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00:00What's MLB's problem, ultimately, with issues with integrity and the pushback against people
00:07wanting to use this type of approach toward their wagering?
00:11Yeah, yeah, the sort of the genesis of the MLB's argument and kind of everybody who's
00:18against these new prediction models we've seen pop up, these of course are the things
00:23that look like sports betting and function like sports betting, but technically do not
00:27want to be regulated as sports betting.
00:29These are the prediction markets that companies like Calshi, Crypto.com, even Robinhood, and
00:35another one we'll talk about later, have shown interest in essentially allowing people to
00:39buy into a position of whether or not a team will win something.
00:42We saw this first pop up during the Super Bowl when Calshi and Polymarket, which have
00:47become very well known for allowing basically election betting, but it's doing it in a way
00:52that where it's trading instead of actual betting.
00:55So they're not subject to the same laws.
00:57So they've popped up and you have organizations like Major League Baseball, as well as a lot
01:02of the gaming industry have weighed in ahead of this roundtable that's coming up where
01:07the Commodity Future Trading Commission is going to basically try to get all their ducks
01:12in a row and figure out how to regulate this.
01:14Is this sports betting?
01:16Is this market investing?
01:17Is it not?
01:18And what the MLB is saying right here is, you know, if you allow this kind of betting
01:23to exist that is not technically subject to the same rules and laws and regulations
01:28that our sportsbook partners are, we think it puts the game at risk.
01:32We think basically it allows this market to thrive legally where people are not, you know,
01:38adhering to the same rules and regulations.
01:41Of course, we've had a number of scandals in sports pop up throughout the legal sports
01:46betting era.
01:47You know, last year it was Shohei Otani's interpreter was involved in something sketchy
01:51and college basketball.
01:52There's been a bunch, but all this stuff gets brought to the light because we have these
01:56rules and regulations for sportsbooks.
01:58And what the MLB is coming out saying here is if we're allowing this to exist without
02:02the same rules and regulations for sportsbooks, we're really worried it can impact our game
02:06and open up the door to some bad actors.
02:08The CFTC is going to be holding the roundtable later this month, it's expected.
02:12So we'll see if we get more leagues joining in.
02:15But really interesting that a league is actually chiming in here on the future of this very
02:19controversial, recent kind of alternative to sports betting that doesn't want to be
02:23regulated the same way.