The business of sports betting and prediction markets is continuing to grow. 

LeBron James is the latest major name to land a deal in the industry, signing a $15 million a year endorsement deal with Polymarket - nearly four times his NBA salary this season.  

But the fast growth of the sector and ability to bet on anything is sparking some concerns. 

American Institute for Boys and Men Gambling Policy Lead Jonathan D. Cohen argues that prediction markets may be more dangerous than traditional gambling platforms in some respects, as they blur the line between gambling and investing in some countries. 

He told Mike Hosking a 19-year-old who's starting to build wealth could easily delude themselves into thinking it's a wise financial decision, and that's really dangerous for the long-term financial well-being of young people.  

LISTEN ABOVE 

The business of sports betting and prediction markets is continuing to grow.&nbsp;
LeBron James is the latest major name to land a deal in the industry, signing a $15 million a year endorsement deal with Polymarket - nearly four times his NBA salary this season. &nbsp;
But the fast growth of the sector and ability to bet on anything is sparking some concerns.&nbsp;
American Institute for Boys and Men Gambling Policy Lead Jonathan D. Cohen argues that prediction markets may be more dangerous than traditional gambling platforms in some respects, as they blur the line between gambling and investing in some countries.&nbsp;
He told Mike Hosking a 19-year-old who's starting to build wealth could easily delude themselves into thinking it's a wise financial decision, and that's really dangerous for the long-term financial well-being of young people. &nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Jonathan D. Cohen: American Institute for Boys and Men Gambling Policy Lead on the rise of prediction markets and sports betting

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2e608c53-3d86-4457-be9b-b4ce01681d78/transcript