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SportsTranscript
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00:03 >> And let's close it out here with, it seems like every day, Sam,
00:07 there's a new story about a fantasy operator or a pick 'em operator
00:12 that is being challenged in their games.
00:14 And now Kansas has joined along the lines here,
00:18 underdog fantasy among some of them.
00:20 What's the latest there?
00:23 >> Yeah, once again, we're talking about fantasy sports apps
00:26 getting cracked down on in different states.
00:29 The story just came out yesterday on Legal Sports Report.
00:31 It's an exclusive on what's going on in Kansas.
00:34 Basically, we had this investigation that revealed six fantasy sports apps
00:39 were sent cease and desist letters by the Kansas regulators
00:43 in the last couple of months, including underdog fantasy.
00:47 Those cease and desists revolved around this memo,
00:50 which was circulated in Kansas, essentially saying,
00:53 hey, there's a bunch of fantasy sports apps that we don't really think
00:56 are sports apps, what they're offering is actually illegal gambling.
01:00 And we've seen that in states like Florida, New York, Wyoming, Michigan,
01:05 the list goes on and on.
01:07 These places that have targeted these apps that offer pick 'em games mostly,
01:11 which are essentially where you create a parlay of different player props.
01:16 You pick whether Jay LeBronson is going to go over two and a half threes,
01:20 and you combine that with whether or not LeBron James is going to get
01:24 over or under eight and a half assists or something.
01:27 And they call that a fantasy sports entry.
01:29 Some states allow it, but now they've been operating in this place
01:33 where they've just kind of been operating without getting word
01:37 on whether that's okay.
01:39 And now you've seen some states come back and say, hey, you need to leave.
01:42 So underdog left.
01:43 PrizePix is still there, confirmation on who else got these letters.
01:48 But the pick 'em games basically helped these companies rise to the top
01:52 of the fantasy sports app rankings.
01:54 They're the most downloaded apps in the app store throughout football season
01:58 for fantasy.
01:59 So to see them now getting cracked down on, it's going to be interesting
02:02 to see how they pivot, what they go to next, you know,
02:07 now that they're losing states like Kansas, like New York as well.
02:09 So it's another interesting development in the fantasy pick 'em space.
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