Rufus Peabody, a Yale graduate and successful sports gambler, dives into the evolution of sports betting in the U.S. after recent legalization. He shares insights on how technology has transformed betting strategies, making data-driven approaches essential. The discussion highlights the shadowy world of underground betting and the challenges faced by both gamblers and entrepreneurs in this rapidly changing landscape. Rufus emphasizes the importance of analytics and resilience while navigating the exciting yet complex realm of modern sports gambling.

In this engaging discussion, Nate Silver, author of *On the Edge* and a renowned expert in probabilities, dives into the complexities of sports betting and election forecasting. He shares insights on why people place bets and the psychological aspects of risk-taking. Silver reveals the stark differences between analytical bettors and intuitive gamblers. The conversation also touches on the stigma surrounding skilled bettors and the importance of information transparency in sports betting markets. Get ready for a fascinating look at betting culture!

In this discussion, Marci Cottingham, an associate professor of sociology at Kenyon College, shares her insights on the intense devotion of Pittsburgh Steelers fans. She explores the similarities between sports fandom and religious experience, highlighting the iconic 'terrible towel' as a sacred symbol. Cottingham emphasizes how rituals and communal ties foster identity among fans. Personal anecdotes reveal the profound emotional connections, while she calls for greater academic attention to the cultural significance of sports fandom.

Alison LaCroix, a legal historian and professor at the University of Chicago, dives deep into the Supreme Court's landmark decision overturning the Professional and Amateur Sports Protection Act. She discusses the historical tension between state sovereignty and federal authority, tracing back to the Fugitive Slave Act's impact. The conversation also explores how the framers envisioned federalism and its implications for modern legal decisions, especially in sports betting. LaCroix highlights how history influences today's legal landscapes, reminding us that history truly does rhyme.

Former New Jersey Governor Chris Christie, constitutional lawyer Ted Olson, and lobbyist Joe Brennan Jr. discuss the journey from fantasy sports to legalized sports betting in New Jersey. Christie shares insights on the critical role his state played in this shift, while Olson reveals the legal challenges that culminated in a Supreme Court victory. Former Senator Ray Lesniak adds his perspective on advocacy, and Professor Allison LaCroix contextualizes the legal complexities involved. Together, they unravel the intertwining of sports, law, and state rights.

Bill Bradley, a former NBA star and US Senator, dives deep into the values of integrity and ethics in sports. He shares his transition from basketball champion to a political advocate against sports betting. Bradley reflects on the moral dilemmas athletes face, especially in light of gambling's rise. He also discusses the impact of sports betting on the integrity of games and the challenge of maintaining traditional values in today's sports culture. Listeners are treated to a thought-provoking exploration of principles that define the essence of athleticism.

Eric Simons, an author who delves into the psychology of sports fans, discusses the intense emotional highs and lows of fandom. He explores the sacrifices fans make and how their loyalty can lead to irrational behaviors, like superstitions and rituals meant to influence game outcomes. The conversation also highlights the evolving relationship between technology and sports fandom, illustrating how emotions drive both behavior and market dynamics. Simons paints a vivid picture of the passion that fuels the lingering hope and despair of being a dedicated sports fan.

Against the Rules is going to Vegas (by way of New Jersey!). Host Michael Lewis bets high and low to find out how Americans, and their state governments, got addicted to a new form of legalized gambling. This season, we’ll meet bookies, lobbyists, lawyers and professional sharps. All in their own ways trying to figure out why fans might hitch their life savings to their favorite team’s performance. See omnystudio.com/listener for privacy information.

Michael Lewis and Lidia Jean Kott discuss the sentencing of Sam Bankman-Fried with legal expert Rebecca Mermelstein. They explore the courtroom drama, unexpected sentencing outcomes, and the controversy surrounding justice. The podcast delves into the implications of a lengthy prison sentence and the potential for redemption post-release.

Jonathan Lipson, a professor at Temple Law School, discusses the flaws in the US bankruptcy system highlighted by the FTX bankruptcy proceedings. The podcast dives into conflicts of interest, unique aspects of the case, consequences of reorganization, legal challenges, and the importance of investigative curiosity. It raises questions about fairness, transparency, and ethics in bankruptcy cases.