Underdog CEO Jeremy Levine Claps Back On DFS Battles

Watch Underdog CEO Jeremy Levine Claps Back On DFS Battles - SportsGrid on Dailymotion

Transcript

00:00 [MUSIC]

00:02 And let's close it out here with the craziest of them all.

00:05 Boy, the co-CEO of Underdog really went off talking about

00:09 all these things with Daily Fantasy and sports betting.

00:13 The state of New York has put their foot down.

00:17 They say prop style fantasy betting, excuse me,

00:20 prop style Daily Fantasy is betting.

00:24 And this is not gonna speak well to just the Daily Fantasy

00:27 providers like Underdog and some others.

00:30 They just wanna continue to live in the space, Pat.

00:33 But boy, it sure seems like with money driving this,

00:38 that at least the states are like, hey, look,

00:40 if we are not being able to cash in on you, we're gonna find a way out.

00:44 [LAUGH] That's the way I'm reading into this.

00:46 >> It's an interesting story.

00:49 It's a developing story.

00:50 We're tracking it very closely at Legal Sports Reports starting two weeks ago

00:55 with a follow up on the Wall Street Journal story about the kind of industry and

01:01 how they're going into younger areas and

01:05 states that don't have sports betting yet because their product does resemble

01:09 sports betting over under prop picks of games, you can parlay it.

01:15 It's pretty crazy.

01:16 And then last week, we learned that Wyoming

01:20 regulators had sent a seasoned assist to stop operating.

01:23 Maine also is looking into it to say, hey, what is this?

01:27 And is this really Daily Fantasy or is it sports betting?

01:31 Like you said, New York's cracking down on it.

01:34 Michigan might change their DFS language at the legislative level.

01:39 Massachusetts is looking into it.

01:41 I know Kansas is looking into it now.

01:45 It's interesting and their argument is we're just innovating on the laws that

01:50 FanDuel and DraftKings wrote, which were pretty ambiguous,

01:54 that could include this innovative product.

01:57 Other people, they view it differently.

02:00 So this is gonna be something to watch over the next couple of months.

02:03 And if this product is sustainable in an industry that is so closely regulated.

02:08 [MUSIC]

02:12 [BLANK_AUDIO]