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Bloomberg Law
Sports Betting Bankruptcies & Who Gets the Engagement Ring?
Sep 11, 2024
Evan Ochsner, a Bloomberg Law bankruptcy reporter, sheds light on the alarming rise of bankruptcies linked to online sports betting. Carl Tobias, a professor at the University of Richmond Law School, discusses the urgency of confirming judicial nominees amid political challenges. Meanwhile, Peter Walzer, a founding partner at Walzer Melcher & Yoda, offers insights on the often-contentious question of who keeps the engagement ring after a breakup. The conversation blends legal expertise with practical implications, reflecting the complexities of modern relationships and the gambling landscape.
34:48
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Quick takeaways
- The rise of online sports betting has led to a staggering 28% increase in bankruptcy filings linked to gambling debts.
- A legal case regarding an engagement ring may redefine ownership rules based on fault, impacting future marital gift disputes.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode