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Chris Murphy

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1300 total appearances

Appearances Over Time

Podcast Appearances

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

That's a question that the coach and the coach's kid and nephew probably know.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

So if the NBA and the NFL get in bed with these prediction markets, they are knowingly corrupting the sport.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

I get it that they're just looking for a quick buck, but this one gets really gnarly pretty quickly.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

Of course, I'd like them to testify because I think it's pretty clear upon questioning, you'd learn that they're just in this for the cash grab.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

And, you know, these are very powerful people.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

And so they probably do have a bit of a God complex.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

They think that if they can get Polymarket or CalSheet in the room, they can convince them to ban bets on things that might be rigged.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

I think they're naive.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

I think these are companies that are more powerful and more capitalized than the leagues themselves.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

And they're going to offer whatever bets make them money.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

And it's ultimately just going to lead to more corruption opportunities inside these leagues, not less.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

I tell it through, you know, an anecdote.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

So it's my younger son that plays hockey.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

And he, you know, plays in one of these, you know, very competitive and very expensive travel leagues.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

Part of the reason he plays in that travel league is that the quality of rec-level hockey is...

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

in the East Coast has been gutted.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

And so if you're a player that has any level of skill, you almost have to play in the travel leagues to be able to play with kids who are at your level.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

But that's a $5,000 to $10,000 investment for many families.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

And so it ends up excluding a lot of good hockey players from participating at the level that they should be playing at.

Pablo Torre Finds Out
"That's Just Corruption": Sen. Chris Murphy on the Prediction Market Crackdown and Profiteering in Youth Sports

But it gets even worse.