00:00The NCAA and Charlie Baker, the president, had decided to say, hey, you folks in the state of Missouri who did not have any profit on our athletes, maybe getting rid of unders in the first half.
00:13But it seems as though that's a losing battle, at least for now, Sam, which tells us that as strong and as, I would say, outspoken as the NCAA is against sports betting, there's just too much money it would appear at stake.
00:26And so Missouri, the first state to say no. And is there even a fight for Charlie Baker anywhere else after this?
00:33Yeah, the irony of this whole thing is really just incredible.
00:37The actual lawsuit that got overturned to basically allow sports betting in states is the NCAA versus Murphy, who was the governor of New Jersey.
00:46So the NCAA was suing to stop New Jersey from legalizing sports betting.
00:50They changed their tune once they realized they could get a lot of money from it.
00:54It was something they couldn't stop. But now with all these scandals happening, Charlie Baker has been, over the past year or so, really banging the drum, urging states to ban player props.
01:03We've seen states like Vermont comply with this, Ohio comply with this.
01:06And now the latest, his latest form of basically asking states and sports books to, you know, take more steps to regulate this stuff and kind of, you know,
01:15safeguard integrity is asking states to ban betting on first half unders, which, you know, is no coincidence that that is really the huge bets that we saw mentioned in this FBI indictment.
01:26There is a lot of kind of conversation out there in the sports betting world, you know, whether you should be able to bet on things like that, whether you should even be able to bet on a player's underperformance, you know, things that are manipulated by one player very easily.
01:38It's very easily at the end of a half to just, you know, stop scoring.
01:41I think that was kind of the case that was outlined in the FBI indictments that were unsealed last week.
01:46But so far already, you have one state saying we're actually not going to do that.
01:50And the reason isn't so cut and dry in terms of they disagree with him.
01:55It's Missouri only legalized sports betting in December.
01:58It's only when it launched.
01:58So it's only been about a month, almost two months of its legal market under the Missouri's law.
02:05The state has to respond within a week to any request like this.
02:08So because they only had seven days to look at this, they came back and said they voted three nothing.
02:13We're not going to ban first half unders.
02:15But they did say, we'll look at it at a later date.
02:17We'll examine this.
02:18We'll take time to see what other states have done.
02:20We need to weigh all these factors, how it's going to impact tax revenue.
02:24So essentially, they aren't saying we disagree.
02:26They're just saying, whoa, we just legalized sports betting.
02:29It's, you know, we're rewriting the law already.
02:31But, you know, with the pace of all these scandals and the way things keep changing in this crazy world,
02:36that might just kind of be the status quo now where states just continually need to change and re-regulate.
02:41And I think that will, you know, end up with regulators having more power.
02:44Again, it's something we kind of always talk about in the industry is, you know, you don't want the sports books don't want people to police them.
02:51They don't want people to come back with laws to regulate and further ban them.
02:54Some of the sports books should be really out in front trying to make sure this kind of stuff doesn't happen.
02:59And if it does, they're flagging it.
03:00But it could be a damned if you do, damned if you don't situation.
03:03When they flag it, it's bad headlines anyway.
03:05Obviously, lawmakers want to run with that.
03:07So we'll see if more states adopt it or not.
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