On this episode of the Business of Betting podcast, Jason is joined by Greg Wolfe, CEO and co-founder of The Wolfline. Greg, an options trader turned sports betting analytics expert and advocate for consumer protection, shares his unique perspective on the industry.
Hear them discuss:
01:32 - How Greg got started in sports betting at just five years old
02:42 - His journey from betting and bookmaking to options trading
04:43 - Why he left the financial markets for sports betting analytics
07:50 - The high-hold, low-volume model in horse racing and its flaws
10:20 - Why sports betting hasn't modernized like financial markets
12:18 - Greg’s argument that sports betting contracts should be regulated as securities
15:40 - Applying the Howey Test to sports betting
19:50 - Whether sports betting meets the SEC's definition of a security
26:28 - The regulatory debate: Should the SEC or CFTC oversee sports betting?
30:20 - The SEC's reluctance to regulate and its impact on sports betting
32:10 - Consumer protection issues in sports betting and financial markets
33:50 - Data latency, front-running, and how sportsbooks exploit bettors
34:50 - Why Greg believes the leagues act as issuers of sports betting contracts
35:40 - Where to find Greg and his parting thoughts on industry ethics
⚡️ Follow BoB on Twitter/X
⚡️ Watch BoB on Youtube
⚡️ Follow Jason on Twitter/X
⚡️ Apply to be a guest here
---
This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry.
Hosted on Acast. See acast.com/privacy for more information.
Popular Podcasts
United States of Kennedy
United States of Kennedy is a podcast about our cultural fascination with the Kennedy dynasty. Every week, hosts Lyra Smith and George Civeris go into one aspect of the Kennedy story.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com