The rise of sports gambling in America is examined through the lens of its impact on individuals and the sports industry. Danny Funt, author of "Everybody Loses: The Tumultuous Rise of American Sports Gambling," discusses how professional sports leagues shifted from opposing gambling to embracing it for financial gain, particularly to boost TV rights revenue. He highlights the predatory practices of online sportsbooks, describing how they cultivate addiction through "sticky" features like micro-bets. Funt shares stories of individuals, such as a teacher and a Cheesecake Factory server, who incurred significant financial losses due to sports betting, illustrating the lack of proper vetting by companies like FanDuel, despite their claims. The discussion also touches on the emergence of prediction markets and their ambiguous legal status.
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