1
00:00:00,098 --> 00:00:04,479
Massachusetts regulators broke new ground this
week when they hosted a range of speakers to

2
00:00:04,519 --> 00:00:09,800
discuss the issue of limiting bettors. They
are the first regulator to take a look into

3
00:00:09,840 --> 00:00:14,962
the issue, which, depending on who you ask,
either affects a minuscule number of people

4
00:00:15,062 --> 00:00:20,564
or is a widespread tactic to assure that just
about any successful bettor can't wager. We've

5
00:00:20,584 --> 00:00:25,005
got the highlights of the discussion, plus our
own thoughts on what comes next on today's

6
00:00:25,025 --> 00:00:30,884
episode of iGaming Daily. Shout out to the sponsor
of iGaming Daily OptiMove, the number one CRM

7
00:00:30,904 --> 00:00:36,248
marketing solution for the iGaming market. You
can get your free first month of OptiMove by

8
00:00:36,288 --> 00:00:40,731
clicking the link in the description below.
Now that we've properly thanked them, I am

9
00:00:40,771 --> 00:00:47,016
Jessica Wellman, editor of SBC Americas, joined
by media manager Charlie Horner. And I feel

10
00:00:47,036 --> 00:00:50,438
like it's kind of weird being back in the saddle.
It's been a minute since we've done one of

11
00:00:50,458 --> 00:00:56,454
these. The dream team is back. Yeah, it's been
a few weeks. They couldn't handle us. I don't

12
00:00:56,474 --> 00:01:01,735
know, you know, sometimes I can't handle the
M.G.C. to do a segue on this one. Massachusetts

13
00:01:01,755 --> 00:01:06,777
Gaming Commission. Charlie, you're not in the
news rotation as much anymore, but I did make

14
00:01:06,797 --> 00:01:14,119
you tune back in to the meetings that just keep
on giving for this discussion on limiting betters.

15
00:01:14,759 --> 00:01:19,480
Now that you've dipped your toe back in and
you kind of knew what to expect with the M.G.C.,

16
00:01:20,360 --> 00:01:26,975
what was your overall impression of this meeting
and how it went? First of all, we should point

17
00:01:27,035 --> 00:01:33,420
out that it's a positive that the operators
turned up. Yes, they did try this in May and

18
00:01:33,920 --> 00:01:40,885
balees came. Balees came this time, by the way,
and did not say a word. They introduced themselves

19
00:01:40,905 --> 00:01:46,669
and then said nothing. Ditto, Penn and ESPN
bad. Yeah, I think that's quite interesting

20
00:01:46,689 --> 00:01:51,353
in itself as well that a couple of operators
joined the discussion but weren't willing to

21
00:01:51,393 --> 00:01:59,992
participate. But generally I thought the discussion
was, it was really interesting to see what

22
00:02:00,012 --> 00:02:06,357
the operators would actually say because clearly
from the past they would rather keep their

23
00:02:06,377 --> 00:02:11,862
cards close to their chest on this and they
weren't really willing to delve into too many

24
00:02:11,902 --> 00:02:17,947
specifics. Just a couple of statistics here
and there, I think BetMGM said that they only

25
00:02:17,987 --> 00:02:24,668
limited around 1% of bettors in. Massachusetts,
whereas Fandl was saying that this was affecting

26
00:02:25,309 --> 00:02:34,556
around 0.04% of- So, they're kind of different
statistics, not to nitpick you, but what the

27
00:02:34,616 --> 00:02:44,843
statistic Corey Fox of Fandl gave was that 0.043%
of the bets on Fandl were placed at the maximum

28
00:02:44,923 --> 00:02:51,340
amount that they could wager. know, the vast
majority of people, the amount that they wanted

29
00:02:51,400 --> 00:02:56,925
to bet, they bet and they didn't, you know,
hit the cap. Yeah. But I thought it was quite

30
00:02:56,945 --> 00:03:03,530
interesting to see how the two sides of this
debate were laying out their arguments because

31
00:03:03,610 --> 00:03:08,854
it was very much the operator saying that, look,
yeah, we do limit bettors, but it's only a

32
00:03:08,994 --> 00:03:14,159
very, it's a percentage of a percentage was
the phrase that was repeated quite often. It's

33
00:03:14,179 --> 00:03:19,575
a really small number of bettors who are actually
huge problem, we're well within our rights

34
00:03:19,615 --> 00:03:24,399
to do this. And then on the other side, you
had the regulators sort of saying, well, actually

35
00:03:24,419 --> 00:03:30,704
we do get a lot of complaints from betters about
this. And then in the second half of the meeting,

36
00:03:31,005 --> 00:03:37,310
there was other industry stakeholders sort of
putting the idea forward that, well, maybe

37
00:03:37,350 --> 00:03:41,533
it is a bit of a problem. Maybe we do need a
little bit more transparency from the operators

38
00:03:41,593 --> 00:03:48,650
on this point. And I thought as a starting point
for this. wider discussion that's inevitably

39
00:03:48,670 --> 00:03:55,652
going to happen. It was intriguing. S1 05.00
Definitely. We won't subject you all to the

40
00:03:55,752 --> 00:04:00,313
full three-hour discussion, but I think it would
be useful, as Charlie mentioned, to see a bit

41
00:04:00,353 --> 00:04:03,914
of how people framed things. So we're going
to take a second and you're going to hear from

42
00:04:04,014 --> 00:04:08,936
two people. First, you're going to hear from
Cory Fox, who was the representative from FanDuel.

43
00:04:09,356 --> 00:04:14,797
Then you're going to hear from Joe Brennan Jr.,
who's the executive chair of Prime Sportsbook.

44
00:04:15,250 --> 00:04:19,613
Even though he is an operator, they don't operate
in Massachusetts. And he appeared with the

45
00:04:19,653 --> 00:04:26,658
group kind of arguing that limiting was a problem
representing what they were deeming like alternative

46
00:04:26,878 --> 00:04:34,343
sports betting models. So check out two sides
to the same argument. If these operators in

47
00:04:34,363 --> 00:04:42,049
your state are limiting and shutting down winning
players, not taking their action, what are

48
00:04:42,069 --> 00:04:49,291
those players supposed to do? What is their
alternative? Because you have players that

49
00:04:49,471 --> 00:04:58,295
are willingly trying to enter a regulated market,
taxed, well-regulated, visible market. And

50
00:04:58,335 --> 00:05:03,937
you have the operators who are talking about
transparency and security and risk and trying

51
00:05:03,977 --> 00:05:08,919
to avoid the next Jean-Tay Porter incident.
And they're standing there and they're saying,

52
00:05:09,279 --> 00:05:16,282
no entry. What is that player, what is that
citizen supposed to do at that point? All right,

53
00:05:16,502 --> 00:05:21,865
now I don't know where to begin on this one,
but you know what, let's stick with the operator

54
00:05:21,905 --> 00:05:28,869
side of this since that's where they started.
I will say I was a little, I expected as soon

55
00:05:28,909 --> 00:05:33,211
as people started introducing themselves and
you saw that nobody was from the trading room

56
00:05:33,331 --> 00:05:40,155
and it was compliance and general counsels for
people that we weren't gonna get much. And

57
00:05:40,195 --> 00:05:47,495
I'll be honest, I thought they offered up more
than I anticipated they would. Yes, I would

58
00:05:47,515 --> 00:05:53,881
agree with that. In particular, there was a
very, very good explanation towards the beginning

59
00:05:55,022 --> 00:06:03,028
of the discussion. I think he was BetMGM's deputy
general counsel. Jeremy Coleman. Yes, he gave

60
00:06:03,068 --> 00:06:13,137
a really good overview of the instances when
BetMGM and by and large, all of the other operators

61
00:06:13,197 --> 00:06:23,332
would. decide to limit players. And then, yeah,
considering that there were no trading team

62
00:06:23,812 --> 00:06:29,294
representatives, I thought there was a pretty
decent level of detail involved. Yeah, there

63
00:06:29,354 --> 00:06:33,855
was one fun moment where they were kind of like,
well, what does the trading team do? And they're

64
00:06:33,875 --> 00:06:37,657
like, oh, I can't really speak to that because
I'm not on the trading team. And Eileen O'Brien,

65
00:06:37,977 --> 00:06:42,726
the commissioner who never lets anything get
past her was like, I can't help but notice

66
00:06:42,806 --> 00:06:48,587
no one from this group is on this call. I would
imagine that if they did have traders on the

67
00:06:48,607 --> 00:06:53,469
meeting, there would be a lot of executive sessions
that there would be a diverse ensued. There

68
00:06:53,489 --> 00:06:59,610
would be a lot of the lawyers just hitting the
mute button. Yeah, well, I want to go back

69
00:06:59,650 --> 00:07:05,312
to what you said about Jeremy Coleman. He kind
of put it into four different categories typically

70
00:07:05,392 --> 00:07:12,715
of what he says BetMGM does when it comes to
limiting players. And he said those four categories

71
00:07:12,735 --> 00:07:20,720
were essentially bettors that pounced on inaccurate
lines. So, you know, for example, what happened

72
00:07:20,780 --> 00:07:26,704
on Monday when Christian McCaffrey, who for
you, your rose out there that don't follow

73
00:07:26,744 --> 00:07:33,008
football, like the best player in football was
a late scratch in Monday night football at

74
00:07:33,048 --> 00:07:40,229
bet 365, not bet MGM. there was a line where
they did not adjust the backups yardage quickly

75
00:07:40,269 --> 00:07:46,234
enough and people jumped on it and put as much
money down as humanly possible. So you can

76
00:07:46,274 --> 00:07:52,620
do that, but I mean, sports betters that I know
always are aware that you're gonna be persona

77
00:07:52,640 --> 00:08:01,327
non grata very quickly if you keep kind of trying
to take advantage of that, you know, it's one

78
00:08:01,367 --> 00:08:09,965
thing to be, It's another to bet the farm on
something when somebody hasn't updated quickly

79
00:08:09,985 --> 00:08:16,770
enough. I think that's not the most unreasonable
reason to put limits on somebody. So that was

80
00:08:17,050 --> 00:08:25,376
one. They take notice in his terms, low liquidity,
high volatility markets, essentially those

81
00:08:25,476 --> 00:08:31,520
extremely niche player props that if you're
putting lots of money on those props, which

82
00:08:31,561 --> 00:08:36,480
are not really designed. They don't do a lot
of handle. It's more to have those for fun.

83
00:08:37,341 --> 00:08:44,427
They'll start flagging your account. They'll
notice if I bet $25 every game and then suddenly

84
00:08:44,447 --> 00:08:51,232
out of nowhere, I bet $1,000 on something, they're
gonna potentially raise an eyebrow. And then

85
00:08:51,893 --> 00:08:57,517
the last one was syndicate betting. For those
who don't know, syndicate betting can take

86
00:08:57,557 --> 00:09:01,961
a couple of different forms. There can be a
group of bettors that pool their knowledge

87
00:09:02,001 --> 00:09:09,356
to all. bet using pooled funds in one account,
or it can be that, you know, you have you and

88
00:09:09,396 --> 00:09:14,499
10 people on 10 different accounts, use 10 different
accounts to get half a million dollars down

89
00:09:14,559 --> 00:09:20,341
on a game because none of you can get half a
million dollars down otherwise. So those are

90
00:09:20,361 --> 00:09:26,784
kind of the four reasons, and I'm gonna be honest,
and maybe I sound like a sports betting chill,

91
00:09:26,824 --> 00:09:34,132
these all seem fairly reasonable. to be like,
yeah, we're going to limit how much you're

92
00:09:34,172 --> 00:09:40,656
allowed to bet when you do this. Yeah. And the
operators said bettors are well within their

93
00:09:40,696 --> 00:09:47,241
rights to place bets on these lines where they
might have an advantage or have more knowledge.

94
00:09:48,061 --> 00:09:53,005
But at the same time, they are more than entitled
to limit how much they can bet because at the

95
00:09:53,025 --> 00:09:58,769
end of the day, they are commercial entities
and they've got to protect their bottom lines.

96
00:10:00,438 --> 00:10:07,283
that's their argument and I must say to a certain
extent, yeah, I kind of agree with you Jess.

97
00:10:07,624 --> 00:10:14,029
Yeah, I mean, if not, illegal is not the right
term, but like for sure all of these are kind

98
00:10:14,049 --> 00:10:19,334
of against the syndicate betting in particular.
Some states have regulations and laws against

99
00:10:19,354 --> 00:10:23,577
this, others like you're clearly violating the
terms of service that you agree to and like

100
00:10:23,937 --> 00:10:27,821
yes, we all check the box and click the button
and don't pay attention to what the terms of

101
00:10:27,861 --> 00:10:32,847
service is. But I'm just the type that like,
yeah, if I said that these are the rules that

102
00:10:32,907 --> 00:10:37,448
I agree to, even if I didn't read them, if you
tell me I'm breaking the rules, then I'm not

103
00:10:37,488 --> 00:10:42,469
gonna be that mad or upset when you tell me
I'm not allowed to do that anymore and I'm

104
00:10:42,509 --> 00:10:49,691
being punished. So before we get to the con
side, I want to go into one last thing that

105
00:10:49,751 --> 00:10:55,253
happened on the operator side of things, which
was the discussion around court siding. Is

106
00:10:55,273 --> 00:10:59,763
this a term you heard for the first time yesterday?
No, this is something that I've been aware

107
00:10:59,823 --> 00:11:05,507
of. Yeah. I'm somewhat familiar with it. For
those who are not familiar, courtsiding is

108
00:11:05,887 --> 00:11:13,712
showing up at the athletic event. And again,
there's a difference. People going to the Super

109
00:11:13,732 --> 00:11:19,636
Bowl might make a better two while playing or
while watching the Super Bowl inside the stadium

110
00:11:20,517 --> 00:11:24,492
because they're enjoying the fun of it. The
court-citing practice that they're talking

111
00:11:24,512 --> 00:11:29,336
about is someone deliberately, like, going to
the game with the intent of betting as much

112
00:11:29,356 --> 00:11:37,164
as they possibly can with frequency on the outcome
of events because with the latency of TV feeds

113
00:11:37,204 --> 00:11:43,650
and official data feeds, the sports book is
a couple seconds behind. So you can get off

114
00:11:43,750 --> 00:11:52,295
bets before the feed gets them. Yeah, and there's
been instances of people going to these events,

115
00:11:52,555 --> 00:11:58,618
taking advantage of that and being on the phone
to people in other places where they can put

116
00:11:59,038 --> 00:12:05,741
bets on at mass. Yeah, because you can bet from
within the stadium, but one of the things I'm

117
00:12:05,761 --> 00:12:09,682
sure they would flag is geolocating you inside
of the stadium. But if you're on the phone

118
00:12:09,702 --> 00:12:16,145
with someone, you can kind of circumvent that
with relatively minimal technology. The court-siding

119
00:12:16,185 --> 00:12:24,518
thing came up a lot. And to me, what was the
most fascinating part of this entire thing,

120
00:12:24,658 --> 00:12:30,483
which actually wasn't even about limiting at
all, was when Eileen O'Brien was asking about

121
00:12:30,523 --> 00:12:36,787
this practice, she basically said, you know,
I'm not I'm not going to paraphrase her. I'm

122
00:12:36,807 --> 00:12:41,986
going to let her quote. I'm going to quote her
directly. As a regulator, one of the concerns

123
00:12:42,046 --> 00:12:45,889
I have from a consumer experience and protection
point is that I would rather you fix it on

124
00:12:45,929 --> 00:12:52,452
your technical end rather than cut off a customer
experience. I'll be blunt. What I hear as a

125
00:12:52,512 --> 00:12:56,815
regulator is that maybe you shouldn't be offering
the product if the technology is like that

126
00:12:56,895 --> 00:13:03,798
and fluctuating so much. So it sure sounds like
she thinks operators should not be offering

127
00:13:03,918 --> 00:13:06,520
in-game betting, period.

128
00:13:10,314 --> 00:13:17,338
from what she was saying as well. It's fascinating
and it's something that O'Brien has mentioned

129
00:13:17,418 --> 00:13:23,841
in the past. I think she was saying that in
the whole building out the regs process back

130
00:13:23,921 --> 00:13:30,525
in 2023, the end of 2022, this is something
that she sort of brought up at that time. But

131
00:13:31,486 --> 00:13:40,870
yeah, to completely ban or stop in play betting
from being a thing. think you're going to get

132
00:13:40,910 --> 00:13:47,835
much buying from the operators on that one considering
how much it's boomed over the last five years

133
00:13:47,875 --> 00:13:55,520
or so. No, and all five, well four now, I think
all of these commissioners are very sharp and

134
00:13:55,560 --> 00:14:02,685
very inquisitive, but I will say I think with
her on this particular issue, there's kind

135
00:14:02,725 --> 00:14:10,683
of a fundamental lack of understanding that
there is no solution for this. Like, I mean,

136
00:14:10,783 --> 00:14:18,131
I guess the solution would be that you geofence
out the stadium or the arena. But again, you

137
00:14:18,171 --> 00:14:27,829
get on your phone and you tell somebody. Television
delays things by a few seconds for, like the

138
00:14:27,989 --> 00:14:36,193
FCC mandates this. So you have the fact that
like, there will never be a direct overlap

139
00:14:36,253 --> 00:14:39,435
of what someone is seeing in person and what
someone is seeing on television. And the vast

140
00:14:39,455 --> 00:14:43,617
majority of people are gonna watch this on television.
So you have to kind of cater to that side of

141
00:14:43,657 --> 00:14:49,560
things. Ken Fuchs of Caesars Digital also pointed
out like, states like yours mandate that we

142
00:14:49,580 --> 00:14:56,884
have to use official data feeds. So like, you
can't get mad at us for using a feed that's

143
00:14:56,904 --> 00:15:01,707
delayed a few seconds when you mandate that
if we want to offer this product, we have to

144
00:15:01,847 --> 00:15:08,070
use this. So I don't know if she will maybe
change her tune once she hears more about it,

145
00:15:08,110 --> 00:15:14,686
but there is a very cynical voice in my head
that's like, betters, you know, be careful

146
00:15:14,706 --> 00:15:20,029
what you wish for because you get this meeting
and a potential granted long shot is that you

147
00:15:20,050 --> 00:15:28,075
get in game betting banned in the state like
good job. I hope you're happy. So I don't think

148
00:15:28,115 --> 00:15:33,098
that was their intent at all though. So let's
talk a bit about the other side. They took

149
00:15:33,118 --> 00:15:38,822
a break. They came back with people from it
was an interesting group. It was like a couple

150
00:15:38,842 --> 00:15:38,882
of

151
00:15:43,914 --> 00:15:50,396
And then Richard Shoots, who's a consultant
that works with, um, what is American betters

152
00:15:50,436 --> 00:15:54,838
voice? I keep calling it pro betters voice,
but that's not right. American betters voice,

153
00:15:55,578 --> 00:16:02,501
Joe Brad in a prime sports book. And I think
that's about it. Right. Am I spacing on anybody

154
00:16:02,581 --> 00:16:08,844
else? Um, no, I think that was, that was it.
That's, that's the crew of this second group.

155
00:16:08,984 --> 00:16:13,145
What was there a person or an argument that
kind of stood out to you amongst the rest?

156
00:16:13,578 --> 00:16:18,502
Well, first of all, I was shocked and outraged
that you weren't called up to the panel, Jess.

157
00:16:18,542 --> 00:16:22,845
I thought you would have... I had to cover the
bingo card I made. I, by the way, if you don't

158
00:16:22,885 --> 00:16:27,709
follow me on Twitter, to keep this entertaining,
made myself a bingo card of things to check

159
00:16:27,849 --> 00:16:33,634
off as the meeting was going on. I did not make
a bingo, unfortunately. That's it. It's a crying

160
00:16:33,674 --> 00:16:44,314
shame. And I thought it was... I thought actually
the argument that Joe Brennan brought forward

161
00:16:44,655 --> 00:16:51,939
was interesting that where are these players
going to go and just that sort of need for

162
00:16:51,959 --> 00:17:00,965
a bit of transparency and the industry is sort
of always talking about if we increase regulations

163
00:17:01,005 --> 00:17:08,189
or prohibit what sort of operators can do then
this is a threat of the black market. But yeah.

164
00:17:08,910 --> 00:17:13,193
I think that sort of argument was quite interesting.
I don't know if there's anything that you particularly

165
00:17:13,473 --> 00:17:20,119
picked up on Jess that you thought was particularly
jarring with what the operators were saying.

166
00:17:20,299 --> 00:17:26,083
Yeah, to quickly respond to the... I think people
really resonated with the clip that we played

167
00:17:26,124 --> 00:17:33,910
of Joe and I hear that argument to be devil's
advocate and I did this on Twitter to some

168
00:17:33,970 --> 00:17:40,562
extent and got reamed for it. So why not just
open this wound again? I've said this many

169
00:17:40,622 --> 00:17:50,011
times, nobody owes you the right to make a living
as a professional sports butter. That's not

170
00:17:50,031 --> 00:17:54,495
what this industry is about. That's not what
the intent of the industry is. If you can,

171
00:17:55,155 --> 00:18:04,323
more power to you. However, I think Joe mentioned
a couple of times, that aspiring pros are getting

172
00:18:04,383 --> 00:18:13,363
limited for RG reasons. It's not. And the debate
of the sincerity of the RG concerns is an absolutely

173
00:18:13,403 --> 00:18:19,765
fair point. But I don't really care if they're
going to be pro-betters or not. I don't think

174
00:18:19,805 --> 00:18:26,327
that should be factored into regulations. And
I agree that it is frustrating that people

175
00:18:26,347 --> 00:18:31,388
that enjoy this and are successful at it have
limited options about where they can go. That

176
00:18:31,468 --> 00:18:43,139
certainly raises an eyebrow and makes me concerned.
But I live in a state where you are not legally

177
00:18:43,359 --> 00:18:47,820
really allowed to play poker in this state.
I guess sweepstakes is the closest thing to

178
00:18:47,860 --> 00:18:56,683
like a legal entity. I don't. I drive across
the river and I'm very lucky I can just drive

179
00:18:56,723 --> 00:19:00,684
across the river. But like I have a lot of poker
friends that are like, well, I have to play

180
00:19:00,784 --> 00:19:04,705
on offshore sites because my state won't legalize
this. And I'm just like.

181
00:19:07,854 --> 00:19:16,416
I hear you, I feel you, but you're working with
an illegal operator. And that's, I just, my

182
00:19:16,536 --> 00:19:24,058
sympathy is not there, the way it is for some
other people. That like, I hear your frustration,

183
00:19:24,198 --> 00:19:31,960
I get where it's coming from. I don't think
it justifies, you know, paying, hiring people

184
00:19:32,600 --> 00:19:38,502
to borrow their accounts and circumventing the
system. Like, I don't think that, supplants

185
00:19:38,982 --> 00:19:44,364
the fact that you're breaking the rules. No,
and I think we've got to sort of point out

186
00:19:44,424 --> 00:19:50,625
as well that maybe not a vested interest, but
when Brennan speaks, he speaks as a representative

187
00:19:50,645 --> 00:19:56,407
of Prime Sportsbook, which does sort of do a
lot of work with Sharp Betters and that's their

188
00:19:56,447 --> 00:20:03,469
sort of target market. So maybe speaking for
his sort of player base there. I think it's

189
00:20:03,549 --> 00:20:09,251
great that Prime and Sport Trade and some of
these others exist and want to cater to that

190
00:20:09,291 --> 00:20:18,835
market, I think it's fantastic. I just don't
know, Joe spoke about, we have to keep these,

191
00:20:20,656 --> 00:20:23,977
they keep these huge number of markets open
and Maynard kind of questioned, why do you

192
00:20:23,997 --> 00:20:27,939
have so many markets if you can't keep on top
of them? Because the appetite is for same game

193
00:20:27,979 --> 00:20:35,198
parlays. And so you need like a wide range of
markets to help make those bets happen. And,

194
00:20:36,959 --> 00:20:41,602
you know, Joe's like, we don't offer that many
markets. And again, if you don't want to, that's

195
00:20:41,642 --> 00:20:45,385
great. And I understand there's some exposure
to offer in all those markets. I don't think

196
00:20:45,405 --> 00:20:53,110
for the average better, the resolution of operators
having to shut down hundreds of markets because

197
00:20:53,130 --> 00:20:58,674
they're not allowed to limit people is what
most betters want. No. And this is something

198
00:20:58,694 --> 00:21:04,610
the operators were saying as well, is that if
we, if we don't have the limits on the, those

199
00:21:04,630 --> 00:21:10,573
who were more advantaged, then we have to impose
limits on those recreational bettors. And that's

200
00:21:10,613 --> 00:21:17,217
not what we want to do because otherwise, again,
we have to pull the markets. And as these businesses

201
00:21:17,417 --> 00:21:21,199
are primarily targeting recreational players,
that's of course not what they want to do.

202
00:21:21,239 --> 00:21:28,864
It's all about providing entertainment during
sports. So yeah, it's a really, really interesting

203
00:21:28,904 --> 00:21:33,818
debate, one that's really going to rumble on
in Massachusetts, I think, because... The commission

204
00:21:34,119 --> 00:21:38,782
said that this is only the beginning of the
conversation. It's going to continue. Yeah,

205
00:21:38,883 --> 00:21:45,348
we're running out of time, but quickly, next
steps on this. I think there will be conversations

206
00:21:45,388 --> 00:21:49,812
about this, potentially more conversations.
Really, in order to actually take action, they

207
00:21:49,832 --> 00:21:54,816
would need to draft some sort of regulation.
Based on the temperature of the meeting, I

208
00:21:54,836 --> 00:22:00,160
would say the regulation that seems to have
the most likelihood of getting drafted and

209
00:22:00,200 --> 00:22:06,643
moving forward is some sort of- process where
betters are notified your account is being

210
00:22:06,683 --> 00:22:14,265
limited for X amount of time or on X amount
of markets for XYZ reason because the regulators

211
00:22:14,305 --> 00:22:19,506
seem to really hone in on that. Operators were
like, I mean, they usually know. But then the

212
00:22:19,546 --> 00:22:23,288
betters that spoke on the second half were like,
I don't really know when I'm being limited.

213
00:22:23,628 --> 00:22:27,809
I don't bet that much. I would like to have
that opportunity to understand what happened.

214
00:22:28,269 --> 00:22:34,895
So to me, that's probably the most likely end
result of this is, okay, we have to notify

215
00:22:34,935 --> 00:22:41,198
you why you're being limited. I think we're
a long way off from some sort of wide sweeping

216
00:22:41,238 --> 00:22:46,641
regulation that you're just not allowed to do
this. Call me cynical. No, absolutely agreed.

217
00:22:47,181 --> 00:22:52,023
All right. Well, we're not going to go much
longer because we don't want to turn into an

218
00:22:52,163 --> 00:22:58,139
MGC meeting, but you can read more about the
meeting itself on SBC Americas, we've got the

219
00:22:58,179 --> 00:23:02,465
recap. We'll put the link to the full meeting
in the description below, and be sure to just

220
00:23:02,485 --> 00:23:05,690
keep checking out all of the other sites in
the SBC network for the latest and greatest

221
00:23:05,730 --> 00:23:07,553
news from around the online gambling space.