Bloomberg Surveillance Single Best Idea with Tom Keene: Michael Nathanson
Jan 16, 2025
The discussion highlights how current events, like the Los Angeles fires, influence entertainment trends, including the Oscars. Michael Nathanson shares insights into the challenges of state-level regulations in the growing sports gambling market. The conversation also delves into the duopoly of major platforms like FanDuel and DraftKings, comparing U.S. regulations with those in the U.K., and touches on the cultural implications of gambling's rising influence in sports.
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Sports Gambling Growth
- Sports gambling is experiencing increased per capita spending despite limited state rollouts.
- The market has consolidated into a duopoly (FanDuel and DraftKings), driving this growth.
UK Gambling Regulations
- The UK, with a longer history of sports betting, has begun implementing regulations to control excessive betting practices.
- This suggests the US may need similar regulations in the future.