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

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)