Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
Yeah, and listen, I'll take responsibility in both my roles, right?
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
I mean, I definitely could, as a parent, have just said, you know what, you're just going to play rec-level hockey, right?
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
We're not spending the thousands of dollars.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
We're not spending our weekends in Philadelphia and Buffalo.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
And so, you know, every parent and every individual can decide to not enter that rat race as willingly, at least when it comes to youth sports.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
But yes, the ultimate solution here is for Congress to step in and do something about this.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
And I do think, and I'll just tease this because it's a longer conversation, I do think that there's a real bipartisan consensus out there in America around how much profit matters in our entire economy.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
But let's just take youth sports.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
I don't think people on the right or the left
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
are excited about how professionalized youth sports has become.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
And I think that there could be an opportunity for Republicans and Democrats to work together.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
Now, Congress is especially impotent right now because of what Trump has done to our entire federal government.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
And there's not an ability to take on private equity in sports because private equity right now is so integrated into this administration.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
But I do think that there's a political realignment there for the taking out in America around people's frustration
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
with the lionization of profit and efficiency and the commoditization of everything not nailed down, including Little League baseball.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
That's there.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
It's probably not going to be able to be capitalized upon until after Trump is gone.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
Yeah, and I think, you know, maybe it is true that you're not going to put this genie back in the bottle when it comes to the amount of betting that's happening.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
And if that's the case, then yes, people are going to feel the impact of government's absence.
Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports
If these prediction markets increasingly become where sports betting happens and you have no protection on these markets from bets that are inherently rigged, I do think that you're seeing the impact of government inaction.