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00:00But the big story today is we begin the number one seed in the French Open on the men's side
00:04got knocked out last week. This week it is the women's so we're not going to have any of the
00:07top players playing for the championship this week at Roland Garros. Arena Sablenka has been
00:12eliminated from the open after losing to number 25 Diana Schneider and she is officially out.
00:20So now on the men's and women's out in terms of semifinals and finals the last time that this
00:24has happened was 1977 before even getting to the semifinals with Alcaraz and Sitter and everybody
00:31out. I guess it'll be new winners at the French Open in that Grand Slam this coming weekend.
00:37Now meanwhile in the NFL we did get one small piece of news yesterday but a very big signing.
00:42It's Drake London who signed a contract extension after that great year that he had last year.
00:46Four years $141 million. He's one of the highest paid wide receivers in the NFL right now.
00:53JSN $42 million. He leads everybody in terms of AAV but London now going to be right there and of
00:59course going to be a big part of what the Falcons do later this summer and into the fall. Meanwhile
01:05in Major League Baseball last night the Seattle Mariners last night take care of business against
01:10the Mets like everybody else does. It was Logan Gilbert five innings pitched eight strikeouts.
01:15Patrick Wisdom made his season debut. He's been out of the game for a bit. He even hit a home
01:20run.
01:20Carson Benj went two for three for the Mets but it was not enough. Here is Carlos Mendoza on this
01:26sinking season for New York. It's just getting to be too big of a hole to climb out of. I
01:33don't think
01:33so but I mean we gotta we gotta start playing better. That's that's the bottom line. So yeah I mean
01:39until we start putting together consistent we're playing consistent baseball. That's the only way to
01:45get out of it. All right so the Diamondbacks and Dodgers out west continuing their series and the
01:51Dodgers do take game two as LA beats Arizona six to five. Shohei Otani had a triple and drove in
01:58a
01:58couple of runs and Freddie Freeman hit a home run and also had three hits in the game. So naturally
02:02top
02:03of the line of production led to the one run win. Here is skipper Dave Roberts on that. It's great.
02:10It's kind of how we built this team on the offensive side and Shohei's been really good
02:16the last few weeks. Freddie's been good the last month. You know all of May was really good for
02:21Freddie and I think Shohei too. So certainly it makes a life a lot easier for everyone else and
02:26there's always seems like there's always traffic creating a situation like that which Andy did a
02:32nice job you know that second time to hit the sack fly. But yeah there's some other guys we got
02:38to
02:38get going but it is good that the guys at the top and I think also the guys at the
02:43bottom did a nice
02:44job. In the American League the New York Yankees dealing with a couple of different issues yesterday
02:50Aaron Judge did not play with a bruised rib cage. Unclear if he will play this week or sort of
02:57what
02:57his status is. We'll find out from Aaron Boone later today. The other issue is their ace Cam Schlittler
03:02was crushed yesterday. Four and a third. Five hits. Five runs. Four earned runs. His worst start
03:09of the season easily in the Guardian's nine to four win. It was Jose Ramirez with three hits and Kyle
03:15Manzardo went two for four with a home run. Travis Bazzana also drove in four runs in the game. He
03:20talked about the big win after. How would you describe your first experience as a major league player here
03:26at Yankee Stadium? Got really loud when it was loud. The fans love to you know get into it especially
03:32above the dugout a little bit so it's awesome. I mean it's it's a premier. I mean there might not
03:38be
03:38many better environments in the world for baseball so everyone's excited to be here. They obviously care
03:43a lot about their fan base and it's it's exciting. We love it but yeah same game. Yesterday was also
03:51Lou Gehrig Day around Major League Baseball honoring his legacy and the Phillies win in that one. Three
03:56to two over the Padres. Aaron Nola one of his better starts in a bit. Five innings pitched. Eight
04:01strikeouts and that gave them the three to two win. Also Harper Homer and Brandon Marsh who's had a
04:07really nice season. Went four for four yesterday. So Nola gets the start on Lou Gehrig Day and the win
04:13and he discussed what it meant after. Yeah it's awesome man. It really is. Obviously
04:18it hits home pretty hard for me. My uncle had it years ago. I passed away from it and my
04:25wife and I
04:26support the ALS chapter as much as we can and what the Phillies do for ALS is really special and
04:35what
04:35they've done over the years and obviously what they did tonight was awesome. I think Lou Gehrig's day
04:41is is important and just to raise the awareness and raising money and the funds as much as possible
04:48and get the word out as much as possible is really important. Philly's still chasing down the Braves
04:57for first place in the NL East. The Braves lead just keeps growing. They beat the Jays yesterday four
05:01to three Bryce Elder six and two thirds and also six strikeouts. Matt Olson had the big shot in this
05:07one. His 17th home run of the season. Here is Olson on the Braves continually hot start. 21 games over
05:15500 now just playing great baseball. Yeah you know finding different ways to win. Obviously Gosman's a
05:21hell of a starter. Bryce came out and did a great job and you know finding a way to to
05:27kind of push
05:28runs across when we can. We were able to get one with two outs there. Ozzie you know shooting the
05:33six
05:33hole and man just really good at bats. I thought you know we did a good job kind of not
05:39chasing him
05:39around. It's one of the better splitters in the game and Ronnie and Mike came out early and put the
05:44ocean good at bats off of him and you know we just kind of got enough across the dish. The
05:49Orioles
05:50continue to be one of the hotter teams in the American League right now. They've won eight out of
05:5411 beating the Red Sox who can't scratch out a win at home at all. Orioles four Red Sox two.
06:00Shane
06:00Baz went seven innings struck out six. Craig Albernaz seemingly has the team going in the right
06:06direction. Eight wins out of 11 games. What are the things you're liking that this team is doing well
06:11collectively right now? Yeah everything. Yeah we're playing great team baseball right now. Run the base
06:17as well. Defense has been outstanding. Siding pitching has been great. Bullpen has been keeping us afloat
06:23especially when we weren't playing at our best and offensively we're starting to hit our stride
06:28just not being one-dimensional. You know we we have the power we have the thump but now being able
06:35to
06:35play small ball getting the bunt moving the runners over running the base as well stealing bases so it's
06:39just been a there's a collective team game. One of the better offseason acquisitions has to be the Brewers
06:45in their trade to get Kyle Harrison. He won again yesterday struck out 12 batters in five and two-thirds
06:53the Brewers beat the Giants eight to three. Here's Pat Murphy on Harrison's 12 strikeout outing.
07:00I mean you got to give him the headlines in the Gazette.
07:07He was you know he was a little amped up a little out of sorts early. You could see he's
07:12a little bit
07:13moving fine moving maybe too fast trying too hard whatever but yeah he's he was really good.
07:22The Tigers finally found their offense last night beating the Rays eight to nothing. Gleyber Torres
07:27off the IL hit a home run. Pirates beat the Astros ten to six and the Rangers beat the Cardinals
07:34and
07:34they have now won five straight games. In the Stanley Cup playoff pursuit the champion could go the way of
07:42Las Vegas. They came back to beat Carolina last night five to four as the Golden Knights were road dogs
07:47and they actually trailed two to nothing early in the first period. But Thomas Hertel scored the game
07:54winning goal for Vegas with three minutes and 24 seconds to go. Game two will be on Thursday back in
08:01Carolina and the Hurricanes still are big favorites in this one at minus 164 going into tomorrow night's
08:09game two. But the odds for the series have shifted completely as Vegas winning on the road are now minus
08:16150 to lift the cup at the end of the Stanley Cup playoffs. Welcome back to Newswire here on
08:24Sports Grid. Always fun to catch up with Sam McQuillan from Legal Sports Report. He's all ready
08:27for game one of the NBA finals tonight. If you can't tell he's rooting for the Spurs. No I'm just
08:33kidding
08:34he's a Knicks fan. As you can see a lot of blue there. All right Sam we'll get to your
08:37Knicks here in a
08:38second. Let's start off with Massachusetts and certainly we're hearing a lot about limits and people
08:43being forced to not be able to bet as much as they want. Some of it obviously is for protection.
08:49Other sports
08:50books will limit you when they think you're winning too much. If you don't think that exists and you've never
08:54bet on sports before. Massachusetts I guess has a new notification process in play. Why do they even need to
09:01notify you Sam? Does it really make a difference? You tell me. Yeah well that's kind of the question that
09:09begs answering here. You had Massachusetts about a month or two ago passed this new rule. You know
09:15hearing concerns from bettors in the industry about limiting stake factoring as it's sometimes called
09:21which is a controversial practice where you know like you mentioned Craig's sports books will limit
09:26how much winning bettors can bet oftentimes to amounts that where it's not even tenable to bet where
09:32it's less than dollars. So basically stopping you from betting altogether. They heard those concerns in
09:38Massachusetts. They've been very active compared to most other states that make these kind of rules.
09:44So they passed this new law where anytime a sports bettor gets limited a sports book in Massachusetts is
09:50required to notify them. Within 48 hours they're required to tell them you know exactly why they're
09:56being limited and explain exactly what kind of bets that applies to you. You know whether it's just
10:02basketball, just football, all kinds of sports. So now that rule is actually in place you're already
10:08seeing you know messages get sent out to customers in Massachusetts. It also applies to anyone like
10:15retroactively who had been limited in the past. So it's not just customers that are being limited
10:20knowing this two-day span. It's customers that had in some cases been limited months or years ago in
10:26Massachusetts. I have you know some messages I'll read to you that these companies are sending. One from
10:32DraftKings says that these limits were imposed for internal risk management purposes after observing
10:38activity indicative of targeting perceived market inefficiency. So that's obviously quite a lot of
10:44jargon and not very specific. It says it applies to all bets. Another one from Fanatics says it observed
10:50behavior that's aligned with a network of restricted users that signal potential arbitrage positions. So
10:56basically telling users that we think that you're targeting our book to ensure profit betting on both
11:04sides. That's kind of the conundrum here is now that you're actually getting these messages that are
11:09required to be sent in the state. It's whether or not they actually you know go far enough to explain
11:14to
11:14bettors exactly what's going on, why they were limited. All the messages I've seen you know none have
11:19mentioned specific bets. You know the commission when they were drafting this rule was really concerned about
11:24kind of this thing entirely just you know companies saying it's a business decision. You've been limited. Sorry.
11:30So that is kind of the first step of trying to address this controversial practice. Now sports books also say
11:37that less than one percent of customers actually get limited. It's actually very hard to be a profitable sports
11:43better. You know whether or not that's actually true. That is what this is kind of designed to help get
11:48more
11:48information about. So the commission can always come back, change rules, adapt, see if this is
11:53sufficient or not. But so far it's the first time customers getting these kind of messages. It's
11:58pretty interesting to see where we go from here. Interesting. Now I would say that Illinois is one
12:05of the more interesting states as well because certainly they get so many people in Chicago
12:10and close by betting on sports. And certainly what they want to do is tax sports betting and they've
12:17accomplished that. And I know they even raised the tax in the past. But now prediction markets are
12:22coming into play. And I'm not sure about fantasy sports. Honestly, Sam, I don't know why fantasy
12:27sports is lumped in with prediction markets and sports betting, considering fantasy sports is a
12:31much smaller number. But you tell me, do you think that this is realistic here for something to pass in
12:36Illinois? Because it seems like whatever they want in that state, they get passed.
12:42Well, with regards to passing it, that part is done. The new budget has been sent to the governor.
12:47It's already set to take effect in July. The $56 billion budget. So to answer your question,
12:53why fantasy sports are getting lumped in, I think anytime you're trying to raise $56 billion,
12:58look for any way you can do that. The fantasy sports part of it is going to tax fantasy sports
13:04operators about 1.75% of the revenue they make on daily fantasy sports. So it's not that much.
13:12It's about $6 million of, again, the $56 billion budget. It just kind of got lumped in. I would
13:17say it was probably something easy for them to do. There's not much resistance. Like you mentioned,
13:22it's not a huge kind of industry at this point. So a lot of the focus lobbying wise is on
13:27other stuff
13:27like sports betting, where Illinois has passed a number of tax increases. And now in this budget as
13:32well, a large majority of that money they're attempting to raise over the next two years is from
13:38a potential tax on prediction markets, which is obviously complicated because you have over 20
13:45lawsuits happening right now between prediction markets and states, the CFTC involved as well,
13:51essentially prediction markets saying we don't have to follow any state laws, any state rules,
13:55because we're solely regulated on the federal level. The CFTC is the only one basically who gets
14:01to tell us what to do, who gets to impose new rules like the one Illinois is trying to pass.
14:06So
14:06whether or not this actually gets paid is a different story. It has been passed. What's
14:12probably going to happen now is there's going to be another lawsuit where companies like Kalshi,
14:17Crypto.com, Robinhood, who are already in legal battle with Illinois, filed to stop this tax from
14:22being implemented. And then eventually, maybe it all gets figured out by the Supreme Court someday.
14:28Now, if the Supreme Court eventually does rule that states actually do have the authority and power
14:33to tax and regulate prediction markets, just having this law on the book in Illinois would help the
14:39state easier kind of flip that switch if and when that eventually happens to be able to tax them. But
14:46I would look at it from a bigger kind of higher level thing of just another instance of states trying
14:52to
14:52take measures to impose their jurisdiction over prediction markets. Obviously, they're arguing that
14:58this is basically sports betting that's bypassing our laws. So bypassing more laws to kind of regulate
15:03it. I think they're trying to, you know, solidify the position to eventually one day maybe rein in
15:08this industry. But if they lose that battle, we can see this law repealed and taxes not paid. So
15:13it's a lot of if, you know, maybe we don't know what's going to happen with this industry right now.
15:18But
15:18certainly, it's catching a lot of action of states, especially Illinois, which again, you know,
15:22is lawsuit with Calci, lawsuit with the CFTC. And I wouldn't be surprised, Craig, if more states try to
15:28do this kind of proactive passing of attacks while the court cases play out.
15:33So let's move on now to DraftKings. This is a fascinating story here, Sam, because I honestly
15:37didn't realize that they weren't using their own prediction market technology in order to create
15:43their own platform here. And it seems like they want to do so. But why didn't they in the first
15:48place,
15:49Sam? Did they just kind of get caught in, you know, this groundswell of everyone doing prediction
15:54markets and they weren't ready. So they had to outsource another company to do it, which to me
15:58is like the low lying fruit here. That's what makes the most sense. And so how can they save money?
16:03It would be do it themselves. But are they allowed to do it themselves? Like, how does that work with
16:07the CFTC? Yeah, it's a really good question, Craig. I think you hit it on the head with, you know,
16:13DraftKings and FanDuel weren't preparing for years to launch their own prediction markets. They've been
16:18spending all their money on sports betting. It actually took them years to own their own sports
16:22betting technology. So what we're seeing now is very similar with a prediction market space. You
16:27know, DraftKings went live in December. All of a sudden, it's trying to compete and, you know,
16:32offer its product in states like California and Texas. And in order to do so and go online real quick,
16:37it had to use third party prediction market technology. Basically, it had to use stuff that was
16:44approved by the CFTC. DraftKings, you know, it takes a while to get approved. They had to use
16:48somebody else's technology. So they're using crypto.com and CME group right now. They're using
16:53their contracts to list on their markets, which is why in October, they bought Railbird Exchange,
16:58which is a CFTC licensed exchange. And now it just takes time to implement that technology to get
17:04approved. So the latest step that happened this week is they filed to offer their own money lines,
17:10spreads, player props, head-to-head performance markets, and eventually parlays. Basically,
17:15so DraftKings is offering it through themselves. They get to choose exactly what is listed,
17:21how quickly it launches, and most importantly, Craig, to make as much money as possible for it.
17:26So yeah, it's another step in this prediction market saga and obviously a big part of DraftKings
17:31business plan for the rest of 2026. It's certainly a big move for them. We'll see what more comes of
17:37it.
17:38Awesome, as always, Sam. And by the way, I know you are a big Knicks fan and you're not an
17:43obnoxious one. So I'm going to wish you the best of luck with your team tonight. Thanks again for
17:46coming on the show. Really appreciate it. Thanks, Craig. It means a lot.
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