On this episode of the Business of Betting podcast, Jason is joined by Alex Kane, CEO and founder of Sportrade.

Hear them discuss:

03:13 - Alex’s balanced take on Trump’s policies, including the Department of Government Efficiency

07:43 - The evolving world of betting exchanges

08:33 - Alex on the potential of a CFTC-regulated betting exchange ecosystem

10:53 - Comparing the U.S. stock market’s competitive venues to betting exchanges

12:15 - Whether Sportrade is pursuing a DCM/DCO application

14:33 - How sports betting could mirror the stock market’s infrastructure (ECNs, ATSs, etc.)

17:54 - Alex envisions two forms of sports betting: exchange-listed and state-regulated

20:37 - Jason’s skepticism about the CFTC sanctioning sports contracts

22:41 - Alex argues states have failed to regulate prediction markets fairly

25:11 - The philosophical difference between gaming and prediction markets

27:38 - Jason on the political realities blocking fair regulation

29:19 - Could sports betting fit under the SEC instead of the CFTC?

31:01 - Alex on the Trump administration’s potential influence on federal regulation

32:15 - Wrapping up with optimism for the future of prediction markets

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