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Danny Funt Details 'Whole New Ballgame' of Online Sports Gambling in 'Everybody Loses'

Bloomberg Markets
Wednesday, April 1, 2026 at 9:52 PM
~4 min read

Original Report

Danny Funt, author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling,' said that online sports betting is a 'whole new ballgame' as the ability to make thousands of real time bets...

Danny Funt, author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling,' said that online sports betting is a 'whole new ballgame' as the ability to make thousands of real time bets 24/7 has ballooned over the last decade, outpacing any attempt to regulate sportsbooks. Funt detailed how sports leagues changed their tune on betting when officials learned that gambling could revitalize struggling media deals and make a windfall for major sports. Funt also talked about the meteoritic rise of prediction markets as regulators question what counts as gambling. (Source: Bloomberg)

Glass House Analysis

This story reflects the interconnected nature of modern economic systems, where developments in one sector inevitably affect others. Understanding these connections is essential for grasping how policy decisions and market movements translate into real-world outcomes for families, workers, and communities. The economy is not an abstract system of numbers—it's the sum total of decisions about who works, who prospers, and who struggles.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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