The Difference Between Sports Betting & Trading (with Josh, Michael and Patrick Keane)

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 30 September 2019

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Patrick Keane, CEO of The Action Network, joins Josh Brown and Michael Batnick at The Compound to discuss the future of sports betting and how it compares to trading. Patrick believes that prop betting will explode in popularity as sports venues warm to the additional revenue it can bring. He sees app-based betting coming to a state near you and many stock market traders becoming attracted to sports bets as the terminology becomes more widely understood. 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/ #Stocks #StockMarket #MakeMoney #Wealth #HowToInvest #Investing #Money #Trading #RetirementInvesting #FinancialAdvice #InvestmentAdvisor #FinancialAdvice #PersonalFinance #betting morning #trading #gambling #fantasysports Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi I'm downtown Josh Brown we are live from the compound I'm here with Michael
0:04.3	Batnick and Patrick Keene Patrick Keene is the CEO of the action network
0:09.0	building what I consider to be the next generation in sports betting content.
0:14.6	We're going to talk about the overlap between trading and gambling.
0:18.4	We're going to talk about prop bets.
0:19.7	We're going to talk about the emergence of what I think could be America's new favorite
0:24.1	past time stick around we'll see what's happening.
0:28.2	Patrick first of all, thanks for coming by today. I find what you guys are doing at the
0:37.8	Action Network to be fascinating on a lot of levels, but why don't you just quickly
0:42.1	explain what the site and the app are all about and what you
0:46.1	guys are building?
0:47.1	Yeah, absolutely.
0:48.1	So the Action Network is a Sports Betting, Data, Content, and Information Business.
0:52.4	We're not an operator.
0:53.2	You can't place real money wagers in the platform.
0:55.5	You're not a casino.
0:56.3	No, we're not a casino.
0:57.3	We're not an operator.
0:58.2	But what we do is we provide tools, insights, and data.
1:01.2	Almost think of us as sort of the Bloomberg or
1:03.7	CNBC of sports betting data information. You can't trade in our platform, but
1:07.3	you can decision against how you bet with great insights from our analysts, from
	...

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