Hawaii might be looking to bring a sportsbooks to the islands. 33 States have regulated a form of sports betting, and now Hawaii lawmakers are proposing weather or not to join the others and regulate sports betting. The top proposals at this time include a bill to regulate sports wagering on mobile devices and others that permit fantasy sports websites to operate.

iBET ETF Insights: Operators that would land in Hawaii would have a great moat also known as the Pacific Ocean, in terms of loyalty. Fantasy Sports contests like those that DraftKings (DKNG) run are currently illegal, so DraftKings is a definite company that would benefit from this legislation.