The Problem With Sports Gambling

The Problem With Sports Gambling

Last week, an FBI investigation into gambling led to the arrest of several prominent basketball stars, raising questions about the state of legalized sports betting, which has enriched professional sports and sports media. The problems with sports gambling extend far beyond the integrity of the game. A 2024 working paper from economists at UCLA, Harvard, and USC found that states that legalized sports gambling after the 2018 ruling by the U.S. Supreme Court saw “a substantial increase in average bankruptcy rates, debt sent to collections, use of debt consolidation loans, and auto loan delinquencies. We also find that financial institutions respond to the reduced creditworthiness of consumers by restricting access to credit.” A separate analysis found that nearly one in five men aged 18-24 is on the spectrum of having a gambling problem. There’s no question that sports betting has taken over sports. It’s all over ESPN, all over my favorite sports podcasts. This podcast is a part of The Ringer Podcast Network, which has close relationships with the sports book FanDuel and has several shows devoted to gambling. I listen to them. Quite a lot, actually. It would be easier for me as the host of this episode if my position on gambling had the clarity of pure outrage. If I thought that gambling was a pure vice, a mere nuisance, and a total drag, I would say: Let’s just be done with it. On the opposite end, if I thought that legalized sports gambling posed no risk to bettors, didn’t threaten the integrity of professional sports, and represented an obvious improvement to the previous regime of black-market betting, I’d say: Ignore these moralizing bozos and place your 15-part parlay. The trouble is that I don’t have the advantage of clear outrage on this issue. I think that sports gambling is fun. And I think that it threatens the integrity of professional sports. And I think that it ruins some people’s lives. Today’s guest is Jonathan Cohen, the author of 'Losing Big: America’s Reckless Bet on Sports Gambling.' Like me, Jon is worried about the effect that legal sports gambling is having. Also like me, he sometimes bets on sports. Also like me, he listens to Ringer podcasts. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Jonathan Cohen Producers: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jaksot(348)

Would You Buy a Drug to Extend Your Dog’s Life?

Would You Buy a Drug to Extend Your Dog’s Life?

Today’s episode is about the science of slowing down the aging process … and why one biotech company has found some success with dogs. Last November, the New York Times reported that a company called ...

16 Helmi 202454min

The Dark Side of the Internet's Obsession With Anxiety

The Dark Side of the Internet's Obsession With Anxiety

We’ve done several shows on America’s anxiety crisis. This one asks several questions that might get me in trouble. Have we overcorrected from an era when mental health was shameful to talk about to a...

13 Helmi 202446min

Can Solar Power and Battery Tech Save the World From Climate Change?

Can Solar Power and Battery Tech Save the World From Climate Change?

You could make the argument that last year was the worst year in human history for climate change. The Earth experienced its hottest day on record over and over and over again. Air surface temperature...

9 Helmi 202459min

The Gender War Within Gen Z

The Gender War Within Gen Z

Something mysterious is happening in the politics of young men and women. Gen Z women—those in their 20s and younger—have become sharply more liberal in the past few years, while young men are shiftin...

6 Helmi 202456min

What’s the Best Diet for Planet Earth?

What’s the Best Diet for Planet Earth?

If you love food and also consider yourself a good person, you probably care about where your food comes from, how it’s grown, and whether it's part of a system that is destroying the planet. After al...

30 Tammi 202459min

Why Did Stanley Water Bottles Suddenly Become a Cultural Phenomenon?

Why Did Stanley Water Bottles Suddenly Become a Cultural Phenomenon?

It's just a steel tumbler with a straw and side handle. But the Stanley cup is a social media phenomenon and an incredible business success story. How did this thing come out of nowhere? What lessons ...

26 Tammi 202438min

Why the U.S. Media Industry Is in Meltdown

Why the U.S. Media Industry Is in Meltdown

Sports Illustrated layoffs. The demise of independent Pitchfork. Hundreds of millions of dollars in losses at major newspapers like the Washington Post and the Los Angeles Times. The state of the U.S....

23 Tammi 202442min

World on Fire, Part 3: How Did America's Border Crisis Get So Bad?

World on Fire, Part 3: How Did America's Border Crisis Get So Bad?

Today is the third and final episode in our miniseries on this unique moment in global war and conflict. In the first episode, we looked at the turmoil in the Middle East. In the second episode, we of...

19 Tammi 202450min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
viisupodi
otetaan-yhdet
rss-podme-livebox
rss-asiastudio
et-sa-noin-voi-sanoo-esittaa
rss-vaalirankkurit-podcast
the-ulkopolitist
linda-maria
rss-kaikki-uusiksi
rss-mina-ukkola
rss-pykalien-takaa
rss-merja-mahkan-rahat
rss-kuka-mina-olen
rss-raha-talous-ja-politiikka
rss-kyselytunti