12min chapter

Freakonomics Radio cover image

Is San Francisco a Failed State? (And Other Questions You Shouldn’t Ask the Mayor)

Freakonomics Radio

CHAPTER

Navigating Illicit Markets and Predictions

This chapter explores the speaker's in-depth research on illicit activities such as sports betting and cannabis, including humorous experiences with bookmakers and insights into illegal dispensaries. It emphasizes the complexities of legal and illegal cannabis markets, particularly in California, and contrasts traditional polling with more effective prediction markets in forecasting elections. The chapter also reflects on the historical context of betting in San Francisco, highlighting cultural practices surrounding elections in the early 1900s.

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