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00:00Let's get started and get to the state legislature. This pushback against prediction markets
00:04continues. 23 different US senators have urged the CFTC and Chairman Michael Selig to honor his
00:12comments regarding sport event contracts and prediction markets during a confirmation hearing
00:17saying, quote, prediction market platforms are offering contracts that mirror sportsbook wagers
00:23and those products evade state and tribal consumer protections, generate no public revenue and
00:29undermine sovereign regulatory regimes. The senator wrote in their letter. We've seen pushbacks in
00:34the state of Massachusetts and others asking prediction markets to exit. We'll see what ends
00:39up happening, whether more regulation comes. It's going to be a big year for prediction markets here
00:44in 2026. Well, at the end of 2026, Major League Baseball and the players have to get together to
00:50work out a new collective bargaining agreement. And one person that's not going to be involved in that
00:54is the one that has been for the last couple of decades. Executive Director Tony Clark is going
00:59to resign as Executive Director of the Major League Baseball Players Association. This is in the wake
01:05of an Eastern District of New York investigation into alleged financial improprieties at the union.
01:12Clark joined the MLBPA in 2010 after playing for 15 years in Major League Baseball. And with the
01:18upcoming negotiations, I would say that the Major League Baseball Players Union has to act pretty
01:23quickly to find somebody to replace him, at least on an interim basis. Now over to college basketball
01:28last night. One of the top teams in the country, Iowa State, avoided an upset and beat number two,
01:34Houston, 70 to 67 in the battle of two teams inside the top 10. ISU was two and a half
01:40point
01:40favorites. Nate Heiss hit the go-ahead three-pointer with 117 to go. TJ Holzberger discussed the game,
01:48saying basically they needed to get every point they could in order to win.
01:51You need to be at your absolute best. And our guys are really locked in in our preparation.
01:57And I felt like our ability to take care of the basketball, share the basketball, and then
02:03you know, guys making obviously big plays and big shots down the stretch allowed us to come out
02:08with the win. So just really proud of our team for their continued focus, how they play for one
02:13another. And look, stay in the course when we're down 10. Everybody in that huddle had tremendous
02:19belief we're going to win the game. So just really proud of our guys.
02:22We held them down pretty good second half and they did a good job of holding us down too. But
02:29you know, I thought our kids' fault. You know, we've been in this situation a lot on the road.
02:43Sometimes the brace go in your favor. The night we win this game, we made the one and one and
02:51they
02:51missed the three. The night it was flipped. We missed the one and one and they made the three.
02:55Sometimes as simple as that. Another big night for player of the year candidate Cam Boozer. 22
03:01points and 12 rebounds. His 14th double-double of the season as number three Duke destroys Syracuse
03:08101-64. They've got a big showdown coming this week against Michigan. But let's get back to last
03:14night. Here's John Shire on the team approach. A lot of distribution, says Shire, led to the win.
03:21Really proud of our team. Love the sharing that we had. 21 assists, four turnovers. I think that
03:27tells the story. I thought our defensive effort was high level. And I'm just proud of our guys for
03:33the, you know, the one-day prep. You know, we didn't do anything on the floor. It was all walkthrough
03:38film. I thought they had great attention to detail. And it was a great win for us to get our
03:4424th win,
03:4513th conference win. And really, really proud of them. Yeah, well, I thought two things. One,
03:53I thought our transition game really showed tonight, which is, you know, we've been searching
03:58for a little bit. And then I thought the just guys making simple plays. You know, I just thought the
04:06connectivity was at a high level tonight. I think it's easy when you get a lead. I think it's very
04:12normal to happen on a team where you can start looking at the scoreboard and think about your
04:16points. Or I didn't see any of that. I thought it was just great maturity from Cam and Isaiah,
04:22you know, being the guys that get the most shots. They didn't, you know, force anything. And then
04:26just throughout, guys were really, really efficient. I think that showed with our shooting numbers too.
04:32Meanwhile, the big game in college basketball tonight is Michigan taking on Purdue. We'll preview
04:37that game in about 10 minutes with Justin Perry. So stay on the grid. We'll get a winner for you
04:40in that
04:41game. Meanwhile, the Yankees looking to go a little bit deeper into the postseason.
04:45They met with the media over the last couple of days. And for the first time this offseason,
04:50Aaron Judge spoke to the media regarding free agency, essentially saying that he thought that
04:56the Yankees were in a good spot, but potentially could have pushed the foot on the pedal a little
05:01bit more, or at least sign more free agents. It was brutal. You know, I'm like, I see a lot
05:08of
05:08free agents out there. I see a lot of guys that, you know, like the Bellingers, the Grishams,
05:13the Goldschmidt. It's like, yeah, let's sign these guys right now and then start adding more
05:17pieces, you know, because I'm seeing other teams around the league get better. They're
05:20making trades. They're signing big prospects or big players. And, you know, we kind of were
05:25sitting there for a while, you know, kind of making smaller moves. But, you know, it was
05:31tough there in the beginning. But I think once we solidify getting Bellinger back, you know,
05:35we got Trent being our center fielder, be our leadoff guy for another year. And then
05:39you had a guy like Goldie, some of the back end, you know, bullpen pieces that we've been
05:43doing, I think, I think we're being a good spot. But early on, it was pretty, pretty tough
05:48to watch. I'm like, man, we're the, we're the New York Yankees. You know, let's go out
05:51there and get the right people, get the right pieces to go out there and finish this thing
05:55off. Because we got a, we got a special group of players here. We got a good core, good
05:58young core. So, yeah, it was frustrating, but I think we're right where we need
06:03to be. Did you express any of that to them? Yeah, hell yeah. But they took care of business.
06:12I've voiced my opinion about a couple of guys and, you know, Bellinger being one of the
06:16guys that, he just adds a dynamic to this team that, you know, we've been missing for
06:21quite a few years. So, excited, you know, excited he's back.
06:27Meanwhile, Mike Trout will not play in the upcoming World Baseball Classic, but he will
06:31play center field for the Angels this season. Now, about that turn of events, he met with
06:36the media yesterday and said he is far from done and ready to prove people wrong.
06:40I'm definitely going to play center. Center and, you know, I told him I play anywhere.
06:46So, obviously, I prefer center. You know, good communication with him and Perry. And to be
06:53honest, right field, I felt like I was running a lot. But it's just like a preference thing,
06:58you know, talking to some other outfielders. And they're saying that, you know, they feel the same
07:05way. Sometimes, you know, center is, you know, less than your legs. But like I said, you know,
07:09it's been, it's the first day. So, getting to know everybody and seeing everything and see how it goes.
07:17Generally speaking, a lot of the Major League Baseball owners meet with the media on the first
07:21day of full squad workouts. Steve Cohen did that yesterday as well. Discussed the idea of bringing a
07:27new team captain inside the clubhouse. Cohen said, as long as he is the owner, it won't happen.
07:32As long as I'm owning the team, there will never be a team captain. Really? Okay. That was my
07:37decision. My view is the locker room is unique, you know, and let the locker room sort it out year
07:43in, year out. And so. So you're not saying that they'll never be one. No, they'll never be a
07:47captain. Oh, they'll never be a captain. They'll never be a captain. When did you make that
07:51decision? Oh, I've felt that way all along. Really? Yeah. Yeah. Yeah. You said you, well,
07:56actually side of that, you know, you've always had that held that opinion. Yes. How was that
08:00formed? It's just my own, my own views on how I want a locker room to be in that, you
08:05know,
08:05my view is it every year is the team's different and let the team kind of figure it out in
08:10the
08:10locker room rather than having a designation. And I just think it's, you know, it's actually having
08:16a captain in baseball is not, doesn't happen often, right? It's actually unusual. And so,
08:23you know, whatever previous ownership did that, that's, that was their way of doing things.
08:28You know, I look at things differently. Not wrong. Not a lot of teams do have team
08:32captains. AJ Preller, by the way, agreed to a multi-year extension as GM of the Padres.
08:37All right. Welcome back to Newswire here on Sports Grid. Dustin Gawker checking in on the latest with
08:41prediction markets. Make sure you download his podcast, check out his sub stack where he breaks down
08:45everything with the latest with prediction markets as well. Dustin, great to have you back here on
08:50Newswire. So last time we talked, we were discussing whether or not prediction markets could potentially
08:56move from like major league soccer or to live golf into some bigger territory. And apparently there
09:02is a chance that that will happen. So let's get to the latest here. We have a very prominent NBA
09:07player
09:07who has a very small share of equity in a prediction market company. And we also have major league
09:12baseball recognizing that, Hey, if other people are doing this, why can't we jump in as well?
09:19What do you make of these slopes that both the NBA and major league baseball may dive into?
09:24Yeah. I feel like you got the news early last week. If you were listening to this segment,
09:28because just in the past week, since I've been on, we've had both the commissioner of the NBA
09:33NBA and major league baseball weigh in on prediction markets. We had Adam Silver talking about this
09:38at NBA all-star weekend. He was, you know, does press availability. He talked about this. He said,
09:44quote, we're currently are looking at prediction markets essentially in the same way that we're
09:47looking at sports betting markets or sports betting companies. It's rapidly evolving. Prediction
09:51markets have now come on the scene fairly recently as I don't know how else to say it.
09:56Major sports betting marketplaces, whether prediction markets are allowed to go forward in the form
10:00there and now will, I think be ultimately an issue for the courts and for Congress. Um, so again,
10:05like at the, one of the, you know, hallmark events of the NBA season, we have silver talking about this
10:10and addressing it. He doesn't say, um, there, you know, we're doing a partnership with a prediction
10:14market, uh, tomorrow, but he's setting the stage for that, I think. And then we also had a major league
10:20baseball. We had commissioner Rob Manford talking about this, um, you know, a spring training,
10:25it's underway. He said, quote, the interesting thing about the prediction markets is there's an
10:28opportunity to work with the commodity features trading commission. If you've got where you want
10:32it to be, you'd have a real nice federal regulation. It'd be the same everywhere. Kind of a nice thing.
10:37So reading tea leaves, like we're not, again, we're not snapping our fingers. We're going to see a deal
10:42between major league baseball and NBA tomorrow. Although maybe we will, who knows? I say that now
10:47and we could get that. And now we could get that announcement tomorrow, but they're setting the
10:51stage for like, they have to work with prediction markets down the road right now. This is legal.
10:56That is not changing anytime soon. Yes. Uh, the courts may roll that back at some point in the,
11:01in the next year or two, it's possibility, but it also very possible it survives. And I think
11:06NBA and major league baseball, like they were with the, with the legalization of sports betting are
11:11setting the stage for how do we work with prediction markets? Do we have to work with
11:14prediction markets and how do we monetize this for our audience and for the league and our team? So,
11:19um, definitely predictable, uh, that this was going to happen, but it's been an escalation.
11:23I'd say just in the past week, uh, as two of the major North American sports leagues,
11:27look at this more seriously and how they're going to be involved.
11:31Big day just around the corner for baseball as well. All right. So what's the latest here on
11:35draft Kings and fan duel when their prediction market?
11:40Yeah, we saw this interesting thing. So all the news and, you know, if you listen to this all the
11:45time, you're hearing us talk about the CFTC, the commodity futures trading commission,
11:48uh, which is the regulator of prediction markets. They oversee all of this. They're the reason why
11:53we have sports betting in all 50 States right now through the likes of, of Kalshi and others. So
11:58real interesting thing is that we saw, uh, this innovation advisory committee, which is the,
12:03what the, under the CFTC had a lot of people 30, like, I think like three dozen different executives,
12:09uh, from the financial world, uh, from the crypto world, some from prediction markets,
12:14including the CEOs of Kalshi and poly market, two names that stuck out to me, DraftKings CEO,
12:19Jason Robbins and FanDuel president, Christian Janetsky, we're going to, are going to be a part
12:24of this. Obviously that's a, that's kind of a big deal to see two big online gambling companies,
12:29you know, I mean, DraftKings and FanDuel do other stuff. They do fantasy, but like,
12:32they are now a part of this. They are on the same council alongside other prediction markets and
12:37companies that are, are looking at prediction markets as the future of, of finance. Uh, so this is like
12:43super interesting to me to see, you know, uh, Jason Robbins, particularly like his name is now next to
12:48all of these other folks who are, are in prediction markets. Uh, it's a signal. It's another signal.
12:53If you're looking for signals of where this is all going, uh, you can no better signal than seeing
12:58the two biggest sports betting companies be involved in this council that is going to be part of how
13:03prediction markets grow and, and, and get become bigger here in the United States. So, um, you know,
13:09we've also seen a lot from, uh, the CFTC just in general on this run, we're going to talk about
13:14that
13:14too, I think, but it's, you know, again, you see DraftKings and FanDuel, those names stick out. They're
13:19also part of this NBA tech summit at all-star weekend, um, not Robbins, but, uh, DraftKings was
13:25involved as well as Amy Howe, the, the CEO of, of FanDuel here in the U S uh, like they're
13:31just getting
13:32more involved. They both have their own prediction market. So, uh, again, really interesting to see, uh, as we
13:37read tea leaves and look for signals, seeing DraftKings and FanDuel get more and more involved
13:41and in, in, in bed with prediction markets is an interesting data point.
13:45Finally, as you mentioned, let's get to the CFTC seemingly going on the offensive and some
13:50of these prediction markets again. So Dustin and I were talking off the air, the longer this goes,
13:55the more political it gets, doesn't it? Uh, yeah, this is all, this is a lot of politics now for
14:01sure.
14:01Um, just in the past couple of days, Michael Selig, who heads the CFTC, uh, did a wall street
14:07journal op-ed and then also released a video, I believe natively on, on Twitter slash X, uh,
14:12like defending prediction markets, saying, telling the States, you know, this, this legal battle has
14:17been about States pushing back on, on sports betting via prediction markets. He says, we'll see
14:22you in court, uh, in the wall street journal. He wrote quote, the CFTC will no longer sit idly by
14:27why while overzealous state governments undermine the agency's exclusive jurisdiction over these
14:33markets by seeking to establish statewide prohibitions on these exciting products. Uh,
14:38those quote unquote exciting products are of course, mostly sports betting, something like 90% of all,
14:42all sports betting at Cal sheet and its partners is of prediction markets at Cal sheet and Robin and
14:47all its partners is betting on sports and sports event contracts. So, um, you know, we've,
14:52we've now seen this turn into a Trump administration priority, I guess, because we've seen, we've now
14:58seen a lot of Republicans, uh, rally to the cause here. We've also seen the governor of Utah. I think
15:03this morning also say what I think we, I thought we just, we don't have sports betting here in Utah,
15:08but now we do. Um, I'm paraphrasing there of course, but, um, this is becoming a more and more
15:13political issue. We saw 23 Senate Democrats send a letter to the CFTC saying, what are you doing here?
15:18You can't, we, why are we doing sports betting in all 50 States? Um, it's going to be a football
15:23for a while. Like, will Congress do something about it? Um, I'm kind of bearish on that,
15:27but right now, uh, we're looking at, you know, politicians in the United States trying to
15:32normalize trading on prediction markets and where all this is heading. Uh, you know, again,
15:37this will be a major talking point. I think, uh, you know, not just in sports betting circles, but
15:41in political circles here, uh, to start the year.
15:44I don't think there's any doubt and we can follow it all on your sub stack and also
15:48Dustin Gawker's podcast talking about it as well. Dustin, thanks for coming on newswire. I appreciate
15:52it. Cheers. Thanks as always.
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