Against the Rules with Michael Lewis

Dive into an exciting mix of intriguing topics, from the whimsical world of PAW Patrol to the profound effects of George Floyd's legacy. The discussion teases a potential exclusive conversation with a notable political figure, adding to the anticipation. Plus, you'll get a sneak peek at new team members and their contributions, ensuring a fresh and dynamic series of stories ahead. Get ready for a blend of lightheartedness and impactful dialogue that promises to captivate listeners.

Senator Richard Blumenthal, a Democratic U.S. senator from Connecticut, dives into the urgent need for regulating sports gambling through the SAFE Bet Act. He highlights the act's focus on curbing gambling advertisements and funding treatment for addiction, painting a vivid picture of sports gambling as a potential public health crisis. Blumenthal discusses the shifting landscape of sports betting and the parallels it shares with the tobacco industry, emphasizing the importance of consumer protection and accountability in an increasingly tempting environment.

In a captivating discussion, Dr. Laurie Santos, a Yale psychology professor and host of The Happiness Lab, explores the intriguing psychology behind sports fandom and teenage behavior. She shares insights on the emotional landscapes distinguishing sports and celebrity fandom, while highlighting the risks of mobile betting for youth. Santos delves into adolescent decision-making processes, the gender dynamics of teen sports betting, and effective strategies for motivating teens through respect and autonomy, shedding light on their unique psychological needs.

Natasha Schüll, an NYU associate professor and anthropologist, spent over a decade studying slot machine gamblers in Las Vegas. She reveals that many players actually loathe winning, exploring how the digital transformation of gambling has made all forms of betting feel more solitary. Schüll discusses the isolating experience of casino gaming despite promotional messages of social interaction, and how this underscores the addictive design of modern gambling technologies, including mobile apps that particularly lure younger users.

Explore the alarming rise of sports gambling, especially among teens, and the complex cultural shifts since legalization. A father's experiment with his son reveals the psychological and ethical challenges of betting, highlighting the need for responsible practices. Dive into the fascinating world of prop bets and the emotional rollercoaster of gambling, where highs and lows coexist. Personal anecdotes, insightful readings, and discussions about the implications for families emphasize the critical need for understanding in this new landscape.

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.

Matthew Holt, creator of U.S. Integrity, dives into the murky waters of sports gambling. He reveals that although insider betting remains rampant post-legalization, athletes face increased harassment and pressure. Atlanta Hawks’ Larry Nance, Jr. shares his grueling encounters with enraged fans influenced by betting. Meanwhile, NCAA regulations aim to protect student-athletes, but the integrity of sports is increasingly jeopardized by unscrupulous practices. The discussion highlights the urgent need for oversight in a rapidly evolving gambling landscape.

Scott Galloway, Professor of marketing at NYU Stern, welcomes Michael Lewis for a deep dive into the alarming rise of sports betting in the U.S. They discuss its potential societal consequences, likening it to historical crises. Lewis also shares insights from his latest book, touching on investment strategies born from distress, particularly after the FTX collapse, while encouraging listeners to pursue their personal passions over societal expectations. A compelling mix of gambling, economics, and authenticity awaits!

Chris Andrews, a long-time Vegas sports bookie at South Point Hotel Casino, reflects on the evolution of sports betting. Jimmy Vaccaro, a veteran with a wealth of anecdotes, recounts the changes he's seen in the industry. Vinny Magliulo shares his unique journey from dealer to bookie. They discuss the origin of prop bets and why limiting smart bets can harm business. The trio offers a nostalgic look at how betting practices have shifted from traditional methods to today's player-focused wagering, emphasizing the vibrant history of Las Vegas gambling.

Billy Walters, a legendary sports bettor and author of *Gambler: Secrets from a Life at Risk*, shares his remarkable journey from a challenging childhood in Kentucky to becoming a millionaire in Las Vegas. He discusses his transformation from impulsive gambling to disciplined strategies shaped by personal hardships. Walters also sheds light on the evolution of sports betting through technology and analytics, as well as the rise of algorithmic betting amidst legal scrutiny. His insights into fantasy sports betting offer a glimpse into the competitive future of the gambling world.