Wallach Calls Out NCAA Hypocrisy When it Comes to Studen Athletes and Sports Betting Endorsements
Last month, the US Supreme Court ruled that the NCAA cannot limit education-related benefits — like computers and paid internships — that colleges can offer their sports stars.
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That ruling comes at a time when the NCAA has already been debating how to amend its rules to allow college athletes to profit from their names, images and likenesses, often abbreviated NIL. That would allow athletes to earn money for sponsorship deals, online endorsement and personal appearances.
Gaming attorney Dan Wallach voiced his opposition to the American International College Athletics Compliance tweeting that student athletes would be prohibited from entering into endorsement deals with companies that own or operate sports betting apps. More specifically, the AICA hones in on media firm Barstool Sports.
Working with Barstool is not allowed because even if you don't promote gambling directly, you are still promoting a company that owns a sports betting site/app and that goes against NCAA rules and Massachusetts state laws
— AIC Compliance (@AIComplies) July 8, 2021
Wallach says such a stance is essentially opening up a can of worms. He does make an excellent argument.
Painting with a very broad brush here. Barstool the company does not receive any sports betting revenues. You know who does (or soon will)? Arizona pro sports teams, WFT, and the University of Colorado? And probably @AICAthletics as soon as it's legalized in MA. https://t.co/uzH7HYizQN
— Daniel Wallach (@WALLACHLEGAL) July 11, 2021
Wallach adds: By way of example, the New York Post now features sports betting-focused content from VSIN. Are you saying that a student-athlete can’t enter into a non-sports betting focused endorsement contract with either the New York Post or its corporate partner Fox News because they promote gambling?
- Jagajeet Chiba, Gambling911.com
