California's two initiatives concerning online gambling regulations are set to be the most expensive ballot campaign in U.S. history. The measures would make sports betting in the state legal both in person and online.

Currently, the U.S. is a patchwork of regulations on betting. One gray area that's grown in the past several years is the popular online streaming platform Twitch. Gambling content on the platform has received a lot of attention recently, to which Twitch responded with a partial gambling ban.

We talk about California's gambling initiatives, Twitch's new gambling policy, and the future of betting online.

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