Welcome back to the Fintech Takes podcast. I'm Alex Johnson, joined by Jonathan Cohen, Policy Lead at the American Institute for Boys and Men and author of Losing Big: America's Reckless Bet on Sports Gambling.

In keeping with a theme that we've been building on around here, today's episode is about sports betting, gambling, prediction markets, and the infiltration of all of these activities into financial services apps. 

We cover the 2018 Supreme Court ruling that had almost nothing to do with gambling and everything to do with states' rights; the frictionless mobile nature of betting today and what that unlocked; the research on young men, loneliness, and financial nihilism that explains why this landed where it did; and the CFTC's decision to classify sports prediction market contracts as swaps, which handed the industry a green light that may not survive the next Supreme Court term.

We also get into Robinhood's role as backend infrastructure for Trump accounts, and what it means that young men may soon inherit a government-seeded investment account from the same company that's pushing them toward sports betting.

Check out Jonathan's book here: https://a.co/d/0bbrz0IR 

This episode is brought to you by Persona. 

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They just published their Fraud Leader's Guide to Link Analysis, a practical look at today’s top risk signals, automating decisions, and scaling link analysis for fraud prevention. Download it now: http://withpersona.com/ftt-fraud 

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Follow Jonathan:

LinkedIn: https://www.linkedin.com/in/jonathan-cohen-6219b989/ 

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