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McKay Coppins

๐Ÿ‘ค Speaker
389 total appearances

Appearances Over Time

Podcast Appearances

Fresh Air
Inside the explosive growth of sports betting

You know, majorities of Americans now say that they believe that athletes occasionally change their performance to help gamblers.

Fresh Air
Inside the explosive growth of sports betting

Sports gambling has decreased the integrity of the game.

Fresh Air
Inside the explosive growth of sports betting

And that actually could be an existential threat to organized sports if something doesn't change.

Fresh Air
Inside the explosive growth of sports betting

The platforms that are used to bet on outcomes in politics, in geopolitics, in war, in culture, are different from the online sportsbooks that I spent most of my experiment using.

Fresh Air
Inside the explosive growth of sports betting

They're called predictive markets.

Fresh Air
Inside the explosive growth of sports betting

Polymarket and Kalshi are the most popular ones, but they operate slightly differently.

Fresh Air
Inside the explosive growth of sports betting

And

Fresh Air
Inside the explosive growth of sports betting

By doing so, they've managed to kind of get around a lot of the federal regulation that exists for online sports books.

Fresh Air
Inside the explosive growth of sports betting

Rather than taking bets themselves, they allow people to invest in predictive outcomes as though they're investing in positions in like a derivative market, right?

Fresh Air
Inside the explosive growth of sports betting

And so you can buy a position in a question like, will Gaza experience a famine this year?

Fresh Air
Inside the explosive growth of sports betting

As macabre and kind of insane as that sounds, you can invest in a position like, will a nuclear bomb be detonated by a certain date?

Fresh Air
Inside the explosive growth of sports betting

How many people will be deported from the United States in 2026?

Fresh Air
Inside the explosive growth of sports betting

Will Donald Trump declare martial law before leaving office?

Fresh Air
Inside the explosive growth of sports betting

These are actually all live bets that you can make on these platforms.

Fresh Air
Inside the explosive growth of sports betting

And what's striking about it is that in some ways they feel like the logical endpoint of the sports betting explosion.

Fresh Air
Inside the explosive growth of sports betting

You know, the entire American population over the last several years has basically been conditioned to get used to gambling on their phones.

Fresh Air
Inside the explosive growth of sports betting

And why limit yourself to sports, right?

Fresh Air
Inside the explosive growth of sports betting

It is making everything more abstract.

Fresh Air
Inside the explosive growth of sports betting

It's turning all of American life into like a Las Vegas table game where, you know, where there's always this kind of glittering mirage of profit that you're chasing when in reality it's designed to sort of demoralize and crush every regular person who plays.

Fresh Air
Inside the explosive growth of sports betting

I mean, it's almost impossible to see that outcome and not assume that the person who made the bet had some kind of insider information, right?