Skip to playerSkip to main content
  • 4 months ago
Transcript
00:00You mentioned California and the Senate there out west voted 36 nothing to send a bill that
00:05would ban online sweepstakes casinos in the state back to the assembly. So where do we go from here?
00:13Yeah, it's a good question. The California's moved swift and quickly to ban the sweepstakes
00:19casinos and sportsbook games, which basically a lot of people are identifying as just a,
00:25you know, pseudo sports betting option that has been, you know, that functions a certain way.
00:30So it can skirt state gambling laws. Obviously, California does not have legal sports betting.
00:34It does have prediction markets right now, but the state is even fighting against that. There's a
00:38lawsuit and pretty much any form of gambling or any form of wagering that says it's not gambling.
00:45So it doesn't have to follow the law has been really met with swift force in California.
00:50There's been a lot of tribes kind of behind pushing this bill forward. The fact that it was moved
00:54forward unanimously, I think says a lot tribes have a huge, huge, tremendous influence in the state
01:00with their lobbying power. They, you know, of course, were the group that basically got the
01:05sports betting ballot proposition defeated just a couple years ago and have been the reason that
01:09sports betting kind of remains illegal in California. So they've really been swift in
01:14the response to what they see as alternate forms of gaming where sweepstakes go from here. I would
01:19imagine there's not much they can do just kind of cut their losses. Once they get kicked out of the
01:23state, there could be a lawsuit which challenges it down the line. I don't think that they would
01:27win that. But I think this will probably spread to other states that we've seen now move against,
01:32you know, sweepstakes. We've seen the move against fantasy sports that acts like sports betting. And
01:36we've certainly seen the move against sports prediction markets as well. So this is just kind
01:40of where we're headed with the industry right now.
Be the first to comment
Add your comment

Recommended