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The dirty secret behind the hobby costing young men thousands of dollars

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The dirty secret behind the hobby costing young men thousands of dollars

Apple News In Conversation

Oct 16
Apple News In Conversation

Apple News In Conversation

Oct 16
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Sports betting has exploded in the U.S.: The Supreme Court gave states the power to legalize it in 2018, and, by the end of this year, it will be allowed in 39 states and Washington, D.C. In his book Losing Big: America’s Reckless Bet on Sports Gambling, a...

Highlights

The rapid rise of sports betting in the United States has transformed how fans engage with games, blurring the lines between entertainment, finance, and risk. What began as a niche activity has evolved into a multi-billion-dollar industry embedded in everyday digital life, raising urgent questions about its societal costs and long-term consequences.
00:03
Sports betting is like alcohol, with both casual and problematic users
11:29
Kyle never had a problem with gambling in a casino before it was available on his phone
18:56
Professional gamblers profit from market inefficiencies, not bet accuracy
24:11
Legal sports betting has led to increased sports viewership in the short term but risks fostering a generation of gamblers over fans.
28:54
90% of bets on Kalshi, the leading prediction market, are on sports

Chapters

How did sports betting go from banned to everywhere overnight?
00:00
What happens when a bet turns into a downward spiral?
11:29
Can sports remain fair when everyone’s betting on them?
16:15
Who really profits when we all place a wager?
21:23
Is the future of gambling hidden in apps we already trust?
26:51

Transcript

Shumita Basu: This is In Conversation from Apple News. I'm Shumita Basu. Today, why sports betting is bigger than ever. October is one of the peak sports seasons in the U.S. The NFL is in full swing. The NBA and NHL are just getting started. MLB playoffs a...