• 2 months ago
Transcript
00:00Let's start in Massachusetts where regulators will put Massachusetts sports betting limits
00:10on center stage by early October.
00:12Can you fill us in on those details?
00:14Yeah, so Massachusetts sports betting regulators held an agenda setting meeting earlier this
00:21week and they marked September 11th, next Wednesday, this upcoming Wednesday for their
00:28roundtable with sportsbook operators to discuss wagering limits.
00:34And this has been a hot topic in Massachusetts for the last couple of months.
00:40Regulators started talking about this back in March.
00:43In May, they attempted to host a roundtable with operators who essentially blew them off.
00:51They did not show up.
00:52They did not attend the originally scheduled roundtable with regulators in Massachusetts.
01:00And that kind of upset the regulators, as you could imagine.
01:07Some of the commissioners believe a little bit of the early discourse between the sports
01:13bettors themselves, who were also invited to the roundtable, might have upset the operators
01:21and prevented them from wanting to show up initially.
01:25So they've kind of gone back and forth over the last couple of weeks and months trying
01:29to find a date where the sports betting apps, the operators, are expected now to attend
01:37this roundtable that is scheduled for next Wednesday.
01:41And what the regulators want to know is what are the practices?
01:48How are the decisions being made around limiting sports bettors?
01:52And of course, Mike, as you know, and most everybody else listening most likely knows,
01:58what we're referring to is essentially successful bettors being told or forced to not be able
02:07to bet as much as they want, being limited to a couple of dollars per bet.
02:14And obviously, that upsets a lot of the successful sports bettors, the professional sports bettors.
02:21And they had a lot of things to say during that initial roundtable that the operators
02:26blew off.
02:27So a lot of back and forth over the last couple of weeks.
02:31But we do have that date set for Wednesday, September 11th, next week, where the operators
02:37will get together with the regulators.
02:40Sports bettors will be there as well, along with some responsible gaming groups to all
02:45sit down and hopefully have a nice, calm and productive conversations around the strategies,
02:53the decisions, the processes around limiting sports bettors in Massachusetts.

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