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

Avsnitt(341)

How Putin's War Will End

How Putin's War Will End

Quagmire. Regime change. Conquest. Empire. World War III. Derek considers five ways that the war in Ukraine could end with Paul Poast, a professor of foreign policy and war at the University of Chicago. This is Part 2 of our two-part Ukraine coverage today. For more on why Putin attacked and how war could change the world, check out the previous episode in this feed. Host: Derek Thompson Guest: Paul Poast Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Feb 202244min

What Vladimir Putin Wants—and How Russia’s War in Ukraine Could Reshape the World

What Vladimir Putin Wants—and How Russia’s War in Ukraine Could Reshape the World

Derek explains why three years—1989, 2008, and 2014—are the key to understanding why Putin is willing to take a massive risk in invading Ukraine. Then, Derek asks five expert guests to walk him through the most important second-order implications of a long major conflict. What are the most important ricochet effects that nobody is talking about? How could the war transform Europe? How could it destabilize Africa and the Middle East? How will it change U.S. politics, or kick off a 21st Century Cold War? Host: Derek Thompson Guests: Charles Kupchan, Liana Fix, Matthew Klein, Alex Smith, Bonny Lin Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Feb 202231min

Four Brilliant Frames for Finding the Next Big Thing, With Venture Capitalist Josh Wolfe. Plus, What's Eating Tech Stocks in 2022?

Four Brilliant Frames for Finding the Next Big Thing, With Venture Capitalist Josh Wolfe. Plus, What's Eating Tech Stocks in 2022?

All-star VC Josh Wolfe of Lux Capital joins the show to talk about picking winners and losers, tech's rough start to the year, and his four favorite mottos for detecting BS and seeing reality clearly. Finally, Derek and Josh play a game of "Overrated or Underrated?" for the metaverse, NFTs, and space travel. Host: Derek Thompson Guest: Josh Wolfe Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

22 Feb 202247min

The Great Debate: What's the Single Most Amazing Sports Statistic in U.S. History?

The Great Debate: What's the Single Most Amazing Sports Statistic in U.S. History?

Wilt Chamberlain’s 100-point game. Joe DiMaggio’s 56-game hit streak. Jerry Rice's gazillion receiving records. Which of these athletic achievements is the most impressive in American sports history? And are any of them the most impressive ever? The Ringer's Ryen Russillo joins the pod to debate the most impressive achievements in football, basketball, baseball, and individual sports. Then, after making selections that will almost certainly infuriate at least half of all listeners, the guys compare the GOATs across sports to name the single most impressive accomplishment ever. (Hint: Ironically, the award goes to a non-American.) Host: Derek Thompson Guest: Ryen Russillo Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Feb 202255min

What American Media Is Getting Wrong About Canada’s Big Protests

What American Media Is Getting Wrong About Canada’s Big Protests

What if I told you that the anti-vaccination trucker protests in Canada weren’t principally about vaccines or truckers (or even Canada)? The Atlantic’s David Frum joins to set us straight about what’s going on in Ottawa and the meme-ification of protest politics. Host: Derek Thompson Guest: David Frum Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

15 Feb 202226min

The Meaning of Life and the Power of Regret

The Meaning of Life and the Power of Regret

Derek goes deep with bestselling author Dan Pink on his new book, 'The Power of Regret.' This episode was recorded in front of a live audience at the Sixth & I historic synagogue in Washington, D.C. Host: Derek Thompson Guest: Dan Pink  Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Feb 202246min

Media Gossip Hour: Spotify's Joe Rogan Problem, Facebook's TikTok Crisis, and Crypto's Anonymity Conundrum

Media Gossip Hour: Spotify's Joe Rogan Problem, Facebook's TikTok Crisis, and Crypto's Anonymity Conundrum

Kevin Roose of The New York Times returns to our pod, which is owned by Spotify, to talk about Joe Rogan’s podcast, which is exclusively licensed by Spotify. (That's transparency, folks.) Then we talk about Mark Zuckerberg’s big stock market wipeout, and Kevin explains the latest NFT controversy to Derek like he’s 5 years old. Host: Derek Thompson Guest: Kevin Roose Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Feb 202252min

This Guy Predicted the 2021 Economy. I Asked Him What's Next.

This Guy Predicted the 2021 Economy. I Asked Him What's Next.

Jason Furman is a Harvard professor who served as a top economist for the Obama administration. More than just about anybody Derek spoke to last year, he nailed the rise in inflation. What did he see that others didn't? What's happening to inflation, the Great Resignation, labor shortages, and the Federal Reserve right now? And what will happen in 2022? Host: Derek Thompson Guest: Jason Furman Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Feb 202248min

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