Business of Betting Podcast

By Business of Betting Podcast

A podcast covering the sports betting industry from the perspective of bettors, operators, and industry insiders. Hosted by Jeff Edelstein, Senior Analyst at InGame.com.

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· Sports

4.6

5555 ratings

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FAQs about Business of Betting Podcast:

How many episodes does Business of Betting Podcast have?

The podcast currently has 371 episodes available.

Business of Betting Podcast episodes:

August 27, 2026E306 - Steven Dresner from DealFlow Events
On this episode of Business of Betting, Jeff Edelsten is joined by Steven Dresner, Founder of DealFlow Events, to discuss the rise of prediction markets, why the space has become impossible to ignore, and what the future could hold for institutional adoption, specialized exchanges, and the broader financial ecosystem.

Hear them discuss:
Why DealFlow Events decided to enter the prediction markets space and how the industry fits the company's focus on emerging markets with financial, regulatory, and investment complexity.
What will differentiate Predict 2026 from the growing number of prediction market conferences, including its focus on balanced programming, information exchange, and networking.
Whether sports event contracts are serving as a gateway into prediction markets or could ultimately create significant regulatory risk for the industry.
Why regulatory uncertainty remains the biggest uncontrollable risk facing prediction market operators and participants.
The misunderstood value of prediction markets, including how informed participants can contribute to more efficient markets and create useful signals around future outcomes.
The concerns surrounding insider trading and easily manipulated markets, and why stronger technology, fraud prevention, and market infrastructure could help address those challenges.
Why sports have been critical to the growth and visibility of prediction markets, while the bigger long-term opportunity may lie in institutional hedging and derivative products.
Where Steven believes the biggest business opportunities will emerge, from exchanges to the supporting ecosystem of geolocation, fraud prevention, payments, and other infrastructure providers.
How the prediction market industry could evolve into a mix of large consumer-facing platforms and specialized exchanges built around specific institutional use cases.
Steven's outlook for the next five years, including the potential for global exchanges, increased institutional participation, international expansion, and hedging and derivative markets that could eventually dwarf sports betting

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32min
August 20, 2026E305 - Peter Schoenke from Fantasy Life
On this episode of the Business of Betting podcast, Jeff Edelstein is joined by Peter Schoenke, CEO of Fantasy Life and longtime fantasy sports entrepreneur, for a wide-ranging discussion on the evolution of fantasy sports, the early days of RotoWire, regulation, Daily Fantasy Sports, AI, and the future of the fantasy sports industry.

Hear them discuss:
Peter Schoenke's journey from financial journalism to founding and building RotoWire into a major fantasy sports business.
How fantasy sports worked before the internet and how real-time player information transformed the experience for fantasy players.
The legal battles and regulatory developments that helped establish fantasy sports as a legitimate industry.
The rise of Daily Fantasy Sports and how FanDuel and DraftKings reshaped the market.
Why Peter believes there is still room for innovation despite the dominance of major fantasy sports platforms.
How AI could create more personalized fantasy experiences, from league-specific analysis to customized content and tools.
Why fantasy sports growth is increasingly driven by existing players participating in more leagues, formats, and contests.
The differences between fantasy sports and sports betting, particularly the importance of competition, community, and bragging rights.
The growth of newer formats such as best ball and guillotine leagues and their role in making fantasy a year-round activity.
Peter's vision for Fantasy Life and the tools, content, and products he believes can shape the next generation of fantasy sports.

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31min
August 13, 2026E304 - Adam Bjorn from Plannatech Group
On Episode 304 of the Business of Betting podcast, Jeff Edelstein is joined by Adam Bjorn, CEO of Plannatech Group, for a wide-ranging discussion on his three decades in sports betting, Prime, prediction markets, U.S. regulation, and the future of the industry.

Hear them discuss:
How Adam got his start in sports betting in Australia and the cultural influence of the Melbourne Cup.
Why America's growing gambling and gaming culture could create risks as sports betting, prediction markets, and iGaming expand.
The challenges of operating across 50 different U.S. regulatory environments, including taxes, market-access costs, and the federal excise tax.
Why Adam decided to acquire Prime and the opportunity he sees in competing for customers in the unregulated market.
How prediction markets are attracting professional, syndicate, and recreational bettors away from traditional sportsbooks.
Why Adam believes prediction markets are not a new concept and how the U.S. market's liquidity and large consumer base have accelerated their growth.
How the World Cup became a major coming-out party for prediction markets, with enormous trading volumes on platforms like Kalshi and Polymarket.
Why Prime is focused on grassroots growth, customer service, and carving out a niche rather than competing with the industry's biggest marketing spenders.
Adam's experience with U.S. regulators and why he believes changes to taxation could make the regulated sports betting market more sustainable.
The evolution of sports betting over Adam's 30-year career, from handwritten ledgers and phone betting to live betting, massive data availability, and AI-powered betting insights.

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37min
August 06, 2026E303 - Jonathan Cohen
On Episode 303 of the Business of Betting podcast, Jeff Edelstein is joined by Jonathan Cohen, Policy Lead at the American Institute for Boys and Men and author of Losing Big, for a wide-ranging discussion on sports betting regulation, the challenges facing young men, prediction markets, gambling education, dopamine-driven technology, and the future of responsible gambling policy.

Hear them discuss:
Why Jonathan believes sports betting should remain legal, but argues its rapid post-PASPA rollout lacked the guardrails needed to protect younger and more vulnerable consumers.
How the challenges facing boys and young men from economic uncertainty to shifting ideas of masculinity can make gambling, prediction markets, and other high-risk activities especially appealing.
Why gambling should be viewed alongside crypto, day trading, collectibles, online casinos, social media, and other dopamine-driven products competing for people's attention.
Whether sportsbooks, prediction markets, and regulators should introduce more friction through default betting limits, waiting periods, and restrictions on high-frequency betting products like microbets.
Why Jonathan believes prediction markets may pose even greater consumer risks than traditional sportsbooks by marketing themselves as opportunities to make money.
How advertising shapes public perception of gambling, investing, and financial success, and why younger bettors may be especially vulnerable to those messages.
The similarities between gambling, alcohol, pornography, social media, and other modern technologies that exploit the brain's dopamine reward system.
Jonathan's outlook on the future of gambling regulation, why today's debates may look very different five years from now, and what reforms he believes are both realistic and achievable.
Jonathan's unexpected work as a Bruce Springsteen scholar, what he learned from studying Springsteen's fanbase, and why great art means something different to every listener.

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41min
July 30, 2026E302 - Zack Panos from 4Casters
On Episode 302 of the Business of Betting podcast, Jeff Edelstein is joined by Zack Panos, founder of 4Casters, for a deep dive into the future of prediction markets, peer-to-peer betting, and the evolving sports betting ecosystem.

Hear them discuss:
Zack's journey from learning poker and risk management as a child to founding 4Casters and building a peer-to-peer betting exchange.
Why prediction markets have gained momentum, how they differ from traditional sportsbooks, and why California and Texas have become key battlegrounds for their growth.
The future of liquidity, market makers, pricing, and why Zack believes betting odds will eventually become a commodity across platforms.
Whether prediction markets are here to stay, the regulatory challenges ahead, and why Zack expects sportsbooks and prediction markets to ultimately converge into a similar user experience.
How betting and prediction markets encourage probabilistic thinking, improve decision-making, and could reshape how people consume news and information.
The growing "gamblification" of society, the impact of AI on entertainment and gambling, and why gambling education should become a much bigger priority.
Why Zack believes the industry's biggest opportunity lies in creating customer-friendly products that emphasize long-term engagement over maximizing player losses.
4Casters' long-term vision, lessons learned from fundraising, and Zack's strategy for building a sustainable betting business designed for the next generation of sports bettors

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35min
July 23, 2026E301 - Adam Small from Third Planet Media
On Episode 301 of the Business of Betting podcast, the tables are turned as Third Planet CEO Adam Small takes over hosting duties to interview Jeff Edelstein. Together, they reflect on the evolution of the U.S. sports betting industry since PASPA, debate prediction markets, discuss the future of gambling regulation, and explore why the industry's biggest challenges may still lie ahead.

Hear them discuss:
The rise and growing pains of the regulated U.S. sports betting market since PASPA was repealed
Why higher tax rates, betting limits, and shifting regulation have changed the industry's outlook
Looking back at the "gold rush" era of sports betting and whether those opportunities still exist
Why community remains one of sports betting's biggest untapped opportunities, from live events to social experiences
How DFS paved the way for products like PrizePicks, Kalshi, and prediction markets
The ongoing debate over what qualifies as gambling versus financial trading
Whether prediction markets can justify their soaring valuations and challenge established sportsbooks
Why DraftKings, FanDuel, and other incumbents may still be best positioned to dominate if prediction markets expand
The growing concern around gambling's influence on younger audiences and the need for gambling education in schools
Jeff's predictions for where sports betting, prediction markets, and the broader gambling industry are headed over the next decade

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35min
July 16, 2026E300 - Dave Portnoy from Barstool Sports
On Episode 300 of the Business of Betting podcast, Jeff Edelstein is joined by Barstool Sports founder Dave Portnoy for a candid conversation covering the rise of Barstool, the ESPN Bet partnership, gambling regulation, cancel culture, media, politics, philanthropy, and what the future might hold, including a possible run for public office.

Hear them discuss:
Why the Barstool Sportsbook partnership ultimately failed, what went wrong with ESPN Bet, and how strict regulatory oversight limited Barstool's ability to market authentically.
Dave's approach to building Barstool's culture, creating viral content, and empowering talent behind brands like Pardon My Take, Call Her Daddy, and The Pat McAfee Show.
The origin of the iconic One Bite Pizza Reviews and how a simple office debate turned into one of Barstool's biggest brands.
The story behind The Barstool Fund, raising over $50 million to help hundreds of small businesses survive the COVID-19 shutdowns.
How Dave navigates controversy, media criticism, cancel culture, and where he draws the line between accountability and online outrage.
Dave's views on politics, why he believes more outsiders should enter public service, and whether a future political campaign is truly on the table.
His perspective on antisemitism, social media polarization, and why he has become more outspoken in recent years.
The business lessons behind Barstool's growth, why authenticity beats traditional media, and how Dave evaluates creative talent.
Dave's passion for sports betting, horse racing, investing, and why he still loves wagering despite decades in the industry.
What's next for Dave Portnoy—from Barstool's future to horse racing ambitions, and why he believes his biggest challenge may still be ahead.

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41min
July 09, 2026E299 - John Phillips from PredictIt
On this episode of the Business of Betting podcast, Jeff Edelstein is joined by John Aristotle Phillips, founder of PredictIt and CEO of Aristotle.

Hear them discuss:
How PredictIt was founded and why prediction markets emerged as an alternative to traditional polling
Why prediction markets could fundamentally change the way people think about risk, probability, and decision-making
The future of sports prediction markets and why forecasting extends far beyond politics and sports
How media companies, businesses, and consumers may use prediction markets as everyday forecasting tools
The regulatory challenges facing prediction markets and why balanced oversight is essential for long-term growth
Whether political prediction markets should be viewed as protected political speech rather than gambling
The extraordinary story behind John's Princeton thesis demonstrating how an atomic bomb could be designed using publicly available information
How John's passion for nuclear nonproliferation led him into politics and the creation of Aristotle, a leading political technology company
The role AI could play in prediction markets and why human judgment will continue to matter
John's vision for a future where prediction markets help guide everything from financial decisions and healthcare to everyday life

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33min
July 02, 2026E298 - David Purdum from ESPN
On this episode of the Business of Betting podcast, Jeff Edelstein sits down with ESPN sports betting reporter David Purdum to discuss the evolution of the betting industry, the rise of prediction markets, AI's impact on journalism, responsible gambling, and the integrity challenges shaping the future of sports wagering.

Hear them discuss:
David Purdum's journey from newspaper journalism to becoming ESPN's leading sports betting reporter
How the sports betting industry has evolved from offshore books to legalization and today's prediction market era
Why AI is becoming an essential tool for journalists and how it improves reporting and research
The future of prediction markets and whether they can coexist with traditional sportsbooks
The rise in betting integrity scandals and why player prop markets deserve closer scrutiny
Responsible gambling, operator accountability, and the challenges of protecting vulnerable bettors
Why gambling addiction is often called the "hidden addiction" and the unique risks it presents
The need for gambling education in schools and whether the legal betting age should be increased
How gambling mechanics are expanding beyond sportsbooks into prediction markets, collectibles, and gamified products
David's approach to balancing a fast-paced reporting career with coaching youth soccer and maintaining perspective

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41min
June 25, 2026E297 - Peter Hammon
On this episode of the Business of Betting Podcast, Jeff Edelstein sits down with Peter Hammon, gaming attorney and consultant at Vela Wood, to discuss prediction markets, exchange wagering, regulatory risk, and the legal battles that could shape the future of sports betting in America.

Hear them discuss:
Why prediction markets have created a modern-day gold rush for operators, market makers, and investors looking to capitalize on a rapidly evolving opportunity
The growing role of market makers and liquidity providers operating across sportsbooks, prediction markets, and international trading platforms
How companies like Kalshi, Polymarket, Fanatics, Novig, and Sporttrade are positioning themselves for a future where prediction markets and sports betting increasingly overlap
The legal and regulatory risks facing businesses operating across both state-regulated sportsbooks and federally regulated prediction markets
Whether prediction markets have become too big to fail and why Peter believes the ultimate question centers on state versus federal authority over sports wagering
Why Kalshi is emphasizing non-sports markets as it prepares for future legal and regulatory challenges
The similarities between prediction markets, exchange wagering, poker, and peer-to-peer betting models, and why many of these concepts have existed for years under different names
Peter’s journey into gaming law, from launching the UCLA Gaming Law Association to joining Smarkets and helping shape the early exchange wagering movement in the United States
How Daily Fantasy Sports helped pave the way for PASPA’s repeal and fundamentally changed the trajectory of legal sports betting in America
California’s ongoing sports betting stalemate, the leverage prediction markets may be giving tribal operators, and why the state's unique geography continues to shape the debate

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47min

FAQs about Business of Betting Podcast:

How many episodes does Business of Betting Podcast have?

The podcast currently has 371 episodes available.

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