Less than six years after a Supreme Court ruling paved the way for legal sports gambling, U.S. sports leagues are facing an onslaught of betting scandals. The latest example is Jontay Porter, a little-known NBA player, who has been given a lifetime ban for betting on games. WSJ’s Jared Diamond unpacks how major leagues are confronting the darker sides of sports betting with alarming frequency.



Further Reading: 

-NBA Player Banned for Life for Betting on Games 

-America Made a Huge Bet on Sports Gambling. The Backlash Is Here. 



Further Listening: 

-How a Psychiatrist Lost $400,000 on Gambling Apps 

-Disney Gets Into Gambling 

​​-FanDuel CEO on Sports Gambling's Big Boom 

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How Gambling Scandals Are Rocking Sports Leagues

The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson, with Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.

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When FTX collapsed into bankruptcy in 2022, many customers never thought they'd see their money again. But FTX's assets have rebounded. WSJ’s Andrew Scurria unpacks why FTX will have more than enough money to fully repay customers and many creditors.



Further Reading:

- Crypto Exchange FTX Is the Rare Financial Blowup That Will Repay Victims in Full 



Further Listening:

- The Trial of Crypto’s Golden Boy 



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How FTX Found Billions to Repay Customers

Before Ozempic, Wegovy, Mounjaro and Zepbound, there was Lotte Bjerre Knudsen.



In the 1990s, the young scientist at the Danish drug company Novo Nordisk was trying to unlock the key to a new technology for treating Type 2 diabetes. To her bosses, Lotte’s project, which focused on a hormone called GLP-1, looked like a distraction. 



But as Lotte fought to save her diabetes project from the chopping block, she couldn’t have imagined how much of an impact her breakthrough would have. Her work would pave the way for a hit drug called Ozempic. And it would unleash a new class of blockbuster drugs, pitting two companies in a race to become the world’s first trillion-dollar pharmaceutical company by market cap.



Listen to Part 1 of “Trillion Dollar Shot” now.



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Trillion Dollar Shot, Episode 1: Birth of a Blockbuster

WSJ’s Julie Wernau wanted to test a hypothesis: are there more mentally ill homeless people now, compared to before the pandemic? That question led her to Rob Dart. Once a successful lawyer, in 2022 he went into a downward spiral, which his family has not been able to stop despite their best efforts.



Further Reading:

- A Lawyer Abandoned Family and Career to Follow the Voices in His Head 

- A Lawyer’s Slide Into Psychosis Was Captured in a WSJ Profile. He Tells Us His Story. 



Further Listening:

- America's Maternal Mental Health Crisis 

- Evicted on Wood Street: California's Housing Crisis 



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A Lawyer Says He Doesn't Need Help for Psychosis. His Family Disagrees.

Starbucks has a problem: Sales at U.S. stores have fallen sharply and now the company is looking to China, its second biggest market, to boost its revenue. But as WSJ’s Spencer Jakab explains, increased competition there is making that a tall order. 



Further Reading: 

-Starbucks Is Running Out of Americans to Drink Its Expensive Coffee 

-The Furious Race for the Future of Coffee



Further Listening: 

-The Underdog Coffee Bean That’s Making a Comeback 

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Can Chinese Customers Rescue Starbucks?

London and Dubai's international airports have become conduits for billions of dollars of illicit funds, potentially linked to corruption, drug trafficking and other crimes. WSJ's Margot Patrick explains how couriers in one money-laundering operation transported millions in dirty money on flights.



Further Reading:

- Billions in Dirty Money Flies Under the Radar at World’s Busiest Airports 



Further Listening: 

- How The Government Tied One Couple to Billions in Stolen Bitcoin 



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How Gambling Scandals Are Rocking Sports Leagues

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