Daily Archives: June 11, 2022

CISA, and FBI Expose PRC State-Sponsored Exploitation of Network Providers, Devices – National Security Agency

Posted: June 11, 2022 at 2:08 am

The National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), and Federal Bureau of Investigation (FBI) released a Cybersecurity Advisory (CSA) today, Peoples Republic of China State-Sponsored Cyber Actors Exploit Network Providers and Devices. The advisory highlights how Peoples Republic of China (PRC) actors have targeted and compromised major telecommunications companies and network service providers primarily by exploiting publicly known vulnerabilities. Networks affected have ranged from small office/home office (SOHO) routers to medium and large enterprise networks.The PRC has been exploiting specific techniques and common vulnerabilities since 2020 to use to their advantage in cyber campaigns. Exploiting these vulnerabilities has allowed them to establish broad infrastructure networks to exploit a wide range of public and private sector targets.General mitigations outlined in the advisory include: applying patches as soon as possible, disabling unnecessary ports and protocols, and replacing end-of-life network infrastructure. NSA, CISA, and FBI also recommend segmenting networks and enabling robust logging of internet-facing services and network infrastructure accesses.The advisory is broken down into three sections: an explanation of common vulnerabilities exploited by PRC state-sponsored cyber actors, an introduction of how telecommunications and network service provider targeting occurred through open source and custom tools, and an overview of recommended mitigations.The information in this advisory complements NSAs previous releases, Chinese State-Sponsored Cyber Operations: Observed TTPs and Chinese State-Sponsored Actors Exploit Publicly Known Vulnerabilities, and continues to highlight the cross-organizational partnerships between NSA, CISA, and FBI in protecting U.S. critical systems against PRC cyber actors.Read the full advisory for more details about this malicious cyber activity and how to take action against it to prevent further exploitation.For additional cybersecurity advisories, visit NSA.gov/Cybersecurity-guidance.

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NSA Honored For Diversity In Surveillance Footage – The Onion

Posted: at 2:08 am

FORT MEADE, MDPraised as a leader in centering people from groups not traditionally represented onscreen, the National Security Agency was honored Monday for its diversity in surveillance footage. In a time when people from marginalized communities long ignored in the media have to fight for space on the screen, the NSA has used its vast network of surveillance cameras to center minority stories, said Terrence Walz of the American Civil Liberties Union, presenting a plaque to NSA director Paul Nakasone and singling out the agencys PRISM and Upstream initiatives for their focus on portraying people from minority groups in the environments in which they actually live. Many organizations pay lip service to minority perspectives, but the NSA really understands the assignment. It routinely centers people from every background in its surveillance effortsBlack or white, gay or straight, people of every creed and ethnic group are prominently featured in the NSAs work. In fact, there are many examples in which the NSA films only people from marginalized backgrounds, and its many hundreds of hours of footage highlight its commitment to ensuring these groups are seen onscreen. We commend the NSA for its dedication to centering underrepresented voices, and we hope it serves as an inspiration to others for telling more diverse stories. This is what America looks like. Nakasone added that he just hoped the NSAs work would encourage young people from marginalized backgrounds to see themselves and their stories as worthy of constant government surveillance.

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Prophet remark row: Iran pulls down its version of meeting with NSA Ajit Doval – Times Now

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NSA Ajit Doval with Iranian Foreign Minister Hossein Amir-Abdollahian and other dignitaries during a meeting, in New Delhi

Photo : PTI

"My understanding is that what you are referring to in a readout has been pulled down," said Bagchi, who was responding to a question on the issue.

According to news agency PTI, the now-deleted readout quoted Abdollahian as saying that Doval has reaffirmed the Indian government's respect for the Prophet Mohammad, saying offenders will be dealt with in an exemplary manner.

"Ajit Doval reaffirmed the Indian government and officials' respect for the Prophet Muhammad (PBUH), saying offenders will be dealt with, at the government and related bodies levels, in such a way that others will learn a lesson," the Iranian foreign ministry statement read.

"Amirabdollahian said Muslims are satisfied with the stance of Indian officials in dealing with the culprits," the statement added.

The Iranian Foreign Minister also hailed the Indian people and government for their respect for the divine faiths, especially the Prophet Muhammad, and also for the religious tolerance, historical coexistence, and friendship among followers of various religions in the country, readout further said.

Therefore, such raucous clamour neither suits India nor is rooted in India, and surely the followers of all religions in the Indian territory oppose such comments, the ministry statement quoted Abdollahian as saying.

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EGBA and European Commission experts to conduct webinar on online gambling advertising and IPR – Yogonet International

Posted: at 2:08 am

The European Gaming and Betting Association (EGBA) and VIXIO GamblingCompliance will host a webinar discussion about intellectual property rights (IPR) and online advertising for gambling services on Thursday, June 16.

In 2021, there was a 55% decrease in advertising from major gambling brands appearing on IPR-infringing websites in the European Union, while advertising from all gambling brands decreased only marginally, according to organizers, who furthercite data showing that the gambling sector is responsible for 25% of advert impressions on IPR-infringing websites in the EU.

Key topics to be addressed include the role regulators can play in preventing gambling advertising on IPR websites, the debate around unlicensed operators as a potential cause for this issue, and how operators can ensure their affiliates do not promote their brand on illegal websites.

The expert panel will include Daniele Perrone, Senior Legal Advisor at EGBA; Anglique Monneraye, Policy Officer, DG GROW, European Commission; Filip Petru, Gambling and Affiliate Compliance Director, White Bullet; and Harrison Sayers, Journalist, VIXIO GamblingCompliance.

"The internets advertising ecosystem is very complex and can lead to advertising from legitimate brands, including gambling companies, finding itself placed on websites and apps which infringe upon IPR, such as streaming websites for sports, movies, or TV shows,"organizers explain. "These types of websites or apps generate their revenues by selling advertising space but the presence of advertising from legitimate brands on these platforms can confuse consumers and lead them to believe that the content provided on these platforms is legal."

"This webinar will explore the issue further and outline practical steps that gambling operators and their advertising affiliates can follow to promote responsible advert placement and protect IPR," they conclude.

Online registration is available here.

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Kindred secures gambling licence in the Netherlands – PR Newswire

Posted: at 2:08 am

VALLETTA, Malta, June 8, 2022 /PRNewswire/ --Kindred Group has been granted a gambling licence by the Netherlands Gambling Authority. The licence is an important part of Kindred's strategy to operate in locally licenced markets and follows an extensive application process including successful completion of relevant audits. Kindred's flagship brand Unibet will launch its Unibet.nl site in the coming days and a Capital Markets Day will be hosted on 14 September.

Kindred Group (Kindred) has received an approval from the Dutch Gambling Authority (Kansspelautoriteit, KSA) to offer commercial online gambling and betting under the Dutch Remote Gambling Act. The licence grants Kindred Group permission to operate in the Dutch market as of 8 June 2022. The approval from the KSA follows an extensive process to secure Kindred's 20th local licence and represents an important step in the Group's ambition to increase its share of revenue from locally regulated markets.

"The Netherlands is a large and important European market and one that we look forward to operating in with a local licence. We have been advocating local licence schemes for the past decade, and are thrilled that our newly awarded licence in the Netherlands will allow us to deepen and develop our involvement in the Dutch society, as well as actively contribute to a fair and sustainable gambling market. As part of our long-term ambitions and strategy, we are eager to provide a safe, secure and entertaining gambling experience for Dutch customers", says Henrik Tjrnstrm, CEO of Kindred Group.

"We are fully committed to establish Kindred's role as a responsible, trustworthy and valuable gambling operator on the Dutch market through our flagship brand Unibet. Our corporate purpose to `transform gambling by being a trusted source of entertainment that contributes positively to society' sits at the heart of our `Unibet Impact' programme which is solely dedicated to foster a safer and more responsible online gambling industry. We want to convey entertainment to the Dutch society and are very keen on bringing the joy and excitement of sports to everyone", says Anne-Jaap Snijders, Chief Commercial Officer, Kindred Group.

Kindred will host a Capital Markets Day (CMD) on 14 September in London where a thorough introduction to the Group's long-term strategic direction and the market entry into the Netherlands will be given. Senior management will present strategic areas and projects to enable growth and profitability in locally regulated markets. More information about the CMD will follow.

This disclosure contains information that Kindred Group is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 08-06-2022 07:00 CET.

CONTACT:

Alexander Westrell, Director of Communications

[emailprotected], +46 73 7071686

Patrick Kortman, Director of Corporate Development and Investor Relations

[emailprotected], +46 72 3877438

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kindred-group/r/kindred-secures-gambling-licence-in-the-netherlands,c3581563

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Hockey gambling expert’s personal experience shows good and bad of sports betting – CBC.ca

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The first rule of sports betting: don't bet on sports.

That's what hockey gambling expertDom LuszczyszynofThe Athletictold CBC Sports' Morgan Campbell on the latest episode ofBring It In.

Campbell's full interview withLuszczyszynis featured among the video series'deep dive into all aspects of sports betting the good, the bad and the ugly. The video also features interviews with Northstar Bets CEO Michael Moskowitz and CBC Sports contributor Dave Zirin.

The episode is available exclusively on CBC Gem.

Luszczyszyn's statistical model, which weighsindividual players, team success, rest and game location to formulate win probabilities on any given game, informs daily betting guides he posts to the website.

He's notsure whether to call it an addiction.

"It's hard to really discern when it's become a part of my job and career and because I know that I'm good at it, it's hard to know where that line is,"Luszczyszynsaid."But I think for me going forward, knowing what I went through this year, knowing how dark things got, there are definitely signs and red flags of understanding where things are a bit too much and understanding and what point I need to stop."

The hockey writer fully detailed his experience with gambling in an April Twitter thread, weeks after single-game sports betting became legal in Ontario.

The move was a long-time comingand celebrated by many. But with it came the onslaught of advertisement from gambling companies trying to attract more users and their money.

The ease with which Ontarians can now gamble on sports leads to additional risk of financial troubles and addiction.

"The casual person going into sports bettingif they don't know any better, if they don't know who to follow, if they are just going by their gutthey'll probably lose money long-term,"Luszczyszynsaid.

To that end, he advised setting aside a bankroll (money one can afford to lose on gambling) and not moving past that limit, while allocating only up to three per cent of that total per each bet.

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The Evolution of Gambling in Africa – Africa Feeds

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The history of gambling in Africa is an interesting one. Ancient Africans played many games of chance. Ancient Egyptians played dice, and in many parts of Africa, horse racing was a common practice. In fact, in different African cultural contexts, destiny or luck remains a crucial success factor.

Africa may not be a common site for casinos as you have in Monte Carlo, Singapore, Vegas, and other parts of the world today. Still, Africa is an emerging gambling market that enjoys large youth patronage.

Most of the current gambling in Africa exists in the form of sports betting and virtual bet opportunities. Africa may not be one of the most popular gambling enclaves. Still, the growth of sports betting in Africa suggests that it is not a new development on the continent.

To understand Africas history and relationship with gambling, it is essential to look at the makeup of Africa. The 54-nation continent is made of many different parts. To the North of Africa, we have Africans of Arab extraction whose predominant religion is Islam.

The western part of Africa features a mixture of Christianity, Islam, and the traditional African Religions. However, it is still largely dominated by Islam. Central Africa also shares a mixture of religions with West Africa. The same extends towards South Africa, where more people practice the traditional African religion.

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The emphasis on religion is important because most Africans have substituted their original cultures for the culture of their religions. From a broader perspective, when the religions of Islam and Christianity came to Africa, many Africans dropped their cultural practices for the religions. Over time, they began to practice the cultures of their chosen religion.

You may be wondering why it is important to explain these religious contexts. In many parts of North Africa, especially in countries where Islam is a major religion, gambling is prohibited based on religious tenets. So, while some form of gambling was a part of African history, the advent of foreign religions contributed in no small way to the reduced patronage of gambling on the continent over the years.

Today, African society is embracing more liberal practices, especially in countries with multiple religions. The problem of poverty is also a considerable challenge that many young people in Africa are facing. As a result, gambling began to gain prominence in the 90s gradually.

Now, Africa is the largest continent, with sports betting shops, lotteries, and online casinos continuing to spring up on the continent every other day.

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The evolution of gambling in Africa has taken different forms in different locations. Sports betting shops and online casinos are popping up from every angle, but how did Africa get to this point in gambling?

Currently, Africas largest gambling market is in South Africa. South Africas leading industry features prominent bookmakers running physical casinos alongside other online and offline gambling options. Betting in South Africa had passed through many cycles with several legal challenges until after Apartheid in 1994, when the South African government legalized all forms of gambling. This was followed by a detailed gambling act and a well-defined lottery and casino system that served as the blueprint for most countries in Africa.

Nigeria has the next largest gambling market in Africa, but gambling regulations in Nigeria are sloppy. Today, Nigeria is a fertile market for lotteries and online sports betting. Casinos are not common because the available ones are reserved for rich patrons. Still, there are a lot of online casinos operating in Nigeria and other African locations.

The success enjoyed by lotteries draws its roots from pool betting, which thrived in the 90s and early 2000s. Nigeria, however, is facing a problem of several illegal betting platforms and practices even though there is a National Lottery Regulatory Commission that was set up to curtail illegal practices.

Kenya is another vibrant gambling market in Africa with several gambling platforms ranging from horse racing to casino gaming and sports betting, mostly on foreign platforms. Kenya also has a Board in charge of betting, which carries out periodic checks on the gambling practices in the country.

Egypt is the biggest gambling spot in North Africa. Gambling in Egypt is well regulated, with periodic checks on gambling facilities, including casinos.

Africas relationship with gambling is still evolving. African gambling is not yet on the level of gambling in other parts of the world. Still, it has progressed significantly in a short time. The problems of poor regulation must be addressed and tackled headlong to deliver a bright future for African gambling.

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FanDuel CEO on Sports Gambling’s Big Boom – The Journal. – WSJ Podcasts – The Wall Street Journal

Posted: at 2:07 am

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.

Kate Linebaugh: If you've been watching the NBA playoffs, you've probably heard an ad like this one.

Charles Barkley: Let's say you win the first game of your parlay, and you're not sure about bet number two.

Speaker 3: Hey, come on, man.

Kate Linebaugh: That's NBA legend, Charles Barkley, doing an ad for the sports betting company, FanDuel, one of several online gambling companies sports fans use to place bets

Charles Barkley: With FanDuel, you can cash out right there and then, and let the voice in your head think about something else.

Speaker 3: Hey, what would you rather have?

Kate Linebaugh: The online sports betting industry is growing quickly, so quickly that sports networks like ESPN have even created entire shows around it.

Doug Kezirian: Welcome into Daily Wager. I am Doug Kezirian. We'll be with you for the next hour right here on ESPN News and we'll bring you the latest developments in the betting world, roster changes, line moves, analysis.

Kate Linebaugh: More than a dozen states have legalized online sports betting in the last few years. And that's because in 2018, the Supreme Court repealed something called PASPA.

Amy Howe: It was the Professional Amateur Sports Protection Act and effectively what it said is that there was a federal ban on online sports betting, and in 2018, the Supreme Court repealed that and they said each state can decide if they want to legalize online mobile sports betting.

Kate Linebaugh: That's Amy Howe, the CEO of FanDuel. She took over the company last year and it's a job that comes with a lot of challenges. There are concerns that companies like FanDuel could fuel gambling addiction. And some fans think that being able to place bets from your phone is changing how we watch sports entirely.I spoke with Amy Howe about these issues and how her company is trying to make sports betting mainstream. Welcome to The Journal, our show about money, business, and power. I'm Kate Linebaugh. It's Tuesday, June 7th. Coming up on the show, FanDuel's CEO on how to win big in the changing landscape of legal sports gambling. All right. So let's dig in with the tough questions. What's your favorite sport to watch?

Amy Howe: For me, personally, I think football. Partly because my boys are so into it, but I grew up in Buffalo, New York. I'm a huge Buffalo Bills-

Kate Linebaugh: Oh man.

Amy Howe: -fan.

Kate Linebaugh: No way. I grew up in Rochester.

Amy Howe: Oh, you did?

Kate Linebaugh: Yes. Yeah.

Amy Howe: So, so we must have that same bond, and I don't know if you were as devastated as I was when the Bills lost to the Kansas City Chiefs this year, but-

Kate Linebaugh: Weren't they robbed?

Amy Howe: Yeah, they were. And you know they changed the overtime rule after that.

Kate Linebaugh: Yes, I do.

Amy Howe: Yeah.

Kate Linebaugh: What about the NBA finals? Who's your money on? The Celtics or the Warriors?

Amy Howe: Oh, I'd like to see, as much as the fact that I live in the state of California, I'd kind of like to see the Celtics win.

Kate Linebaugh: Old school?

Amy Howe: Little bit.

Kate Linebaugh: Okay.

Amy Howe: Little bit. Yeah.

Kate Linebaugh: Yeah, yeah. Amy joined FanDuel in February last year. She came over from Ticketmaster.But, sort of like cigarettes or alcohol, gambling is traditionally considered a vice. How did you think about that as you went into this job?

Amy Howe: I think the way I thought about it was gambling is happening already. It's been happening for decades, whether we want to admit it or not. There's a massive illegal black market out there. And so, I knew the trends from a regulatory perspective. I felt like I could bring all the pattern recognition and history that I had from Ticketmaster, but also really help lead the industry and our company in a way that contributes to the viability of the business longer term.

Kate Linebaugh: States are legalizing gambling, but it's not widespread yet. What are the challenges in navigating this nascent regulatory landscape?

Amy Howe: I mean, first of all, from the outside you may think it's a very organic process for states to legalize. I can tell you it's not as straightforward as it looks. We have a regulatory team that's working state by state with a number of different-

Kate Linebaugh: Lobbying.

Amy Howe: Lobbying, that's exactly right. So we were able to use a lot of those lobbyists and a lot of that pattern recognition when PASPA was repealed to help open up the states. But there's no single state that looks the same. The path to legalizing in New Jersey is very different than Connecticut versus Arizona. And so there's a lot of art and science in how you do that. I think at the end of the day comes down to a couple of core arguments, which is by legalizing, we're doing two things. You're protecting consumers from illicit operators who don't have the same standards that I do as the operator of FanDuel, but you're also economically benefiting the states. All of that money would be going to illicit operators. So the arguments are quite compelling, but the path to get there can look very different state by state.

Kate Linebaugh: Do you think there are some states that won't ever pass it?

Amy Howe: Yeah, I think it's going to be, well, if you're asking are we going to see a world where all 50 states legalize? I think that's going to be a very long time. You and I may not see that. I think that there's still a tremendous amount of momentum, so we're not even close to seeing the headway that we ultimately will see, but I think it's going to be a long time before you see all 50 states legalize.

Kate Linebaugh: And one of the reasons some states resist legalizing has to do with worries around gambling addiction. How do you respond to concerns that FanDuel and your competitors are fueling more addictive behavior?

Amy Howe: Yeah, it's a great question. And listen, Kate, I am so proud of what we're doing on this front. And I'll tell you as right now as the number one mobile gaming operator, it is by far one of the most important priorities. But if you look at my organization, I have a risk and compliance team of well over 150 people that are just focused on monitoring risky play and making sure we're not seeing any abuse around anti-money laundering. But most importantly, there's a lot of what we're doing around how we build our tools and products to let consumers set wager limits and deposit limits, and if they're really struggling to block some of these sites, so tons of investments, and it's endemic to what we do.

Kate Linebaugh: But isn't that a tension? Like part of your business is fueled by the addictive quality to it, by the excitement of winning. And yet you're also being called on to turn that off for some people. Can you talk about balancing that tension?

Amy Howe: Yeah. I mean, listen, we don't think of it as fueling addictive personalities. What we think of it is as if you look at a consumer data on this, 90% of consumers view betting as a form of entertainment. They view it and they do it because if you take sports betting as an example, it enhances the experience. When you're engaged in the, not just the outcome of the event, but take the Super Bowl. We had Pat McAfee had a four leg, same game, parlay. We had a quarter of a million users that were quote unquote riding along on that same game parlay. So it just makes the overall event more interesting. So it's not about fueling addictive behavior. It's about making sure that we can deliver a great entertaining experience, but keep it within your limits. And every consumer has different limits based on both their own preferences and their profile.

Kate Linebaugh: And how do you think about minors in particular? Managing concerns that legal online gambling could introduce more young people to gambling at a young age.

Amy Howe: There's a few things that we're do. Some we have to do. All customers provide Social Security number, date of birth, and our system effectively matches that data up against a third party to fully verify that individual before they're ever allowed to place a bet legally. So that's the first thing. And I will tell you, I mean, I look at the data all the time, but there are a lot of consumers that never make it all the way through that process. So it's important for everybody to know that. And I think a lot of that is not well understood.And then, the other thing we are very cautious of is we don't want FanDuel to be promoting college sports in the sense that I don't want, obviously we take bets on college basketball and college football, but I don't want a FanDuel logo to be showing up on a college football jersey or a basketball jersey. There's certain lines that we will draw around how we promote our brand that I think are important, at least for our company, in terms of how we want to position our brand in the marketplace.

Kate Linebaugh: Coming up, FanDuel's CEO answers the question, does the house always win?Something that you've been outspoken about is trying to bring more women into online sports gambling. Why is that important to you?

Amy Howe: Yeah, well, listen, this is something that I felt strongly about at Ticketmaster and I go back to when I went to one of my very first sports industry events and I walked into the conference room and it was literally a sea of men, a sea of white men, mostly, but it was a sea of men. And I thought to myself, "Gosh, we have a lot of work to do as an industry around not just gender diversity, but diversity in general."And so part of why I'm so passionate about advocating for women in sports betting is for a couple of reasons. One is, if you look at the data, almost 50% of sports fans are women. It's not that women don't like sports. It's just that so far, we haven't made it that accessible to women. Somewhere between 15 to 20% of sports betters are women. And so you just look at that, inherently you know there's an opportunity there.

Kate Linebaugh: But it can also be dangerous. Like how do you think about exposing new demographics to gambling?

Amy Howe: Well, we have objectives. It doesn't matter what your demographic is, in the first 30 days of having a new customer on our platform, where we have to reach you with certain responsible gaming messaging, introduce you to the tools we have, and so part of there's three metrics that our organization is held accountable to. And one of them is how we think about new users on the platform, so it doesn't matter if you're a male or a female or a 21 year old or a 50 year old. We have to expose you to some of this messaging and training early on.

Kate Linebaugh: How are you trying to get more women into sports gambling?

Amy Howe: It's a great question. And, listen, I think the word trying is important, because there is an element of experimentation and test and learn. We were actually one of the first to take bets on women's March Madness, couple years ago. And this year we saw there were well over a million bets placed on women's March Madness, which is a big movement from the previous year. So I think part of it is we are sponsoring those organizations and trying to advocate for those athletes.In terms of how we reach the female audience there's a couple things that we're experimenting with. One is we created a product, it was actually a fantasy sports product with a gist where it was for women by women, and as I said, it was kind of this community aspect to it.

Kate Linebaugh: Was it pink?

Amy Howe: No, it wasn't pink.

Kate Linebaugh: Oh, good.

Amy Howe: Good Lord. So we were trying to tap into that insight that if you bring women together in a community and leverage a product that is consumable for them. So that was kind of an interesting experiment.

Kate Linebaugh: How do you think about how the ability to legally bet on sports is changing sports?

Amy Howe: Yeah. It's changing it quite a bit. If you look at, we did some research with our NFL and NBA consumers in particular, and those users are 75 to 80% more likely to watch the game if they're betting on the game as well. And, again, it's not just about who's going to win, what's the over/under, but it's the engagement during the event itself, it's betting on the parlay and same game parlay products that just makes it much more engaging. It's changing live sports in a way that you wouldn't have seen a few years ago and it's legitimizing it. When you have the biggest leagues in the world, the NFL, the NBA, that are partnering up with us in figuring out how they use sports betting to enhance and evolve their product, it's become a part of mainstream sports and culture. It's fun to see just how quickly that part is changing.

Kate Linebaugh: But the thing that non-gamblers like myself think is that the house always wins.

Amy Howe: That's not true. If that were true, we wouldn't have many consumers back. No, in fact, there are many weeks where, listen, we joke about it, but we call them punter friendly weeks. There are many weeks where we may lose quite a bit of money because the consumers won. And we want that. We want consumers engaged. But if you're constantly coming to a sports betting platform and you lose every time, that's not a very gratifying experience either.

Kate Linebaugh: Right. But I thought the whole thing is like you can win a little, you can win a little, you got to let some people win, but overall you need results.

Amy Howe: Well, but even though we have lots of great data and models and pattern recognition around how the lines are set and what the odds are for any given bet. You're a sports fan. You watch things. And there's a lot of very unpredictable things that happen in the sports world.

Kate Linebaugh: Let's talk about the Kentucky Derby.

Amy Howe: Yeah.

Kate Linebaugh: Rich Strike. How was that for FanDuel?

Amy Howe: That was a good week for consumers.

Kate Linebaugh: Okay.

Amy Howe: No, but those are the stories you love. I mean, that's part of, we always talk about sporting events being these unforgettable moments. But even if you're not an avid horse racing fan, people remember those moments.

Kate Linebaugh: They do. And I watched the Kentucky Derby a lot, and I don't remember most of them, but I remember this year's.

Amy Howe: Yeah, yeah. Exactly.

Kate Linebaugh: All right. Well, Amy, thank you so much for joining us.

Amy Howe: Thank you. Enjoyed talking.

Kate Linebaugh: That's all for today, Tuesday, June 7th. The Journal is a co-production of Gimlet and The Wall Street Journal. Thanks to Katherine Sayre for her help with today's episode. Thanks for listening. See you tomorrow.

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Education to benefit from New York State’s new gambling revenue stream – Bond Buyer

Posted: at 2:07 am

Since New York legalized the sports gambling industry five months ago, residents of the state have made almost $6 trillion in bets, according to the New York State Gaming Commission's latest numbers.

In January, legislation took effect allowing nine authorized bookmakers to begin accepting wagers statewide. Those companies have grossed $425 million since, which has given the state - which taxes the earnings at 51% - an additional $243 million in revenue headed into the new fiscal year.

According to Gov. Kathy Hochul, whose office announced the figures last week in a written release, New York has earned more from the industry in just five months than most states that have in years, quickly cementing its position as a "leader among states in implementing successful gaming policies."

Bloomberg News

Even though the gambling haul far exceeded expectations, practically every dime is destined for "elementary and secondary education and grants for youth sports programming, along with problem gambling prevention, treatment, and recovery services," according to the governor's office.

Recently passed budget legislation dedicates 80% of the proceeds to education aid, to be distributed among the states school districts equally. An additional $6 million will be set aside annually for gambling awareness and treatment efforts.

Legislation put forward by Assemblymember Monica Wallace directs a portion of annual gambling revenue into a grant fund controlled by the Commission for Health and Child Services, aimed at developing fair-access youth sports programs statewide.

The plan guarantees 1% of the first years revenue to the fund, followed by $6 million per year after that. The money will eventually make its way to a network of nonprofits and local organizations whose expertise in youth mentorship and sports training make them ideal on-the-ground program implementers.

While welcome, the gambling revenue is a drop in the states massive budget bucket.

The announcement comes almost two months after Hochul signed off on New York's largest ever budget which included $220 billion in spending.

While monthly reports from the Gaming Commission show gross revenue intake by authorized bookmakers decreasing below initial highs, state officials believe the industry is still likely to rake in hundreds of millions annually. As aid, those proceeds will free up millions of dollars for municipalities as education is often a top cost for local governments.

While gambling proceeds will continue to be off-limits to all but those select initiatives, current legislation can be amended or replaced in the next year's budget negotiations.

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Education to benefit from New York State's new gambling revenue stream - Bond Buyer

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YouTube To Loosen Masthead Ad Restrictions For Alcohol, Rx Drugs, Gambling 06/13/2022 – MediaPost Communications

Posted: at 2:07 am

YouTube has updated ad requirements for its masthead to allow previously prohibited consumer categories in certain states and countries to run.

Ad bookings for the YouTube masthead,effective today, will be accepted for certain consumer product categories, including sports betting in the United States, only; and alcohol and prescription drugs in the U.S., Canada, and NewZealand.

Changes in regulations for sports betting prompted the change. For example, online sports betting is now legal in more than 20 states, seven of which came online in the past year,according to YouTube.

It became legal in Wyoming, for example, in September 2021, in time for the NFL season. Those who want to place bets could wagers on sports at several online sportsbooks.Sports betting in Connecticut came online in late 2021.

Success for its new per market YouTube masthead format also contributed. The company believes that this decisionbalances the needs of advertisers and consumers.

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Categories such as election and political ads and gambling, for the exception of sports betting, remain restricted from themasthead. YouTube announced the changes Friday.

It's not clear if advertisers in those categories have already booked time in the masthead.

Other ad formats on YouTube or Google Searchwill not see the same change.

YouTube informed advertisers in 2020 the company would discontinue full-day masthead reservations and replace them with more targeted, market-based options. Thisoption, cost-per-thousand (CPM), made mastheads more accessible to a range of advertisers. It also provided more options for their ad campaigns.

YouTube will update its ad requirements toallow assets related to some previously prohibited consumer product categories, as long as they comply with the related Google advertising policy.

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YouTube To Loosen Masthead Ad Restrictions For Alcohol, Rx Drugs, Gambling 06/13/2022 - MediaPost Communications

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