When INVESTING Becomes GAMBLING: The Rise of Risky Bets

Forward

Humanity Forward Productions

Society & Culture

4.8 • 3.2K Ratings

🗓️ 27 January 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

What happens when trading turns into a dangerous gamble? In this episode, Andrew and WSJ lead writer Gunjan Banerji uncover the addictive world of high-risk financial markets, options trading, and cryptocurrencies, where everyday people chase quick fortunes—but risk losing it all. Packed with shocking insights, and a deep dive into the gamification of investing, this is a must-watch for anyone curious about the high-stakes world of modern trading, the cultural pressures, and lack of regulation fueling this growing problem. Watch the full episode on YouTube: https://youtu.be/iQS381E7O0M Follow Andrew Yang: https://andrewyang.com | https://x.com/andrewyang Follow Gunjan Banerji: https://x.com/gunjanjs | https://www.instagram.com/gunjansb ---- Get 50% off Factor at https://factormeals.com/yang50 Get an extra 3 months free at https://expressvpn.com/yang Get 20% off + 2 free pillows at https://helixsleep.com/yang code helixpartner20 ---- Subscribe to the Andrew Yang Podcast: Apple — https://podcasts.apple.com/podcast/id1508035243 Spotify — https://open.spotify.com/show/25cFfnG3lGuypTerKDxKia To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:24.8	dot com and secure your seats today young man in his 20s working in finance, worked in Midtown.
0:38.2	He told the room of dozens of men that it had been one year since he bet on sports.
0:43.2	It had been one year since he bet on options on platforms like Robin Hood.
0:47.3	And I was like, oh my God, these rooms are filling up with people who are struggling with
0:51.9	trading in financial markets.
0:54.0	People's views on risk taking have fundamentally changed.
1:08.7	It is my pleasure to welcome back to the podcast.
1:11.1	So for the first time in person, Markets reporter for the Wall Street Journal and
1:16.2	CNBC contributor, Gunjin Banerjee.
1:18.8	Welcome.
1:19.7	Thank you for having me, Andrew.
1:20.9	I'm excited for this.
1:22.2	Me too.
1:23.1	So I reached out to you because you did some very, very long form, long term reporting on men who'd gotten themselves into a bit of addictive behaviors in terms of options trading, cryptocurrency.
1:39.1	Sometimes they were going to meetings to try and wean themselves off of this addiction.
1:43.6	And so for some context for you,
1:46.1	I did an episode about sports gambling a little while ago and how the legalization has had
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