Massachusetts Cracks Down on Daily Fantasy Sports Operators

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00:00Okay, so a more crackdown on the daily fantasy operators and this coming in Massachusetts.

00:08I mean, basically, the sports books, I would guess, Pat, are pushing to, you know, eliminate

00:14some of the DFS operators if they're going to offer similar games to their themselves.

00:20So, you know, I mean, look, this is not FanDuel and DraftKings suing PrizePix, Underdog and

00:26some of these other companies.

00:27But if the games are similar and the taxes are different, you see what the result is

00:31going to be.

00:32Yeah, I mean, this is a little different, but yeah, to your point, we've seen a lot

00:36of regulators cracking down saying you can't do this here.

00:38And in fact, it was something that happened in Massachusetts back in March, where the

00:42Attorney General sent a few seasoned assists and PrizePix and Underdog didn't receive those

00:46letters, but they still came to an agreement to say, hey, we're going to stop offering

00:50these products, switch to our peer-to-peer products and our normal DFS things versus

00:55their Pick'em products.

00:58And so that that was all good and fine.

01:00Now there's a guy suing PrizePix, Underdog and Yahoo for offering, he says, argues, illegal

01:07wagering.

01:09And he's suing to get all the money back from these companies that Massachusetts bettors

01:15have wagered with them, you know, saying, to your point, that they're registered as

01:21DFS operators, not sports betting operators.

01:24Now DraftKings and FanDuel, they can offer both types of products because they're registered

01:28as both.

01:30And so he's saying, you know what, no, I want to get this money back.

01:34You know, a spokesperson from Underdog told me it is just an ambulance chaser.

01:38He doesn't even have an account with us and, you know, discrediting him.

01:44It has three months to pick up more to become a class action lawsuit.

01:47We'll see if that happens.

01:49There's potential for it to be thrown out, a potential for a settlement.

01:53Who knows what actually happens.

01:54It's a very interesting case, though, that this guy's kind of saying, hey, I want this

01:58money back.

01:59You guys are making $10 million, we're making $10 million a month off of illegal wagers

02:04by Massachusetts residents.

02:06I want to help them get it back.

02:08He says he'll give it back to charity if he wins.

02:12So yeah, a really interesting lawsuit to see what happens if, you know, again, if it gets

02:16thrown out, if somebody throws a settlement at them or if it goes to, you know, a judgment.

02:20We'll see what happens.

02:21But yeah, DFS is not a not a boring world right now.