

Episode 9: Framing the Gambler
139 snips Jan 14, 2025
Charlie Lewis, a journalist with Crikey, shares insights on Australia's ingrained sports gambling culture. He explores the disturbing parallels between gambling and the opioid crisis, highlighting how predatory practices exploit society’s vulnerabilities. The podcast delves into the ethical dilemmas facing the gambling industry, comparing it to tobacco's past. It also discusses the role of misinformation and regulatory failures in protecting users, shedding light on the urgent need for accountable practices in the face of a growing addiction crisis.
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Insider Trading Parallels
- The sports gambling industry wants to police insider trading, mirroring the stock market's ban on trading with non-public information.
- However, unlike theft or lying, insider trading isn't an inherently obvious crime and wasn't always illegal.
Fairness Illusion
- Insider trading laws in the stock market aim to create a perception of fairness, attracting investment.
- However, this might create a false sense of security, as markets aren't perfectly policed.
Australia's Gambling Problem
- The UK and Australia offer glimpses into the future of US sports gambling, with the latter having a particularly troubling experience.
- Australia's relaxed laws since 2001 have led to the highest gambling losses per capita globally.