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Who Profits From America's Gambling Boom? | Jon Schweppe
Description
Sports betting has become a constant presence in American sports, but what happens when betting apps profit from customers who lose the most? Joseph Backholm welcomes Jon Schweppe, a senior advisor at the American Principles Project and former Federal Trade Commission policy advisor, to examine the business practices of online sportsbooks. They discuss allegations of targeted promotions for losing bettors, the risk of gambling addiction, and the financial strain on families. The conversation also explores how sports betting advertisements reach children and whether state tax revenue justifies the social costs. Schwab considers consumer protection concerns and the policy changes that could address these problems.
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