On this episode of the Business of Betting podcast, Jason is joined by Alex Kane, CEO and founder of Sportrade.
Hear them discuss:
03:13 - Alex’s balanced take on Trump’s policies, including the Department of Government Efficiency
07:43 - The evolving world of betting exchanges
08:33 - Alex on the potential of a CFTC-regulated betting exchange ecosystem
10:53 - Comparing the U.S. stock market’s competitive venues to betting exchanges
12:15 - Whether Sportrade is pursuing a DCM/DCO application
14:33 - How sports betting could mirror the stock market’s infrastructure (ECNs, ATSs, etc.)
17:54 - Alex envisions two forms of sports betting: exchange-listed and state-regulated
20:37 - Jason’s skepticism about the CFTC sanctioning sports contracts
22:41 - Alex argues states have failed to regulate prediction markets fairly
25:11 - The philosophical difference between gaming and prediction markets
27:38 - Jason on the political realities blocking fair regulation
29:19 - Could sports betting fit under the SEC instead of the CFTC?
31:01 - Alex on the Trump administration’s potential influence on federal regulation
32:15 - Wrapping up with optimism for the future of prediction markets
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