E301 - Adam Small from Third Planet Media

On Episode 301 of the Business of Betting podcast, the tables are turned as Third Planet CEO Adam Small takes over hosting duties to interview Jeff Edelstein. Together, they reflect on the evolution of the U.S. sports betting industry since PASPA, debate prediction markets, discuss the future of gambling regulation, and explore why the industry's biggest challenges may still lie ahead. Hear them discuss:

The rise and growing pains of the regulated U.S. sports betting market since PASPA was repealed
Why higher tax rates, betting limits, and shifting regulation have changed the industry's outlook
Looking back at the "gold rush" era of sports betting and whether those opportunities still exist
Why community remains one of sports betting's biggest untapped opportunities, from live events to social experiences
How DFS paved the way for products like PrizePicks, Kalshi, and prediction markets
The ongoing debate over what qualifies as gambling versus financial trading
Whether prediction markets can justify their soaring valuations and challenge established sportsbooks
Why DraftKings, FanDuel, and other incumbents may still be best positioned to dominate if prediction markets expand
The growing concern around gambling's influence on younger audiences and the need for gambling education in schools
Jeff's predictions for where sports betting, prediction markets, and the broader gambling industry are headed over the next decade

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