Episode 967: Regulating Online Sports Betting
Newt's World
Gingrich 360
4.6 • 6.4K Ratings
🗓️ 16 April 2026
⏱️ 31 minutes
🧾️ Download transcript
Summary
Newt talks with former Congressman and physician Dr. Greg Ganske about the growing public health risks posed by online sports betting and emerging prediction markets, framed by a broader discussion of sports’ role in personal development and community life. Dr. Ganske argues that sports uniquely teach discipline, teamwork, goal setting, and community cohesion. He warns that the rapid expansion of online betting, driven by ubiquitous smartphone access and aggressive advertising campaigns featuring major sports leagues and star athletes, threatens this integrity by increasing incentives for cheating, point shaving, and manipulation at both professional and collegiate levels. Dr. Ganske highlights gambling disorder as a medically recognized condition associated with loss of control, financial ruin, deception, and bankruptcy, affecting an estimated 2-4 million Americans, with another roughly 10 million people at high risk. Their conversation also examines prediction markets on platforms such as Kalshi and Polymarket, which position themselves as regulated futures markets under the CFTC but, in Ganske’s view, exploit regulatory gaps while enabling betting on elections, assassination risks, and other sensitive events, compounding incentives for abuse. Dr. Ganske outlines potential federal responses, favoring regulation over outright bans due to constitutional and First Amendment concerns.
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.5 | Guaranteed Human. |
| 0:07.9 | Welcome to Neut's World Podcast on the IHeart Podcast Network. |
| 0:12.4 | I want to take a minute as we are talking about the tax season. |
| 0:16.6 | April 15th is the classic American day when all of us looked at the federal government |
| 0:21.9 | and realize that that's where a lot of our money went. |
| 0:25.2 | And there's some fascinating things going on. |
| 0:28.4 | The one big beautiful bill passed July 4th last year is actually working. |
| 0:35.3 | And that's important. |
| 0:36.4 | Remember, the theory of the one big beautiful bill |
| 0:38.8 | is that if we reduce taxes, leave more money in your pocket, allow small businesses in particular |
| 0:46.6 | to have more resources so they can grow, hire more people, that in fact the economy will get |
| 0:53.8 | better. |
| 0:58.8 | And if you'll notice, despite all the problems, despite the war with Iran, |
| 1:02.7 | despite the challenges of getting oil out of the strait of her most, |
| 1:07.7 | the economy overall has been remarkably strong and remarkably stable, |
| 1:09.4 | and we keep adding jobs. |
| 1:12.1 | And remember, when you see those job numbers, |
| 1:21.6 | that's after reducing the federal employment by 350,000 people. So we're actually adding so many private sector jobs that we are more than making up for the degree to which the Trump administration has shrunk the |
| 1:29.3 | federal bureaucracy. But let me just give you some examples. This year, the Internal Revenue |
| 1:34.6 | Service is issuing higher refunds with an average of about $3,462, which is about 10% more than last year. Last year, they gave out $3,462, which is about 10% more than last year. |
| 1:46.2 | Last year, they gave out $3,116. |
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