online or talk to anybody in Illinois, most customers are not happy with.
12:48They do have the option to get rid of it.
12:50The state does if it's not going well, but that remains to be seen.
12:54We'll have to see how this plays out this NFL season.
12:56It's supposed to generate $36 million in extra tax revenue.
13:00But, of course, that is if people keep betting the way they've been betting, if this leads to a scenario where people are using offshore sports books more, not betting as much, I don't think it will happen.
13:12I think largely people will just kind of take the hit and move on, complain and kind of forget that it exists.
13:18But it'll be really interesting to see how it plays out this season, especially with, you know, all the sports books are doing it there now.
13:23So it's no longer going to move somebody over to a different sports book.
13:26You kind of don't have many options if you want to save money on your bets in Illinois.
13:30But, you know, if you bet a lot of money, if you bet, you know, thousands of dollars, it's really not that big of a hit.
13:36If you are, you know, a smaller casual bettor, it definitely takes more out of your chunk.
13:40But, yeah, we'll see what happens this NFL season with Illinois.
13:43It's a pretty interesting dynamic.
13:45Yeah, those $2 parlays just went up for a lot of people this football season on all of the different sports apps and betting operators, too.
13:53Okay, so many years ago before sports betting was legal, Sam, they just couldn't get these offshore, you know, operators who were outside of the United States to stop offering sports betting.
14:04They talked about it for many, many years.
14:06Then sports betting became legal and the offshore sports betting operators continue to operate as usual.
14:12But all of a sudden in the last year, we've seen a lot of the offshore shut down, which I am perplexed by.
14:18I'm very surprised that it happened now.
14:19Almost makes me think that some sort of agreement was made, by the way, and GeoComply has some new data that shows that the direction that they're going, getting the offshore accounts out of the United States is probably going to help the accounts inside the United States.
14:33Yeah, I don't think that last part is breaking news, but it's an excellent point you make, Craig, that for years, you know, whether it was the federal oversight or state by state level, everyone had called on, you know, someone to crack down on these offshore sports books, which right now I could go to, you know, 10 different websites and type something in and place a bet.
14:53And it technically would be illegal, but it's happening anyway.
14:55And over the past, you know, 12 months, it kind of started with Michigan, a bunch of these states started sending cease and desist, started threatening lawsuits, started fining offshore sports books throughout the country.
15:06Of course, these are mostly states where sports betting was legal.
15:08So they kind of had some incentive, you know, to get rid of this black market that was going on.
15:13You know, you want to legalize sports betting in the first place, you got kind of have to also get rid of the illegal part of it as well.
15:19But yeah, now you've seen a bunch of these offshore sports books just kind of admit defeat and walk away, which is surprising that, you know, you wonder why it took so long, if this was going to kind of be the result anyway, it definitely makes you think about what's going on behind the scenes.
15:31But Geo can apply coming out yesterday, just a couple of days before NFL season with data that shows that, you know, there's five states that took recent actions against offshore sports books that compared that to data from five states that did not, but were similar sizes.
15:46Those are Arizona, Louisiana, Massachusetts, Michigan, and Tennessee, they all took some action, and they found that they actually grew active players in those markets 10% on legal sports books faster than the states that hadn't taken enforcement action.
16:01New account signups were also up 39% in enforcement states versus similar size states that had not taken action.
16:07So I think they kind of wanted to, you know, throw that information there that, you know, this is helping the legal market when you get rid of offshore sports books, when you threaten them, when they do end up, you know, abiding by those threats and going someplace else and kind of just taking their losses.
16:21It does lead to a better legal market, which at the end of the day was one of the main components of legalizing sports betting in the first place.
16:28Now, the offshore market definitely is still thriving.
16:30It makes up about 33% of all the money that's bet in the U.S., but that number is down from about 40% a couple years ago.
16:38You've had almost all 50 states came together to ask the Department of Justice for even more effort against these offshore sports books to not just, you know, chase them down, but really eradicate them and get rid of them.
16:50I don't think that will ever happen.
16:52It also remains to be seen if the feds ever get involved with this.
16:55And I don't think it's as likely if you have, you know, the success at the state level, but it does go to show that there's this kind of coordinated effort and the data is suggesting so far, at least, that it's working.
17:06Well, Sam, great stuff as always.
17:08We'll read more over at legalsportsreport.com and catch up with you later in the week.
17:11Thanks for coming on Newswire.
17:13Yeah, thank you, Craig.
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