Against the Rules with Michael Lewis

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.

Jeff Gordon, a recovering gambling addict, shares his gripping journey through the chaotic world of sports betting. He discusses the emotional toll and societal perceptions surrounding gambling addiction, highlighting the superficiality of the industry's responsible gaming initiatives. The conversation unveils the troubling rise of gambling issues, especially among young men, and the urgent need for consumer protections. Gordon also reflects on the psychological impact of losing VIP status and the complex interplay between identity and addiction in an increasingly digitized gambling landscape.

Lydia Jean Cott, a savvy producer known for her work on various podcast projects, dives into the shadowy world of sports betting as a 'mule.' She reveals the murky relationships between skilled gamblers and their mules, discussing the intricate challenges they face, from account restrictions to emotional turmoil. The podcast also touches on the psychological pressures of betting, the risks of identity theft, and the exploitative nature of the gambling industry, offering a fascinating glimpse into this high-stakes environment.

Ted Olson, a renowned constitutional lawyer and former US Solicitor General, reflects on his extraordinary legal career and impact on landmark Supreme Court cases. He shares insights from his early days arguing in court, revealing emotional and strategic challenges. Olson discusses the complex legal battle that led New Jersey to successfully overturn federal restrictions on sports betting. His stories highlight the intricate dynamics of federalism and offer a glimpse into the tenacity required to navigate critical legal disputes.

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, discusses his journey from the court to Capitol Hill, advocating for integrity in sports against the rise of betting culture. He emphasizes the importance of personal values and perseverance in athletics. Gadoon 'Spanky' Kryollos shares his experiences exploiting betting inefficiencies, revealing the complex relationship between sports and gambling. Together, they explore how integrity struggles amidst the modern obsession with winning, and what that means for the future of sports.