Name: Louisiana Stands Against Prediction Markets & Matt Ishbia Latest
Uploaded: 2025-12-10T17:58:40-05:00
Duration: 1 s
Description: Louisiana, equating prediction markets to unlicensed gambling like sports betting, has banned them to the public. Sam McQuillan joins from Legal Sports Report.

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Louisiana, equating prediction markets to unlicensed gambling like sports betting, has banned them to the public. Sam McQuillan joins from Legal Sports Report.

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Louisiana Stands Against Prediction Markets & Matt Ishbia Latest

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So let's get started with a sports betting story and we'll start off with prediction markets. What else do we start off the show with for the past year, it feels like it's everyday. Prediction markets. All right, another state says no prediction markets for us. Louisiana, that's the next one. They got legalized sports gambling there. They say that they're warning the unlicensed sports betting companies to stop. OK, so Louisiana says that event contracts are just like illegal. gambling because they are not licensed in the state of Louisiana. Right now, they're saying and asking to not partner with anyone that offers prediction market companies, sports event contracts in the state of Louisiana, saying that it could negatively affect their business in the future. And so there are other states that are involved in this as we continue to go. It has been the story of this year. Different states stepping up, essentially saying, do not operate. Prediction markets like sports betting, because you guys are the same and not paying taxes and until they do. And has to be getting out, and that's what's gonna happen here in Louisiana. Meanwhile, could Matt Ishbia be out as the owner of the Phoenix Suns? This is really bizarre story here. Minority owner, basically stating that Matt Ishbia has Had some financial misconduct as owner of the Suns. How about that? Using a quote saying he's using the Suns as a personal piggy bank. Now let's be real here. His, uh, spokesperson said that the claims are ridiculous. It also stems from a failed buyout in 2024, and then escalated in 2025 when Ibia initiated two capital calls, that means more money going into the team not spent by him, which the minority owners say they paid under protest. So basically, it should be called for a couple of owners to put more money into the team. They didn't want to do it, they ended up doing it, so. Naturally, that's the way things work when owners get pissed at each other. Keep in mind, it should be the majority owner of the Suns having issues are the owners. Meanwhile, let's get to the latest in the National Football League. We've got a new quarterback on the practice squad for the Indianapolis Colts. He's almost as old as me, that makes me feel good. His name is Philip Rivers. There's a chance he could play this weekend if Riley Leonard can't. Now, Riley Leonard is the 3rd string for the Colts. Remember, the starter was Daniel Jones, the backup was Anthony Richardson. Riley Leonard is the 3rd string. They also have Brett Rippon on the team too, but Shane Stein says that Rivers is in great shape and could actually play. Sunday after the game, you know, when Daniel went down and then we found out about Riley's knee, we're kind of like, hey, what are we gonna do? And, uh, me and Chris were talking, we're like, hey, let's, let's call Phillip, see what he, see what he says. Call him Sunday night, we said, hey, what do you think? He said, heck yeah, I'm interested, heck yeah. And so he slept on it, I said, sleep on it, um, and then Monday, called him back Monday morning. He said, I need to get up there. I need to get up there and throw, get in that building, uh, start moving around, uh, so he came in here, threw. He didn't forget how to throw a football, um, so we did that Monday and then Tuesday he was in the hotel, um, thinking it over. He called us, uh, me and Chris were in the office, uh, said, What do you think? He said, Dad gumm it, let's freaking go. And so we said, let's do it. And so, uh, we're excited for his opportunity. Um, like I said, he's one of the. Most passionate players I've ever been around. The obsession for the game is off the charts, um, so I know he's fired up to be back in this building. He's been with a lot of these guys when he played here last, um, so looking forward to that. Can't go well. I just can't. I cannot see this going. Wrong before. OK, police have officially arrested a 20 year old Bronx man and charged him with attempted murder in the shooting of Jets Chris Boyd. After a manhunt ensued, Frederick Green, that's the gentleman's name, was taken into custody near the University of Buffalo North Campus in Amherst, New York on Monday morning. He was transferred to Midtown Manhattan. Nick Siriani says that he is going to stay involved in the offense of the Philadelphia Eagles. Right now, they're ranking near the bottom in every category in the NFL except total points cause they scored so many in the first half of the season. We'll see what happens with the Eagles as they free fall toward the end of the year. Meanwhile, the Pittsburgh Steelers continue to roll on. They got a shot to win the division. Is it possible that Mike Tomlin could be back again facing some fire here during the season for some poor play? Tomlin talked about, is he on the hot seat after so many successful years in Pittsburgh. Mike, Mike, you said you understand your role as a head coach to When negative things happen, DK after the game said, Mike takes a lot of bullets for us. I'm curious, 19 years in, does taking those bullets get wearying at any point for you? It's the job. Like one of those bullets was at the Bills game, Dan's calling for your job. Did you feel like you were in the hot seat at all last week? Man, I've been in the hot seat for 19 years. Did you feel like you had something to prove to the fans at all? I always feel like I got something to prove, um, not necessarily to anyone in particular, but that's just the spirit in which I go about what I do professionally. What do you expect from the fans Monday night, Man, I expect them to show up, man. It's Monday Night Football in Acaser. It's gonna be a big game. All right, we'll see if Tomlin is back next year. 19 years of the hot seat. I don't believe that. All right, Madison Square Garden, the host of a tournament going on in college basketball, I believe a Jimmy V Classic, if I'm not mistaken. Number 5, UConn picks up another win this time against my Gators, 77 to 73 as the Gators lose yet again, of course, little revenge here for some college basketball national championship losses, solo ball, and 19 points for UConn. The Gators now 5-4 on the season. UConn 9-1. Dan Hurley after the game. Said that it was great to be on the court against the champs and coming out victorious. Just thought a gutty performance by us and, and, uh. You know, just to be able to share the court, you, you know, with, with Florida and I just got so much respect for, you know, for, you know, for Coach Golden and, and, um, You know, just you could. He's a champion, you know, there's their, their championship-level program, um. And one of the premier college basketball programs in like modern basketball like the last 25-30 years it's one of the top, you know, top 5 programs, you know, just, uh, so it's an honor to share the court with them and uh obviously feel great about getting a win. This was a big win for us, uh, just to try to, um, you know, do a great job with our non-conference, you know, we put together a monster of a schedule we've dealt with some injuries and different things along the way but. You know, to be at 9 and 1 with everything that the team's been through versus the quality that we've, uh, had to play against, you know, with the schedule, um, you know, just impressed with what we've been able to do. Big 10 champions, no more. Ohio State right now reeling after another loss, this time to #13 Illinois, as they go to Columbus and win one of the biggest wins of the season, of course, for the Illina who could be inside the top 10 in the new AP poll. Here's Brad Underwood on picking up this huge road win. It was, uh, I'm, I'm proud of our guys coming off a very emotional game, uh, after a very hard week of practice. Uh, before the Tennessee game and, and, um, being on the road there, um, and then, and then having to turn right back around and, and, um, uh, and come to Ohio State who's 9 and 1 or whatever they are. Uh, but, um, Jake's doing an incredible job. This team's very, very efficient offensively. Uh, we had to withstand a really, really good player. Having, having a half and, uh, Uh, you know, it's amazing. We spent a ton of time talking about. Bruce and not letting him get going and he got going. And, um, there wasn't a whole lot we could do about it. Some of those shots were very deep. Um, but, uh, I thought, uh, Andrei Stojakovich's job defensively, everybody's going to look at his points. I thought the job defensively he did on him. Um, maybe shocked his central nervous system a little bit. He just gave him a different look. Meanwhile, Michigan takes care of business in a blowout win against Villanova. They're the #2 team in the country. They've won by 25 points or more, 6 straight games. Really impressive for the Wolverines at the start of the college basketball season. The Knicks took care of the Raptors. Final score, 107 to 101, as Jalen Brunson ended up having A great game and they've advanced to the semi-finals of the NBA Cup, as you see there. And the Magic took care of the Heat 117 to 108. Magic also getting involved in the NBA Cup. They're in the semifinals as well. Desmond Bain has been fantastic, 37 points from the weekend last night. Welcome back to Newswire here on Sports Grid. Great to have Sam McQuillan with us from Legal Sports. Sports report to check in on the latest news in the sports betting world here in the States and abroad. Sam, great to have you back here on our midweek edition of the show. Let's touch on the big story in sports and sports wagering. In the NBA we have players being accused and alleged improprieties involving sports betting and, uh, you know, poker games and such. It seems as though, Sam, these players appear to not want to go down without a fight, so to speak. Terry Rozier yesterday pled not guilty to his allegations that he was involved in a sports betting scandal. What did you make of the plea and what are the next steps? Yeah, I definitely thought it was interesting that he pled not guilty, uh, despite the fact that the FBI says they have an overwhelming amount of evidence, which comes from an investigation that stemmed over two years, not just with Rozier, but with other athletes, other coaches involved, uh, Chauncey Billups of the Portland Trail Blazers, Damon Jones, former Cavaliers assistant coach, all kind of ensnared in these two, Sports betting and poker manipulation rings, which frankly, the NBA is probably hoping gets, you know, uh, over as soon as possible. It's really not a good look for the league to have this ongoing, but as part of the plea, you know, I don't think that, um, Rozier would have pled guilty and forfeited, uh, you know, his two home properties to put up the $3 million bond. And uh agree to a couple of travel stipulations and uh gambling stipulations as well. If he didn't think he kind of had a case here, it's, it's really expected that he's gonna file for a motion to get the case dismissed, uh, sort of on grounds that, uh, prosecutors might have overreached with the federal statute. They might have had an improper application of the fraud law and procedural violations. What's gonna happen next is there's gonna be a March 3rd, uh, discovery hearing where the The evidence Evidence will be brought forth by the prosecutors. That's going to be over 1000 documents, over 55 gigabytes of data, uh, which will be really interesting. We'll get to see more into the betting records, the exchanges between the alleged conspirators. There's over 30 people arrested in this case. So Rozier is obviously the high profile guy in the NBA, but it involves a number of other mafia-backed figures, figures from his childhood. So we'll know more than he actually asked for the case to be. up because he's in the middle of an arbitration with the NBA right now over what happens to his $26 million contract. Uh, he's not getting those installments right now because this is ongoing. It's kind of unsettled whether or not he will get that money because the case, you know, innocent until proven guilty hasn't been resolved yet. And then meanwhile, the Miami Heat, which traded for him kind of after the, uh, the game in question was when he was a member of the Hornets, they want to know if they can move his contract before the trade. Deadline. They're 6th in the East right now. It would normally be a major trade ship to get something else, um, but right now they're kind of in limbo with something that they probably didn't even know was going on. So everyone wants it to move forward quickly. I think the NBA as well. The judge, however, said that she's not going to take any of that into account and allow the case to proceed. So, uh, this might be something that isn't even settled for a couple of years at this case. We'll know more when we get all those documents and all that data on March 3rd, supposedly. It could always be changed. Yeah, that's, that's true too. And again, these things can stretch for months if not years with this, but we'll follow it for you. And I was Samuel over at Legal sportsReport.com. OK, so the state of Missouri, their first sports bets were placed. By patrons on December 1st. We're not quite two weeks into this, but some numbers, Sam, are in at least early showing data about downloads and where people live, that they're placing these sports bets, and, you know, certainly, you've had a chance to look into some of these numbers again, albeit still very early, what is the data showing? Yeah, so far we're seeing very promising numbers from Missouri, which again is the first state to launch sports betting in almost 2 years since North Carolina. So it's kind of a different experience when you have a state where it's taken so long. There's been a huge pent up demand for sports betting with surrounding states having it legal as well. Whereas over half a million active sports betting accounts detected just in the first week alone. Now that doesn't mean that. Half a million people, uh, were sports betting, you know, people can have multiple accounts, but there was a lot of geolocation checks processed by Geocomply. In fact, almost 19 million uh pings to its servers, which pretty much happen whenever you make a transaction on a sports betting account or whether you log in to verify that you're in a legal betting area. And according to Geocomply, the, the demand is very much in line with states around the same size, Kentucky, Louisa. Louisiana, Maryland, and Colorado, uh, which all had a lot of activity as well. So it's a very good start for Missouri, according to the people who watched this stuff. It was also, uh, the first week you had over a million, uh, sports betting, uh, app downloads, um, during the NFL since week two. So there's over a million app downloads last week, which obviously comes on the heels of Missouri's big launch and a 30% increase year over year. So, really big demand, not. Just in Missouri, but you see the 8 sports betting apps that are involved, really trying to push their apps to everyone across the US and, um, so far, it's been so good with Missouri. There was obviously the big Texans and Chiefs game. Uh, the Chiefs did not end up winning, but there were over 10,000 active accounts in Missouri. So a lot of activity around a very popular team. It'll be really interesting just to monitor, uh, activity and handle reports that come in. On the Chiefs throughout the rest of the season, if they make the playoffs or not, and we're gonna keep watching all the data and all the reports and see how Missouri kind of shakes out, um, if this is just a big spike in activity or if it's kind of the, the status quo for the market. The story isn't sports betting here on Newswire. It's gotta be surrounding, uh, casinos here, and it looks like, Sam, at least according to the column that you guys have up at Legal sportsReport.com, that the state of New York could be in a better position to get this going. Maybe that's our big story for 2026. Yeah, it would certainly be very big news if New York legalized online casino, not just because you only have 6 states where i gaming is legal, and not just because i gaming is really the endgame for sports betting operators. They want people to become sports betting users, and then they want states to legalize i gaming and sell them on a much higher margin product, but New York obviously is New York. It's one of the biggest states, so whatever happens there usually has a trickle. Down effect with other states we've certainly seen it in gaming when they raised taxes. Other states raised taxes when New York legalized sports betting. More states tended to do that as well. But uh with the the political environment in New York right now, they just took care of licensing the state's 3 downstate casinos. One is going to be near Citi Field, one is going to be near the Aqueduct Racetrack in Queens. The other a Bally's. Location in the Bronx and the main component or the main proponent of gaming legislation in New York, Senator Joseph Adabo came out this week and said, now that we have that taken care of, uh, taken care of, it's a lot easier for us to focus on i gaming when in the past, last year, you even had Senate leadership come out and say we're just not ready to do this. We still have to work through the casino stuff. We have a lot of other issues. By the way, they also just banned sweepstakes casino. Casinos which are essentially i gaming casinos that are not following the law because of a loophole and mechanism. They just banned that. So he also came out and said that, you know, that's another major step is before you can legalize something, you have to crack down on the bad actors, which we certainly saw with sports betting as well. So, he's gonna have a bill that comes forward in 2026. The next step will be to watch Governor Hochel's budget process, whether iGaming is folded into there, that would. that would make it a lot more easier, easy for it to pass if it's going to be part of her plan to raise revenue. They're gonna have to still go through responsible gaming concerns, safety concerns, integrity concerns. It's all very early on in the process, but, uh, so far it looks like this is as good a year coming up as any for New York to legalize, um, online casino legislation, and it could always have a trickle down effect with sports betting legislation as well. There's been talk of. Uh, you know, banning sports books from placing limits on bettors if they don't have to do with integrity or, uh, responsible gaming concerns, and there's been some more talk of expanding New York's sports betting market as well, which I know operators would really hope happens. So, New York, either way, looks to be a big state for, uh, gaming legislation in 2026. Uh, we'll know more in about a month when the budget process starts, and we'll keep watching, uh, throughout the whole process. Sam, great stuff as always. We'll catch up later in the week. Appreciate you coming on Newswire. Thanks again. Yeah, thanks a lot, Greg.

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