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Anna Helhoski

👤 Speaker
1779 total appearances

Appearances Over Time

Podcast Appearances

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

This year is also going to be the second Super Bowl for Calchi and the first for Polymarket.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Are any of you guys betting in the Super Bowl?

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

No comment.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Now, there's something else obviously happening, and we mentioned it up at the top, the Winter Olympics.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

They're starting, and there are 116 events.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

That creates a lot of opportunity for wagers.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

During the Summer Olympics in Paris a couple years ago, betting really spiked, and people were making wagers on all kinds of things, like medal counts by country to specific athletes.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Now, here's a weird one.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

The proverbial Super Bowl of sports betting is actually March Madness.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

And last year, the American Gaming Association estimated that Americans' legal wagers would hit $3.1 billion on men's and women's college basketball tournaments during March Madness.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

We're still waiting to see what the AGA predicts for this year's tournaments, but it's likely to be pretty high.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Right.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

So, I mean, that's what we're paid to do, right?

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

We're paid to think about how this actually can affect people and their finances.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

The concerning thing about these apps is how frictionless they are.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

It's legal.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

It's on your phone.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

It's easy for the casual better to get drawn in.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

But apps are addicting.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

We know that they are.