With prediction market apps and sites like Polymarket, Kalshi and WagerWeb, you can literally bet on anything: Labubus, criminal case verdicts, Stephen Hawkings black hole theories, natural disasters. You can even bet on when a celebrity is going to die. But prediction markets aren't just about making money from gambling, there's a darker truth here. On this episode, Jason and Peter talk to Jonathan D. Cohen, author of the book, Losing Big: America's Reckless Bet On Sports Gambling, to discuss America's sports betting public health crisis. On this episode, Jason and Peter also dive in with Jonathan about the coverage of insider trading becoming a problem in prediction markets. Something to note, we did film this episode before the story broke about MrBeast's editor being banned from Kalshi for insider trading. We do bring up the story about former Toronto Rappers player, Jontay Porter, who was fined and banned from the NBA, for making proposition bets based on his game performance. We'll also cover the role of AI when it comes to sports betting along with the endorphin release rush you get when you make a bet. We'll also cover mob sports betting, legitimate poker games and Jonathan's record as a competitive board game player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related