00:00Many of you that watch shows like this and are big sports fans are aware now of the fastly growing predictive markets,
00:07which is basically just unregulated gambling.
00:10Companies like Calci and Polymarket and Robinhood and all the mainstream books like your FanDuel, DraftKings,
00:18BetMGM, Fanatics, etc. are also now dipping their entire foot into the predictive market segment
00:25because it's a billion-dollar-plus market, and you don't need to be regulated like you are in the real gambling world.
00:32So for the, I guess, 11 or 12 states that don't allow legalized waging like California, like Texas, to name two,
00:40you can participate in predictive outcomes on those other sites.
00:45Basically, it's like a contract. You're basically just betting on, is this going to happen? Is it not going to happen?
00:51And people take sides. So all well and good.
00:54Except, here's the problem with it.
00:58They've now taken nearly $50 million in predictive wagers, my word, not theirs,
01:06on certain phrases and words for the Super Bowl and what other announcers might say.
01:13Excuse me. So, for example, you can now make a wager.
01:18During the Super Bowl, at any point, will any of the announcers utter the phrase,
01:23tush push. That's something you can wager on.
01:25Right.
01:26All right? And it's not regulated.
01:28And here's the problem with it.
01:29The problem with it is that if I'm Mike Tirico, and I'm the NBC broadcaster, right?
01:37I think he is, right? Is it Tirico?
01:39Yes.
01:40It's Tirico, right?
01:40Yes, it's NBC this year, yeah.
01:42Yeah, Tirico, NBC, and Tirico's with Chris Collins, right?
01:45Yeah, because they're setting his son to Alcatraz.
01:47So, here's why it's so problematic.
01:49Yeah.
01:50Now, if I wanted to make that wager on a regular sports book, whether that's a bricks-and-mortar
01:55casino or an online one, I can't.
02:00Because there's a person that lives in this universe that can control the outcome of that
02:05wager.
02:06Oh, yeah.
02:06The announcer.
02:07Absolutely.
02:07All right, meaning the producer, the co-host, the color host, the director, they now have
02:15an opportunity to sit down with a play-by-play guy and say, look, it's legal, nobody can get
02:21any trouble, it's unregulated, I'm going to go bet my life savings that at some point
02:28in this game, you will say the phrase, tush-push.
02:31Right.
02:32Would you do me that solid?
02:34Right.
02:34Why wouldn't you?
02:35Right now.
02:35Well, it's a football term, there's going to be a third and one or a fourth and one.
02:39Now, all Mike Tirico, and I'm just using his name because he's the announcer, I'm not suggesting
02:44he's doing it.
02:45No, no.
02:45But it's legal because it's not regulated.
02:48Right.
02:49So, if you and I are broadcasting the Super Bowl, and I'm not a gambler, but you are,
02:55and you say to me, Craig, look, I put a million dollars on whether or not you're going to
03:01say the phrase, tush-push.
03:05Yeah.
03:05Do me a solid, can you say it, and then I can guarantee my kids go to college, I buy my
03:10dream vacation home, and blah, blah, blah.
03:12Yeah.
03:13Why wouldn't I do it?
03:14Of course you do.
03:14It's not illegal.
03:15Right.
03:16Right.
03:16And that's a problem.
03:17There's been almost $50 million now wagered on certain phrases and certain words, and
03:24to whether or not the announcers during the Super Bowl will utter these words or phrases,
03:30and it's legal.
03:32Yeah.
03:32See, that's extremely problematic.
03:34Now, thinking about it in real time, I feel like Tirico wouldn't do a guy a solid.
03:39That's just my gut, in that regardless of the morality, I feel like Tirico wouldn't do
03:43a solid, but Collinsworth would.
03:45That's just my gut, that Collinsworth would do a solid.
03:47I think they both would.
03:48Because, again, it's legal.
03:52Yeah, it's legal.
03:52You can't go to prison for it.
03:54You cannot.
03:54It's not fraud.
03:55No.
03:55You're not defrauding anyone out of any money.
03:58I went in, there's a contract.
04:00You could buy yes, I could buy no, vice versa.
04:02And that's the problem with the unregulated, predictive wagering market.
04:08I can control the outcome of it.
04:10Like, no joke, nobody would bet on it.
04:12But if I put up on Cal sheet today, will Tyrone Johnson say the word blue in the course of
04:20our one-hour podcast?
04:21And I go to you and say, Tyrone, I need a favor.
04:24Yeah.
04:24I just need you to say the word blue.
04:26Yeah.
04:26Right?
04:27Yeah, I would do it.
04:28Of course you would do it.
04:29I would do it.
04:29I'd take care of my people.
04:30Yeah, why wouldn't you do it?
04:31My gut just said Tirico wouldn't.
04:32But it doesn't hurt you.
04:32It doesn't hurt the show.
04:33It doesn't hurt anybody.
04:34Right?
04:35Yeah, of course not.
04:36Yeah.
04:36But now you could do that for the Super Bowl.
04:38And I think by the time the game is played Sunday night, we're looking at $100 million
04:43wagered on whether or not the term tush push will be uttered.
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