David Bradley From: Sent: To: Cc: Subject: Attachments: Zimny, Erich Monday, April 6, 2020 3:56 PM David Bradley; Kris Franko; Keith Morgan; Wesley Futch Rhea Loney; WEITNAUER, THOMAS; Karl Gambin; Jacob List; Anh Vu Election Markets Request Election Betting Proposal WV (1).pdf David & Team Submitting this request for an offering separately since it's a little different than the draft one, but both us and DraftKlngs would like to explore the posslblllty of offering political props on major election markets. I've attached a presentation prepared by DraftKings regarding some of the aspects of the political prop market. We certainly understand and respect that It's been an area you all have tread lightly on thus far and would - as always - welcome your feedback as to whether it would be something WV Lottery would entertain in whole or in part. If there are any further questions that could be answered, just let us know. I realize this would be new ground for us and Lottery but, as you could Imagine, In the struggle for markets to bet into these days, we're looking for what's out there that could entice some interest. Thank you again. ErichZmmy Vice President of Racing & Sports Operations Hollywood Casino at Charles Town Races POBox.551 Charles Town. WV 25414 1 DRAFTKINGS ELECTION BETIING IN WEST VIRGINIA CURRENT STATE OF ELECTION BETTING AG A INTEGRITY RECORD AND CONTROLS DESCRIPTION OF POTENTIAL OFFERING FORECAST CURRENT STATE OF ELECTION Wagering on politics is available and extremely popular in several of the world's largest overseas, regulated gambling jurisdictions • Election betting is available in the UK, Canada, Australia, and Spain, although notably absent in France and Italy. • The total amount matched on Betfair's (UK based) 2016 US election markets was roughly $284 mil, compared with $50 mil on the 2012 election, an increase of 468'Mt o • < ,tJaJfair .. . .................. 0 "-- Note that "matched" means that 2 people agreed on a bet rather than 1 person and a bookie, so the amount is effectively much higher In the UK, local politics has also been extremely popular to bet on (although notably less so than US politics), including the Brexit vote which drew around $166 mil in matched bets, and $65 mil on the night of the vote itself ·- USA .. PfC\i tfor�!Jl EINlicm 20:0 r...... :.:;:-. r_, jJ Q .... _ Matched on Betfair Exchange {Mil) 214 3IIO 250 .c:: 5C 5S 2C1&Elsmn An enormous number of US residents are going to offshore sites where they can find a wide range of election marl ---,.--......-- Given a lack of sportsbook alternatives, Bovada election odds are also regularly cited by reputable news sources +215 +236 < Mllla--A--.Jnlll3J7 Wlrlla' Na ·135 +105 +260 Eliubetllwa.ttn +900 +1000 m-More -2500 +8SO Betting on US elections locally is also happening via PredictlT and IEM Predictlt Iowa Electnonic Markets Ir" -- *E'rll'?rI" mun-~- v' I Moo! Hpo?cmu - Predictlt is based in New Zealand and is operated with support from DC?based ?rm Aristotle, Inc w, . a They offer US- and Global-based political markets a Each market is capped (<5.000 total traders in any particular contract) and has low limits (stake of $850) . The University of Iowa offers real money betting on a 0 Users can buy ?shareseach outcome few main us election-based markets at very low limits where each share price is quoted in cents and represents ($500) probability 0f the event happening (or not 0 Users buy ?shares" in the same way that they do on Predictlt 6 _Vl_lhen widely availablethrough lntrade, US political betting interest thrived InTrade was the most widely known US customer facing political betting site, peaking with the 2012 election 0 Domiciled in Ireland, it attracted many US users and achieved fame with incredibly accurate markets in the 2008 election 0 InTrade reported that $230 million was wagered on the 2012 Presidential campaign, through over a million transactions 0 Google analytics data shows there were over 50 million page views in Oct and Nov 2012 In 2008, they reported having over 82,000 members who were predominantly US citizens 0 Later outside estimates suggested over 40% of users were from the US 9 Due to regulatory concerns, the site stopped accepting US bettors and consequently shut down in 2013 105 too-10 Ian-11 tar-11 lily-11 lntrade Odds To Win Whin- mummy :Ill'l-H IluI-?l?l tun-11 rap-11 bet-11 hit-11 ice-11 tin-12 tab-12 tar-12 Mar-12 lay-12 Inn-12 yum ?942 rap-12 pm: vii-H7 INTEGRITY RECORD AND CONTROLS In regulated jurisdictions, we have not found any election corruption scandals where betting has been - Some possible reasons for the lack of scandals in election betting: Placing a bet with a regulated sportsbook or betting exchange is an extremely transparent activity 0 The amounts of money one could stand to make or lose in a betting market are small compared to those attached to campaign funding a The International Betting Integrity Association (IBIA, bet information sharing service for the major European operators) has not seen any suspicious bets related to politics since 2015, when public information has been made available IBIA Suspicious betting alerts since 2015 "tx??xx?xxf?gi W19 Draftl?ings, with the support of Kambi, has extensive internal controls to deter, ?Identify, and report betting behaVIor Automated and manual detection of unusual betting patterns - Automated and manual detection of fraudulent account use (such as multi-accounting) A 10?person department on call 24/7 to investigate integrity concerns on Active risk management at the individual market level including market limits and suspensions a Identity veri?cation including SSN and geolocation of bet placement of every customer 0 Sharing of suspicious betting information among the Kambi network and with other operators, including with members in the US, and IBIA (International Betting Integrity Association) overseas vii-r110 DESCRIPTION OF POTENTIAL OFFERING DraftKings is able to offer: an extensive range of local and overseas election markets which could be launched Immediately and exrst the rest of Its offering CI US markets include Winner - Presidential Election Winning Candidate - State Primary Winning Candidate - Primary Winning Party Overall Winning Party in each State Winning party - Senate race in each State Winning party - House race in each District Over/Under Seats for each Party - Senate Over/Under Seats for each party - House Over/Under number of States won Over/Under Electoral College Votes Obtained Turnout 000000000000 Various overseas election markets can also be made available including European Union, UK, French, Australian etc. elections See examples over page of what this would look like on the DraftKings website vii-rm Offering Wm Offering VHIM Offering Pn?tics $135313: HE - KINGS EAME. FORECAST WV and Revenue Projections DraftKings alone forecasts the US election to take over $1.1 million in wagers if betting is available by 5/1. It is also expected to attract new demographics to betting 0 Assuming current market share, WV as a whole could reach upwards of $2.5 million, generating $150k in theoretical revenue 0 The forecast assumes increases in betting around the ea?y primary contests and party conventions, but escalates substantially during the general election with fall campaigning, and head-to?head debates Placed Palm-s Hundll wow WV Politics Handle Projection vs Super Bowl 2020 511M . 't . -.--. I), r?r?d- 5mm I.. 52:: WW DI RAFT THE GENE KINGS THANK YOU David Bradley From: Sent: To: Subject: Jacob List Tuesday, April 7, 2020 1 :SO PM David Bradley RE: [EXTERNAL] Hi David, Yes we would very much be Interested In this and, furthermore, we would expect the federal nationwide markets to contribute the vast majority of handle. I have copied markets that we could offer that I believe flt that criteria below. We could offer as many or as few of these markets that WV Lottery deem appropriate. Winner - Presldential Election Winning Party Overall Over/Under Seats for each Party- Senate Over/Under Seats for each party - House Over/Under number of States won Over/Under Electoral College Votes Obtained Turnout% Please let me know any further questions or any other information that would be helpful. Thanks, Jake ----Original Message---From: David Bradley Sent: Tuesday, April 7, 20201:38 PM To: Jacob List Subject: [EXTERNAL] We have been discussing allowing wagers for political market maybe only restricting to federal nationwide markets, no state or local elections. Is this something you all would be Interested in and what wagers would you consider for this market? Sent from my iPad Confidentiality Statement: This communication (lncludlng any attachments) is intended for the use of the intended reclpient(s) only and may contain information that Is confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. Thank you for your cooperation. 1 David Bradley From: Sent: To: Subject: Attachments: John Sheeran Tuesday, April 7, 2020 2:10 PM David Bradley RE: EXC-SBK Politics.ppbc Hi David, Yep always a fan of the politics betting. Please see attached slides for your perusal, they contain detail on the appeal of the US presidential betting for our European business, can you imagine it in the US. Our current expertise would likely only stretch as far as the Presidential Election but would be willing to invest resource in it as a proof of concept. Happy to chat further on it if you feel you can go somewhere with it. Let me know if you have any questions. Regards John -----Original Message----From: David Bradley [mailto:dbradley@wvlottery.com] Sent: Tuesday, April 7, 2020 1:38 PM To: John Sheeran Subject: We have been discussing allowing wagers for political market maybe only restricting to federal nationwide markets, no state or local electlons. Is this something you all would be interested in and what wagers would you consider for this market? Sent from my IPad Confidentlallty Statement: This communication (including any attachments) is intended for the use of the intended reclplent(s) only and may contain information that is confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication Is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the orlglnal communication. Thank you for your cooperation. 1 Politics Exchange Performance - The biggest market in terms of volume matched in the history of the Exchange is the 2016 Next President market, matching more ?200m - It traded 5x more than the 2018 Worid Cup Final match odds market - Over 40,000 customers bet on the Next President market - Over ?70m bet on the day of the election as the odds ?ipped as results started coming in - The current Next President market has matched almost ?7m mania? .IMiun -I?l'm in ul mm mm {?.-.- . .Next Pruldent Dem Noumea mm."mas? ra- Clinton collapse on markets continue TRUMP [5 NW FAWRED ON PrlceWolume over tlme m; m3 r?i -, . ?impala i? a Donald Trump Elizabeth Warren Joe Bidell Bomlo Sanders a Penn autumn Humminton ?121 Politics Exchange Performance The Exchange markets get a lot of coverage as a reference point for news stories to add to context to how likely an event is to happen News agencies from the US referenced the UK markets throughout the campaign - Even Trump himself was paying attention to these stories, and thanked Betfair punters for making the favourite for the Republican nomination THE WALL STREET JOURNAL. Donald Trump Sparks Record Bets in Britain 1 2016 US Presidential Eiec?on - Nerd President it My Business Trump New Favorite to Take Republican Nomination, Betfair Says MHLM. Thank you! Bloomberg Politics SBK Offering Coverage The 2016 US Presidential Election is the biggest non-sporting market offered across our platforms in terms of volume. In many cases it surpassed the majority of sporting events that calendar year. SBK coverage aside from the ECG is extensive. Range of markets which can be made available on the SBK allows for an entertainment feel as well as the core/more serious offering. - Politics ls hugely popular with 1't Time Bettors especially when it comes to a marquee event such as a US Presidential Election 2016 Event - 96 of Overall Bets from Unique Bettors I I I "I'm Mll?ll?lim mm mm Men! 100m mew Millennium Meet this Trump addict whose OhiE job is Hill huh-?wt! lpu cull-mi? ?ll-r n- us 'I'h-Hh lull and main-II chitin-Ir? HI II St.- m? l! ?lly-mm m'il"m' DEW d' wm-Iu? ll? uh I at In ?mun-l- u?v?hhl?m ?in. hW?I?h?r hr In?- I a hIHh-hl- 1.4: Inn-I? kiwi-um ul- mmuh? 13 3- "mud?au- th?h?dm thlh?- huh Wis. it uh ?Ilium-I 1t jun-nil- 'hll?- I- ?i=3 .- hill-Hi nigh-?g. ?If Ill-l l-H Ilhhl? ?In ?numb?I- ?anti H_mm ?h?uhh II elm-?bula; 1m ?nk-w I II David Bradley From: David Bradley Sent: Tuesday, April 7, 2020 4:58 PM To: Jacob List Cc: Zimny, Erich; Kris Franko: Keith Morgan; Wesley Futch; Rhea Loney; WEITNAUER, Karl Gambin; Anh Vu; Daniel Kleeh; June Somerville; Brandie Justice; Tina Merritt; Laura Gatto; Scott Saunders Subject: Re: Election Markets Request Approved as submitted Sent from my iPad On Apr 7, 2020, at 4:17 PM, Jacob List wrote: Hi David, Just con?rming that this is an of?cial request on behalf of DraftKings for these markets. Let us know If you need anything further. Thanks for your help. Jake From: Zimny, Erich Sent: Tuesday, April 7, 2020 4:12 PM To: David Bradley Cc: Kris Franko Keith Morgan Wesley Futch Rhea Loney WEITNAUER, THOMAS Kari Gambin Jacob List Anh Vu Subject: Re: Election Markets Request David - And for clarity on our end, the specific markets we'd be submitting for under that scenario would be these: Winner - Presidential Election Winning Party Overall Over/ Und er Seats for each Party - Senate Over/Under Seats for each party - House Over/Under number of States won Over/Under Electoral College Votes Obtained Turnout Democratic Nominee Democratic VP candidate Obviously the seats in the Senate and House don't reference speciflc local races that contribute to the national body, but if it's problematic, please don't hesitate to let us know. Thank you (as always) for keeping an open mind with this and helping facilitate business within West Virginia. It's much appreciated. Erich Zimny Vice President of Racing Sports Operations Hollywood Casino at Charles Town Races PO Box 551 Charles Town, WV 25414 From: David Bradley Sent: Tuesday, April 7, 2020 4:02 PM To: Zimny, Erich Cc: Kris Franko Keith Morgan Wesley Futch Rhea Loney WEITNAUER, THOMAS uneaminrz.com>; Karl Gam bin Jacob List Anh Vu Subject: Re: Election Markets Request Eric, We will consider approving market for the national level. We will not consider markets for state or local elections. I have reached out to mobile apps to let them know. Any questions please let me know. David Sent from my iPhone On Apr 6, 2020, at 3:56 PM, Zimny, Erich wrote: David 8: Team - Submitting this request for an offering separately since it's a little different than the draft one, but both us and DraftKings would like to explore the possibility of offering political props on major election markets. i've attached a presentation prepared by DraftKings regarding some of the aspects of the political prop market. We certainly understand and respect that it's been an area you all have tread on thus far and would - as always - welcome your feedback as to whether it would be something WV Lottery would entertain in whole or in part. If there are any further questions that could be answered, just let us know. I realize this would be new ground for us and Lottery but, as you could imagine, in the struggle for markets to bet into these days, we're looking for what's out there that could entice some Interest. 2 Thank you again. Erich Zimny Vice President of Racing Sports Operations Hollywood Casino at Charles Town Races PO Box 551 Charles Town, WV 25414 Con?dentiality Statement: This communication (including any attachments) is intended for the use of the intended reclplent(s) only and may contain information that is con?dential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. Thank you for your cooperation. David Bradley I From: David Bradley Sent: Tuesday, April 7, 2020 5:02 PM To: John Sheeran Cc: Tina Merritt; Kris Franko; Keith Morgan; Daniel Kleeh; June Somerville; Brandie Justice; Randy Burnside: Scott Richmond Subject: Re: Politics Approved as submitted Sent from my iPad On Apr 7, 2020, at 4:14 PM, John Sheeran wrote: Hi David, Please see below a request for approval to offer wagering on the 2020 US Presidential Election. The markets we would consider offering are listed below: Winner of 2020 Election Democratic Nomination Democratic Vice Presidential Nomination US Presidential Election 2020 - Winning Party State by State Winning Party Please let me know if you require additional information relating to any of above. Regards John John Sheeran Director. Risk 8: Trading Cell: 310.259.3242 E-mail: David Bradley From: Sant: John Sheeran Tuesday, April 7, 2020 7:21 PM David Bradley Politics To: Subject: Hi David, For your perusal, please see below the link to the markets (we are continuing to get them onslte) https://wv.sportsbook.fanduel.com�P-Orts/navigation/10387.4/10388.4. Below Is the amended PR for you and the director, please feel free to reach out with any questions etc. Happy to share any detail I can. --------- FANuUEL FANDUEL SPORTSBOOK TO OFFER POLITICAL BETTING EXCLUSIVELY IN WEST VIRGINIA West Virginia Lottery Approves Wagers on 2020 Presidential Election April 7, 2020, New York, NY -- The 2020 Presidential election just got a bit more interesting. Today, the West Virginia Lottery approved the FanDuel Sportsbook to offer betting markets on the 2020 Presidential Election. Beginning today, the FanDuel Sportsbook will legally be able to take wagers and post odds for the following categories: • • • • • Winner of 2020 Election (Trump -110, Biden +125) Democratic Nomination (Biden -714, Cuomo +1400, Sanders +1600) Democratic Vice Presidential Nomination (Harris +188, Klobuchar +400) US Presidential Election 2020 - Winning Party (Republican -125, Democrat -110) State by State Winning Party The FanDuel Sportsbook in West Virginia will be able to take online wagers immediately on political markets and eventually at the FanDuel Sportsbook inside The Greenbrier. Betting markets will only be available for national elections. Local or state elections are not permitted. "As the leading American sportsbook we're excited to be the first to offer legal political betting, proving once again there truly are more ways to win on FanDuel," said Mike Raffensperger CMO, FanDuel Group. "We're proud to have partnered with the West Virginia Lottery to bring these markets into a legal, regulated sportsbook where bettors have appropriate protections and assurances." The FanDuel Sportsbook online and app experience is available for residents and visitors to West Virginia. The FanDuel Sportsbook online and app experience offers more betting options and markets than any other operator including point spreads, moneylines, over/under, parlays, teasers, prop bets, 1 round robins and an extensive list of live in-game wagers. FanDuel provides its proprietary risk and trading technology that leverages the IGT PlaySports platform. Thanks again for the foresight on this. I think it will go really well. Kind Regards John Sheeran Director. Risk 8: Trading Cell: 310.259.3242 FANBUELGRDUP David Bradl? From: Jacob List Sent: Tuesday, April 7, 2020 7:42 PM To: David Bradley Subject: RE: Election Markets Request We have not launched yet From: David Bradley Sent: Tuesday, April 7, 2020 7:41 PM To: Jacob List Subject: Fwd: Election Markets Request Please hold up on this we are re considering Sent from my iPad Begin forwarded message: From: David Bradley Date: April 7, 2020 at 4:58:48 PM EDT To: "Zimny, Erich" Cc: Kris Franko Keith Morgan Wesley Futch Rhea Loney Karl Gambln Jacob List Anh Vu Daniel Kleeh Tina Merritt June Somerville Brandie Justice Subject: Re: Election Markets Request Approved Sent from my iPad On Apr 7, 2020, at 4:11 PM, Zimny, Erich wrote: David - And for clarity on our end, the speci?c markets we'd be submitting for under that scenario would be these: Winner - Presidential Election Winning Party Overall Over/ nder Seats for each Party - Senate Over/Under Seats for each party - House Over/Under number of States won Over/Under Electoral College Votes Obtained Turnout Democratic Nominee Democratic VP candidate Obviously the seats in the Senate and House don't reference speci?c local races that contribute to the national body, but if it's problematic, please don't hesitate to let us know. Thank you (as always) for keeping an open mind with this and helping facilitate business within West Virginia. it's much appreciated. Erich Zimny Vice President of Racing 8: Sports Operations Hollywood Casino at Charles Town Races PO Box 551 Charles Town, WV 25414 From: David Bradley Sent: Tuesday, April 7, 2020 4:02 PM To: Zimny, Erich Cc: Kris Franko Keith Morgan Wesley Futch Rhea Loney WEITNAUER, THOMAS Karl Gambin Jacob List Anh Vu Subject: Re: Election Markets Request Eric, We will consider approving market for the national level. We will not consider markets for state or local elections. I have reached out to mobile apps to let them know. Any questions please let me know. David Sent from my iPhone On Apr 6, 2020, at 3:56 PM, Zimny, Erich wrote: David Team - Submitting this request for an offering separately since it's a little different than the draft one, but both us and DraftKings would like to explore the possibility of offering political props on major election markets. I've attached a presentation prepared by DraftKings regarding some of the aspects of the political prop market. We certainly understand and respect that It's been an area you all have tread on thus far and would - as always - welcome your feedback as to whether it would be something WV Lottery 2 would entertain in whole or in part. If there are any further questions that could be answered, just let us know. I realize this would be new ground for us and Lottery but, as you could imagine, in the struggle for markets to bet into these days, we're looking for what's out there that could entice some interest. Thank you again. Erich Vice President of Racing 8: Sports Operations Hollywood Casino at Charles Town Races PO Box 551 Charles Town, WV 25414 Confidentiality Statement: This communication (including any attachments) is intended for the use of the intended recipient(s) only and may contain information that is confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e?mail message and delete all copies of the original communication. Thank you for your cooperation. Con?dentiality Statement: This communication (including any attachments) is intended for the use of the intended recipientls) only and may contain information that is confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. Thank you for your cooperation. David Bradley From: Lacey Rutter Sent: Tuesday, April 7, 2020 7:54 PM To: David Bradley Subject: Re: Elections If you have any questions on how we would handle o?'ering this type of event or any other concerns I would be happy to set up a call with our VP of Trading who has experience with wagering on elections and is very knowledgeable on the topic. On Apr 7, 2020, at 7:40 PM, David Bradley wrote: Caution: This message originated outside the GVC Group. Do not click links or open attachments unless you are expecting this message. Hold up on this we are re considering. Please con?rm you got this Sent from my iPad On Apr 7, 2020, at 6:09 PM, Lacey Rutter wrote: Please review the house rules below for the US Presidential Election and let me know if you approve. I've also added these rules to the attached document along with the house rules from earlier today (both additions have been highlighted - p.22 p. 42. There are a few additional markets that we would like to offer in relation to this, please let me know if you approve as well: 0 Election Winner (option of Democrats, Republicans or Independent Candidate in addition to individual candidate options) . Nomination for each party 0 VP Nomination for each party Politics House Rules: US Presidential Elections If a Presidential election is delayed for any reason, all bets will stand if that election is held within six months of the original scheduled polling day. Politics Wagers Election Winner This will be settled on the winner as declared after the General Election for President, allowing for any relevant legal or constitutional challenges. In cases where there is any 1 ambiguity relating to the result, we reserve the right to wait for the outcome of the subsequent electoral college and, if necessary, congressional votes. if a different individual is later inaugurated as President, that will not count for settlement purposes. Electoral College vote shares will be settled on the results declared by individual states rather than the votes cast by electors at the subsequent coHege. Party Nominees 8: Vice?Presidential Nominees These will be settled on the nominees as declared at the Party Conventions in election year. Any subsequent changes will not count for betting purposes Primaries 8: Caucuses All markets will be settled on ?nal vote share, unless otherwise speci?ed. Results as declared by the individual state parties. US Presidential State Betting Will be settled on statewide vote share, allowing for any relevant recounts or legal challenges. Thankyoul Lacey Message From: David Bradley Sent: Tuesday, April 7, 2020 5:00 PM To: Lacey Rutter Tina Merritt Kris Franko Daniel Kleeh June Somerville Keith Morgan ; Brandie Justice 3 Scott Richmond ; Randy Burnside Subject: Re: RE: Caution: This message originated outside the GVC Group. Do not click links or open attachments unless you are expecting this message. Approved as submitted Sent from my iPad On Apr 7, 2020, at 2:56 PM, Lacey Rutter rdieital.com> wrote: Here are the markets we would be interested in offering for the November election: Presidential race, Presidential race by band" Percentage of vote of all candidates in presidential race over/ under Popular vote winner, popular vote in bands Individual State winners by who gets Electoral College votes Number of people who turn out by band and over and under for same. . Band is the band of votes received Less than 40% 40-42% 423196-4496 440196?4696 Etc. Please let me know if there's any additional information we can share regarding this. Thanks, Lacey Message-?- From: David Bradley Sent: Tuesday, April 7, 2020 2:55 PM To: Lacey Rutter Subject: Re: Caution: This message originated outside the GVC Group. Do not click links or open attachments unless you are expecting this message. We will consider as long as on the national level nothing on the state or local level. Feel free to submit any markets in this are you all may want to offer. Thanks Amy questions let me know. David Sent from my iPhone On Apr 7, 2020, at 1:43 PM, Lacey Rutter Lardigitalcom> wrote: Yes - definitely. Our VP of Trading comes from Australia where election betting is very popular (and across all of Europe). He was actually just recently discussing exploring the opportunity to offer it here. Let me check in with him about the wagers we would potential want to consider and get back to you. Thanks, Lacey --?-0riginal Message From: David Bradley Sent: Tuesday, April 7, 2020 1:30 PM To: Lacey Rutter Subject: Caution: This message originated outside the GVC Group. Do not click links or open attachments unless you are expecting this message. We have been discussing allowing wagers for political market maybe only restricting to federal nationwide markets, no state or local elections. Is this something you all would be interested in and what wagers would you consider for this market? 3 Sent from my iPad Con?dentiality Statement: This communication (including any attachments) is intended for the use of the intended recipient(s) only and may contain information that is confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. Thank you for your cooperation. Con?dentiality Statement: This communication (including any attachments) is intended for the use of the intended recipient(s) only and may contain information that is con?dential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. Thank you for your cooperation. Con?dentiality Statement: This communication (including any attachments) is intended for the use of the intended recipientts) only and may contain information that is confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. if you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. Thank you for your cooperation. West Virginia House Rules-4-07-2020.docx> Con?dentiality Statement: This communication (including any attachments) is intended for the use of the intended recipient(s) only and may contain information that is con?dential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by retlnn e?mail message and delete all copies of the original communication. Thank you for your cooperation. David Bradley From: Jacob List Sent: Tuesday, April 7, 2020 8:13 PM To: David Bradley Subject: RE: Election Markets Request Just noting that FanDuel still has this up From: David Bradley Sent: Tuesday, April 7, 2020 7:41 PM To: Jacob List Subject: Fwd: Election Markets Request Please hold up on this we are re considering Sent from my iPad Begin forwarded message: From: David Bradley Date: April 7, 2020 at 4:58:48 PM EDT To: "Zimny, Erich" Cc: Kris Franko Keith Morgan , Wesley Futch Rhea Loney Karl Gambin Jacob List Anh Vu Daniel Kleeh Tina Merritt June Somerville Brandie Justice Subject: Re: Election Markets Request Approved Sent from my iPad On Apr 7, 2020, at 4:11 PM, Zimny, Erich wrote: David - And for clarity on our end, the specific markets we'd be submitting for under that scenario would be these: Winner - Presidential Election Winning Party Overall Over/Under Seats for each Party - Senate Over/Under Seats for each party - House Over/Under number of States won Over/Under Electoral College Votes Obtained Turnout Democratic Nominee Democratic VP candidate Obviously the seats in the Senate and House don't reference speci?c local races that contribute to the national body, but if it's problematic, please don't hesitate to let us know. Thank you (as always) for keeping an open mind with this and helping facilitate business within West Virginia. It's much appreciated. Erich Vice President of Racing Sports Operations Hollywood Casino at Charles Town Races PO Box 551 Charles Town, WV 25414 From: David Bradley Sent: Tuesday, April 7, 2020 4:02 PM To: Zimny, Erich Cc: Kris Franko Keith Morgan Wesley Futch ; Rhea Loney WEITNAUER, THOMAS Karl Gambin ; Jacob List Anh Vu Subject: Re: Election Markets Request Eric, We will consider approving market for the national level. We will not consider markets for state or local elections. I have reached out to mobile apps to let them know. Any questions please let me know. David Sent from my lPhone On Apr 6, 2020, at 3:56 PM, Zimny, Erich wrote: David 8: Team - Submitting this request for an offering separately since it's a little different than the draft one, but both us and would like to explore the possibility of offering political props on major election markets. I've attached a presentation prepared by regarding some of the aspects of the political prop market. We certainly understand and respect that it's been an area you all have tread on thus far and would - as always - welcome your feedback as to whether It would be something WV Lottery 2 would entertain in whole or in part. If there are any further questions that could be answered, just let us know. I realize this would be new ground for us and Lottery but, as you could imagine, in the struggle for markets to bet into these days, we're looking for what's out there that could entice some interest. Thank you again. Erlch Vice President of Racing 8: Sports Operations Hollywood Casino at Charles Town Raoes PO Box 551 Charles Town, WV 25414 Confidentiality Statement: This communication (including any attachments) is intended for the use of the intended recipient(s) only and may contain information that is con?dential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. Thank you for your cooperation. Con?dentiality Statement: This communication (including any attachments) is intended for the use of the intended recipientls) only and may contain information that is confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender by return e?mail message and delete all copies of the original communication. Thank you for your cooperation. Randy Burnside From: John Sheeran Sent: Tuesday. April 7, 2020 3:57 PM To: Randy Burnside Subject: See below "While the markets were approved, the West Virginia Lottery has asked FanDueI to refrain from offering the markets until they have time to fully work through the implications of this new market offering? John Sheeran Director. Risk 8: Trading Cell: 310.259.3242 E-mail: john.sheeran@fanduel.com FANBUELGRDUP . David Bradley From: Sent: To: Subject: John Sheeran Wednesday, April 8, 2020 11 :54 AM David Bradley Election Hi David, Just wanted to get your guidance on the 2 wagers that were placed on the election. Our inclination is to the void them immediately and communicate to the customer in real time. Are you ok with that or do you want us to hold off on that process. Kind Regards John Sheeran Director, Risk & Trading Cell: 310.259.3242 E-mail: john.sheeran@fanduel.com FANDUELGROUP 1