How Desperation Makes You Fall For The Oldest Scam In History | Vivian Tu

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 960 Ratings

🗓️ 9 February 2026

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Vivian Tu exposes the dangerous rebranding of gambling as "investing" through prediction markets, revealing how desperation makes people vulnerable to these modern betting schemes. Lewis shares his raw journey from losing money gambling out of scarcity fifteen years ago to finally understanding the mindset shift that changed everything.

Transcript

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0:00.0	Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.
0:10.2	What would you say is the biggest money myth that you're seeing online right now on social media
0:15.2	that you think we should debunk or you think just doesn't really have any weight right now.
0:20.5	Yeah, I think one of the
0:21.6	scariest things I'm seeing right now is the, and I quote, prediction market. So you've heard of
0:28.9	these brands where basically you can essentially say, ah, I'm going to, and again, quote, big air quotes
0:34.9	here, invest in who potentially might win this political election or
0:39.9	who might win this basketball game or football game or who might, you know, will this person say
0:46.7	this in their live television broadcast?
0:49.0	And these brands, and I see these ads and it pisses me off to no end because they're like,
0:54.2	oh, well, these billionaires are investing in the prediction market.
0:58.4	These billionaires are not placing predictions in the prediction market.
1:02.6	They are investing in the brand because this is an old brand.
1:06.2	It is a brand as old as time, frankly.
1:08.6	And it's called gambling.
1:11.0	Yes. Okay?
1:12.0	I'm not even just talking, you know, like Vegas slots.
1:17.5	I'm talking, bring it back to the olden days of horse betting, where you had a bookie.
1:22.8	Like that is what you're doing here.
1:25.0	You are betting on an outcome.
1:27.0	This is not investing. This is not a market. You are betting on an outcome. This is not investing.
1:28.3	This is not a market.
	...

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