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The Gist

High Stakes, Low Standards: America's Gambling Gamble

The Gist

Mike Pesca

News, Politics, Arts, Daily News

4.43.6K Ratings

🗓️ 5 August 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Jonathan D. Cohen, author of Losing Big: America’s Reckless Bet on Sports Gambling, joins to explain why our national rush into online sports betting might be a bigger mess than we realize. They talk sketchy app rollouts, bad state deals, and how betting lines went from shady corners to college campus. Plus, why Malaysian women’s doubles badminton at 3 a.m. says more about America than we’d like to admit.

Produced by Corey Wara


Production Coordinator Ashley Khan


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Transcript

Click on a timestamp to play from that location

0:00.0

It's Tuesday, August 5th, 2025 from Peachfish Productions.

0:08.7

It's The Gist.

0:10.0

I'm Mike Peska.

0:11.5

We have a good show today about one of my passions that I don't often talk about on this show,

0:16.4

if not paid by the correct sponsor.

0:18.7

I like to gamble.

0:20.5

Very small amounts on sports that I know a lot about.

0:25.3

And the result of this gambling is sometimes winning.

0:28.4

But it's good for society just because I like a little bit of it.

0:32.8

After I interviewed our next guest, Jonathan D. Cohen, author of Losing Big America's Reckless Bet on Sports Gambling,

0:40.1

and we know from the subtitle where he stands.

0:42.5

After I interviewed him, I had a strange and interesting visitor to the house.

0:46.8

He wasn't strange, but he was interesting.

0:48.7

It was a guy named Isaac Rose Berman, and I invited him, or he was invited, passive voice. I don't know how he got there,

0:55.6

but I'm glad he did to my occasional poker game. And IRB, as I've come to call him,

1:02.7

it's a great guy, great at poker, good gambler. And it turns out he studies this very issue.

1:08.8

And it turns out he himself is something of a professional gambler.

1:13.1

And it further turns out he co-writes a lot of papers with Jonathan D. Cohen, who I'm about.

1:18.9

To interview, I think Jonathan D. Cohen is more in the anti-camp. And Isaac Berman, Isaac Rose Berman

1:24.4

is more in the, we'll see camp. Let me tell you something about Isaac.

1:29.0

He took the cards and said, I'll deal for everyone.

1:32.8

It keeps me in the game.

...

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