Episode 9: Framing the Gambler
Against the Rules with Michael Lewis
Pushkin Industries
4.6 • 9.8K Ratings
🗓️ 14 January 2025
⏱️ 33 minutes
🧾️ Download transcript
Summary
Michael Lewis gets a glimpse of sports gambling's future by talking with writers in Great Britain and Australia, where the industry is even more entrenched. But the US has its own peculiar history of failing to regulate dangerously addictive new products, and blaming the users instead. Especially when powerful industry advocates are able to pay scientists to sow doubt and delay the day of reckoning.
For further reading:
Lying for Money: How Legendary Frauds Reveal the Workings of our World by Dan Davies
Crikey’s coverage on sports gambling in Australia: Punted
Patrick Radden Keefe’s Empire of Pain: The Story of the Sackler Family and Purdue Pharma
Merchants of Doubt by Naomi Oreskes and Erik Conway.
See omnystudio.com/listener for privacy information.
Transcript
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| 0:00.0 | Pushkin. |
| 0:08.8 | What does it really mean to trust someone? |
| 0:11.8 | It's a big question that affects so many areas of our lives. |
| 0:16.2 | When people gain our trust or break our trust, it matters. |
| 0:20.7 | I'm Rachel Botsman, and I've been studying trust for over 15 years. |
| 0:24.7 | In my new audiobook, we're going to learn about how trust is earned, how it's lost, and why |
| 0:30.7 | trusting ourselves is so important. |
| 0:33.5 | Find how to trust and be trusted at pushkin.fm. |
| 0:36.5 | 4 slash audiobooks or at audible, Spotify, or whatever you get your audiobooks. |
| 0:45.7 | I hate to do this, but I just have to pick up right where we left off in our last episode. |
| 0:52.4 | We were talking about insider trading, |
| 0:55.1 | how it's become the one crime the sports gambling industry really wants to police. |
| 1:00.0 | But it's also the one thing that every other guy on an American college campus wants to do. |
| 1:04.9 | As my producer, L.J. found out after just a few hours at the University of Kansas. |
| 1:10.4 | Are you going to ask you for any Intel on the player props? |
| 1:12.9 | Yeah, well. |
| 1:14.8 | Yeah, well, he's driving there right now. |
| 1:17.0 | He's on the bus. |
| 1:17.8 | So I'm going to text him later and I'd be like, what should I put money on? |
| 1:22.0 | Wandering around the integrity landscape these last six months, |
| 1:25.5 | we found that some huge number of Americans who are too young to drink |
| 1:29.0 | now gamble on sports. Yet no one ever gets in trouble for taking their bets. What people do get in |
... |
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