00:00 (upbeat music)
00:02 - And some really cool stories here too,
00:04 because I think we're talking more about trying
00:06 to make sure with legalized sports betting happening
00:08 across the country, that states and colleges
00:13 and people surrounding it are being proactive.
00:15 And it does feel like that is the case with Iowa.
00:18 Of course, Iowa had the issue where a lot
00:21 of their student athletes, let me take that back,
00:23 some of their student athletes were caught betting
00:26 on sports and the Iowa Sports Betting Board
00:29 has proposed some new rule changes.
00:32 And how would that look, Mike,
00:33 if indeed they were able to make this happen?
00:35 - Yeah, Craig, so this was a set of regulations
00:39 that the Iowa Racing Gaming Commission
00:42 wants to get up there, right?
00:44 This is kind of a notice of intent,
00:45 what they did late last week.
00:47 They wanna have any Iowa sports betting operator
00:51 in their language, they wanna have it say,
00:53 it's in your name, your sports betting count needs
00:56 to be in your name, don't use anybody else's.
00:59 And then bet if you're 21 or don't bet at all.
01:02 And these were the cases, right,
01:03 in the Iowa and Iowa State University sports betting probe
01:06 where you had kids that were under 21 betting
01:08 and then you had parents seemingly innocently allowing
01:12 their kids to bet under their name, the parents' names,
01:15 and these kids end up getting in trouble
01:17 and then the parents have to get involved
01:18 because it's under their name, which is illegal.
01:20 So make sure if you set up a sports book account,
01:22 it's in your name, and then obviously if you're not 21,
01:25 do not be placing any legal sports bets.
01:27 I mean, don't be betting on sports at all,
01:29 but don't be using DraftKings or FanDuel,
01:31 especially your father's account, your mother's account,
01:34 sister's, brother's, uncle's, aunt's, whatever it is,
01:37 your friend's account, don't do that
01:38 because that's how this case got started
01:41 where these athletes are in the locker room
01:43 at Iowa and Iowa State, or perhaps at the practice facility
01:47 on a non-game day, and they're betting
01:49 and the state regulator's wondering why are these names,
01:52 why is the father betting at their practice facility
01:54 on a Wednesday at noon?
01:56 Why is he logged into the sports book?
01:58 He doesn't play for the team, he's not there.
02:00 That's how this all spiraled, and so good on Iowa
02:03 to try to make some more regulations here.
02:05 That's just part of it, what I had written.
02:07 I think there's more in terms of geolocation tracking
02:10 and account depositing, withdrawing,
02:13 just making sure everybody's doing so in a legal manner
02:17 and so you don't have this problem where some of these kids
02:19 are under misdemeanor charges
02:22 and potentially facing two years in prison.
02:24 Whether that happens, we'll see.
02:25 The investigation still has to play itself out.
02:27 We don't even know if, going into Iowa State,
02:30 opening up Saturday, college football,
02:31 we don't even know if this thing is over with.
02:33 They've gotten all the athletes, are there still pending?
02:36 The Department of Criminal Investigation in Iowa won't say.
02:39 And so this is still an ongoing investigation
02:42 and we'll see what comes of it, but good on Iowa
02:44 to step in and start setting some better ground rules
02:47 for people so they know going in,
02:49 this is what the rules are and if you do it, you get caught
02:51 and we'll see what the punishment is for those wrongdoers.
02:54 I think we have like 14 or 15 athletes right now
02:57 that are facing misdemeanor charges for tampering
02:59 with a court investigation, so we'll see how it goes.
03:02 (upbeat music)
03:04 (bells chiming)
