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Screen shot from CBS Sports HQ

CBS announced Thursday that it's debuting its first-ever show dedicated to sports gambling, called "SportsLine Edge," on its 24/7 over-the-top streaming network — CBS Sports HQ.

Why it matters: CBS is looking to capitalize on the Supreme Court's decision last May to allow states to engage in legal sports gambling by highlighting its expertise in sports picks and projections.

"The ruling we think is definitely [an] interesting [and] exciting opportunity for us. We don't think its going to be an immediate change, but we think it's going to be gradual and localized and will roll out slowly. The show and these investments play into that opportunity for us."
— Jeff Gerttula, Executive Vice President and General Manager for CBS Sports Digital

The details: The show will air live on CBS Sports HQ on Monday and Thursday evenings and weekends to start, but will air live every day in the coming weeks.

  • The purpose of the show is to give sports fans, fantasy players and line bettors content that will make them smarter about the games they’re investing in. Gerttula says the show will be projections focused, helping people understand data around matchups.
  • The show will be hosted by Nick Kostos and will feature former oddsmaker Todd Fuhrman. It'll also include SportsLine experts Hank Goldberg, Kenny White, Micah Roberts and Kelly Stewart, as well as additional CBS Sports Digital writers and analysts.
  • Gerttula said it's focus will be on the "invested fan." While Vegas-centric entities, such as MGM, are using live play-by-play data to offer bets on immediate action in games, CBS' programming will focus on betting lines.

The backdrop: The network launched SportsLine.com for betting and picks-related content in 2015, and has since launched other tools, like a popular office pool manger product, due to the success of their sports betting content.

Go deeper: Media companies could score on sports betting decision

Go deeper

47 mins ago - Technology

Scoop: More boycotts coming for Facebook

Illustration: Sarah Grillo/Axios

Leaders of the Stop Hate For Profit social media boycott group are discussing whether to organize another campaign against Facebook in light of an explosive investigative series from The Wall Street Journal, Common Sense CEO Jim Steyer tells Axios.

The intrigue: Sources tell Axios that another group, separate from the Stop Hate For Profit organization, is expected to launch its own ad boycott campaign this week.

Democrats' dwindling 2022 map

Illustration: Sarah Grillo/Axios

Democrats are trying to unseat only about half as many Republican House members next year as they did in 2020, trimming their target list from 39 to 21.

Why it matters: The narrowing map — which reflects where Democrats see their best chance of flipping seats — is the latest datapoint showing the challenging political landscape the party faces in the crucial 2022 midterms.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Evergrande's reassuring default

Illustration: Annelise Capossela/Axios

It's not a Lehman moment but it's still a very big deal. Chinese construction giant Evergrande looks set to default on its $300 billion of liabilities, in a move that has already had global market repercussions.

Why it matters: Evergrande is the first big test of the global financial system — and especially the Chinese financial system — since the pandemic-induced chaos of March 2020, when central banks around the world were forced to take unprecedented measures to prevent total collapse. So far, world markets seem to be coping just fine.