Tapping into Instincts and Underregulated Areas for Profit

1min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

To make a significant amount of money, one should exploit a flaw in human instincts in a sector with minimal regulations. The sports betting industry, which generated $120 billion in revenue in 2023, is rapidly growing due to this principle. Men's inherent risk-taking behavior and the lure of gaming have contributed to the growth, leading to potential negative consequences such as increased male suicide rates attributed to excessive gambling through apps.

Scott shares his thoughts on the latest financial figures from ByteDance and discusses if he would buy shares on the secondary market. He then takes a look at a platform for trading on event outcomes that just attracted a big market maker. Finally, Scott and Ed discuss one of the largest deals in YouTube history, and what it says about the creator economy.

Pre-order "The Algebra of Wealth" out April 23rd

Vote for No Mercy / No Malice in the Webby Awards

Subscribe to No Mercy / No Malice

Follow the podcast across socials @profgpod:

Learn more about your ad choices. Visit podcastchoices.com/adchoices