00:00So the new numbers have come in, and I was woefully short.
00:04Calci took over a billion dollars in wagers.
00:06A billion dollars?
00:07Yes, over a billion dollars in wagers.
00:10Now, I want to show you a difference here, okay?
00:12Mm-hmm.
00:13Calci, which is one of probably about 10 now prediction markets.
00:18There's Calci and Polymarket, they're the big two.
00:21Yeah.
00:21And then you have, excuse me, all the other online legal casinos,
00:26FanDuel, DraftKings, Fanatics, BetMGM, all those guys,
00:31they've now gotten into the predictive markets because it's very lucrative
00:34and allows them to operate those types of things in states
00:38that have not legalized wagering yet.
00:41Yeah.
00:42Texas, California, and two of the 10.
00:44All right, so here's what's interesting.
00:46The Nevada books for the Super Bowl took in $134 million of wagers.
00:55Yeah.
00:55But that's, again, Nevada, in person, took in $134 million of wagers.
01:03Mm-hmm.
01:04Calci alone took in more than 10 times that.
01:08Now, that now.
01:10Vegas is dying.
01:11Yes.
01:11Now, just real quick.
01:13Yeah.
01:13On the $134 million that Vegas took in legal wagers in Vegas casinos,
01:19they made a net profit of $9.9 million.
01:23So, one city in America, only one city in America,
01:28made $10 million, essentially, off the Super Bowl.
01:31Calci took in over $1 billion.
01:34Not profit.
01:35Right.
01:35Total value of wagers.
01:37Right.
01:37And even if you do the same percentage, that's a lot of money that they made.
01:40Now, I'm not going to make the value judgment right now about whether we should or shouldn't be doing this amount of gambling.
01:46But I will say this, if it's this popular gambling at this level on the game, will the NFL, in your opinion, try to capitalize on it even more than they have?
01:58Yes.
01:59Now, there's class action lawsuits in a number of states right now against the predictive market, so that's going to have to play out first.
02:05But as you know, the NFL is greedy.
02:07Yeah.
02:07The NBA is greedy.
02:08Yeah.
02:09NHL already has a deal with Calci, as a matter of fact.
02:12So, here's what's going to happen.
02:13Once these court cases get heard, the floodgates are going to open again.
02:17And while they've taken billions of dollars from the legalized sports wagering market,
02:22they will do the same thing with Calci and Polymarket and all the other ones that pop up.
02:26So, here's what's interesting.
02:28There is a rapper named Remy.
02:30I'm not sure if you know him.
02:31I was not familiar with him.
02:33R-E-M-E.
02:34It might be Reem if I'm pronouncing it wrong.
02:36My apologies, okay?
02:38So, he's very good friends with Drake.
02:40So, he made a wager, $177,000, trying to win $400,000, that Drake and Cardi B would not perform during the halftime show of the Super Bowl.
02:53Oh.
02:54Now, he's friends with Drake.
02:55Right.
02:56So, as the story now goes, he called Drake up.
02:59Drake said, I ain't performing.
03:01And I don't think Cardi B is either.
03:03Right.
03:03Okay.
03:04As you said yesterday, during the halftime show, Cardi B actually did not sing or rap.
03:11Cardi B danced.
03:12She did.
03:12So, according to the Calci predictive market, her dancing on camera for over 60 seconds constituted a performance by their definition of what a performance is.
03:25Makes sense.
03:25And I'm buying, I'm going to buy the story as factual, that it was written out.
03:29Okay.
03:29How they define a performance if those, for those people that want to wager on it.
03:34Yeah.
03:34So, there's a rapper named Remy Arim, whatever his name is, who wagered $177,000, trying to more than double his money.
03:43Right.
03:43That Drake and Cardi B would not perform at halftime of the Super Bowl.
03:49So, when Calci graded it, Calci graded it as, Drake did not perform, but Cardi B did.
03:57The dude lost his money.
03:58his, Drake charges, Keith, me, were there, could be $ará 스et sew.
04:05And we were talking.
04:08There they were crying.
04:09Bye.
04:09Okay.
04:10Bye.
04:10Bye.
04:11Bye.
04:11Bye.
04:12Bye.
04:12See you.
04:12Bye.
04:13Bye.
04:13Uh oh.
04:13Bye.
04:13Bye.
04:14Bye.
04:15Bye.
04:15Bye.
04:16Bye.
04:16Bye.
04:16Bye.
04:17Bye.
04:17Bye.
04:17Bye.
04:17Bye.
04:17Bye.
04:18Bye.
04:19Bye.
04:20Bye.
04:20Bye.
04:24Bye.
04:25Bye.
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