Sean Kelly, an analyst at Bank of America specializing in the casino and sports gambling sectors, joins the conversation to unravel the complexities of sports betting in the U.S. He discusses the cultural clash and evolving acceptance of sports gambling post-2018 Supreme Court ruling. Kelly also dives into the economic and historical tensions between California tribes and major gambling companies. The discussion touches on technological impacts and market integrity, revealing the competitive dynamics of modern sportsbooks and the role of short sellers.