00:00Finally, Sam, it appears the Southeastern Conference is not on board with their student athletes betting on sports, and it appears that the NCAA has decided to at least hear them out.
00:12So this tells me that before this happens, I feel like we're going to be going back and forth with this for a long time. I guess the bigger question has to be asked is, is it, you know, state by state, is it constitutional to prevent the student athletes from betting on sports that have nothing to do with them? And I guess that's the debate that will go back and forth.
00:32Yeah, that was one that was basically the one of the major reasons that the NCAA decided to make this change where they would allow college students or college athletes rather and athletic department staff to bet on professional sports.
00:46There was this long standing rule that prevented them from doing it that obviously existed before you had the NCAA doing partnerships with sports books and before states really started to legalize gaming.
00:57There was a long process to get rid of that rule, which the NCAA said would allow it to focus more on enforcement issues, you know, issues of match fixing, game integrity, real threats to the game, rather than what it's called these, you know, minor violations that really have nothing to do with it.
01:12Now, that rule change actually happened just the day before those federal FBI indictments dropped, which was really bad timing, because everyone says this is kind of not the right time to do this.
01:23You had SEC Commissioner Greg Sankey come out with a letter urging them to reverse this decision, and now the NCAA has put it on pause.
01:32It was supposed to take effect November 1st. Now, November 22nd is when it's going to take effect, but that effectively gives schools more of a time to say whether or not they're going to adopt this rule.
01:44Now, your question about states allowing student athletes to bet on it or not bet on it, that could be something that eventually gets resolved in court.
01:52I'm not sure if a student athlete would take it that far, but it definitely complicates the whole mess.
01:57You know, before we had these FBI indictments, it was kind of just, OK, this is a rule change that's going to happen.
02:02We're moving with the times, allowed the college athletes to be on the same playing field as their, you know, student body counterparts.
02:09But now, again, that you have these huge indictments where Congress is trying to get involved, where the FBI has more to come, where the NBA has been demanded answers.
02:18Now, SEC commissioners coming out against this kind of stuff, it just really complicates the whole thing and kind of, you know, puts more of a spotlight on the integrity concerns, which so far had kind of, you know, just been in the background.
02:30But now that you see them really up front, it's causing changes like this, and we'll see what ends up happening with this.
02:36But I imagine you're right. It will probably be some more back and forth before the end.
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