"What AI, SPACs, the Dotcom Bubble and Sports Betting All Have in Common" by Joe Moglia, Substack
Ever since the Supreme Court legalized sports betting in 2018, the world of sports has been shaken over and over again by gambling scandals. It doesn’t matter if it’s at the college level or in the pros, players, coaches, even umpires and translators have gotten in on the illegal action. The latest big busts were the NBA’s Chauncey Billups and Terry Rozier, netted as part of an investigation into a gambling ring run by the mafia.
Every time some kind of illegal sports betting gets exposed, there’s an investigation, suspensions, fines, even arrests, but the problem hasn’t gone away.
Why is that?
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