Insider Trading and the Public Interest I have previously blogged about the expansion of prediction markets and its effects on the population. Bettors can bet on virtually anything. For example, Will the U.S. invade Iran before 2027? The Iran war is a popular source of betting. Prediction market traders on Polymarket and Kalshi have placed […]
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The Human Element of Betting on Prediction Markets Prediction markets are booming in popularity and facing scrutiny amid reports of market manipulation and insider trading. In the U.S., most betting, be it on prediction markets or on sports apps, is on the outcomes of sporting events. Indeed, betting on sports accounts for between 85% and
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How Do the Scams Work? Last night I watched a segment of American Greed from years ago that explored the role of predatory money managers in professional sports. The segment presented the story of a money manager, Peggy Ann Fulford, who duped athletes including NBA Hall of Famer Dennis Rodman, former NFL player Ricky Williams and other
Predatory Money Managers Are Increasingly Scamming Professional Athletes Read More »
Are Collegiate Athletes Interests Being Well-Served? I have previously blogged about the expansion of “name, image, and licensing” (NIL) opportunities for collegiate athletes. This has spawned so-called collectives. NIL collectives are independent organizations that fundraise money for various universities and give it to attending college athletes in the form of NIL agreement payouts. Several NIL
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Michigan football coach Jim Harbaugh was recently quoted as saying: “What I don’t understand…is how the NCAA, television networks, conferences, universities and coaches can continue to pull in millions—and in some cases billions—of dollars of revenue off the efforts of college student-athletes across the country without providing enough opportunity to share in the ever-increasing revenues.”
NCAA Proposal Addresses “the Elephant in the Room” Read More »
Are Partnerships Between Sports Betting Companies and Universities a Bridge Too Far? The commercialization of collegiate sports is an outgrowth of the legitimization of gambling in America. It started with off-track betting, spread to state lotteries, then casino gambling, and now we have fantasy sports betting. Collegiate sports have been affected as well through agreements
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Implications of the Supreme Court Decision After a long battle in the courts, the U.S. Supreme Court unanimously ruled that the NCAA rules that limit educational benefits for athletes are not reasonably necessary to distinguish between college and professional sports. Under current NCAA rules, athletes cannot be paid or profit from their name, image, or likeness. The
Implications of the Supreme Court Decision After a long battle in the courts, the U.S. Supreme Court unanimously ruled that the NCAA rules that limit educational benefits for athletes are not reasonably necessary to distinguish between college and professional sports. Under current NCAA rules, athletes cannot be paid or profit from their name, image, or likeness. The
Pay-to-Play and Collegiate Sports I have previously blogged about whether college athletes should receive monetary compensation for their athletic services. Now comes a new case before the U.S. Supreme Court involving whether the National Collegiate Athletic Association may impose restraints on compensation related to education and educational benefits like paid internships. Both cases have some
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Ethical Issues Examined I have previously blogged about whether college athletes should receive monetary compensation for their athletic services. Now comes a new case before the U.S. Supreme Court involving whether the National Collegiate Athletic Association may impose restraints on compensation related to education and educational benefits like paid internships. Both cases have some things
Should NCAA Athletes Receive Compensation and Paid Educational Benefits? Read More »