How prediction markets are transforming sports betting

In this episode of Make Me Smart, Kimberly Adams interviews Dustin Gouker, a gambling industry expert, about the rise of online sports betting and the emergence of prediction markets. Gouker explains the exponential growth of online sports betting since the 2018 Supreme Court decision, highlighting the difference between state-regulated sportsbooks and federally regulated prediction markets. The discussion covers the legal battles surrounding prediction markets, the reactions of sports teams and leagues, and the potential societal impacts, especially concerning the lower age limit for participation in prediction markets compared to traditional sports betting. Gouker and Adams explore whether the increasing accessibility and gamification of betting could lead to unforeseen consequences.