Prediction markets expand and attract big players

In this week's episode of On the Tape, Danny welcomes Contessa Brewer, CNBC correspondent and anchor, to discuss her career in journalism, her insights into sectors affecting consumers like insurance and gambling, and her perspective on new media ventures like Versant, spun out of Comcast. The episode begins with a discussion on the importance of diversifying investments beyond tech and AI, highlighting ExxonMobil's recent updates and its connection to AI and energy. Contessa shares her journey from local news to national coverage at CNBC, emphasizing her passion for reporting on intricate sectors like insurance. She addresses the challenges of making insurance engaging and relevant to audiences. The conversation also explores the rapid evolution of online gambling, the prediction market dynamics, and the integrity concerns in sports betting. Furthermore, Contessa talks about her contributions to the charity 'Saving Mothers,' which aims to prevent maternal deaths. The episode concludes with NFL picks for week 15, focusing on the Patriots and Broncos as underdogs.

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ABOUT THE SHOW

For decades, Danny has seen it all on Wall Street and has built his reputation on integrity, curiosity and skepticism that he will bring with him each week. Having traded through the Great Financial Crisis and being featured in "The Big Short" is only part of the experiences Danny wants to share with the listener. This weekly podcast cuts through market noise, offering entertaining and informative discussions with expert guests giving their views of the financial world and the human side of it. Whether you're a seasoned investor or just getting started, On The Tape provides something for all listeners.

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