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Betting on the Big Game: Culture and Regulations
This chapter explores the cultural phenomenon of Super Bowl Sunday, focusing on food, advertisements, and the game itself while analyzing the evolution of sports betting in the U.S. It highlights the formation of CalSHI, an online platform offering unconventional betting options amid stringent regulations, and contrasts the legal landscapes of sports and political event betting. The discussion addresses the complexities of futures contracts, consumer protections, and the differing regulations between traditional sports betting and futures trading, shedding light on the implications for bettors and investors alike.