When INVESTING Becomes GAMBLING: The Rise of Risky Bets
Andrew Yang Podcast
Andrew Yang & Audacy
4.8 • 3.2K Ratings
🗓️ 27 January 2025
⏱️ 48 minutes
🧾️ Download transcript
Summary
What happens when trading turns into a dangerous gamble? In this episode, Andrew and WSJ lead writer Gunjan Banerji uncover the addictive world of high-risk financial markets, options trading, and cryptocurrencies, where everyday people chase quick fortunes—but risk losing it all. Packed with shocking insights, and a deep dive into the gamification of investing, this is a must-watch for anyone curious about the high-stakes world of modern trading, the cultural pressures, and lack of regulation fueling this growing problem.
Watch the full episode on YouTube: https://youtu.be/iQS381E7O0M
Follow Andrew Yang: https://andrewyang.com | https://x.com/andrewyang
Follow Gunjan Banerji: https://x.com/gunjanjs | https://www.instagram.com/gunjansb
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Transcript
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| 0:24.8 | dot com and secure your seats today young man in his 20s working in finance, worked in Midtown. |
| 0:38.2 | He told the room of dozens of men that it had been one year since he bet on sports. |
| 0:43.2 | It had been one year since he bet on options on platforms like Robin Hood. |
| 0:47.3 | And I was like, oh my God, these rooms are filling up with people who are struggling with |
| 0:51.9 | trading in financial markets. |
| 0:54.0 | People's views on risk taking have fundamentally changed. |
| 1:08.7 | It is my pleasure to welcome back to the podcast. |
| 1:11.1 | So for the first time in person, Markets reporter for the Wall Street Journal and |
| 1:16.2 | CNBC contributor, Gunjin Banerjee. |
| 1:18.8 | Welcome. |
| 1:19.7 | Thank you for having me, Andrew. |
| 1:20.9 | I'm excited for this. |
| 1:22.2 | Me too. |
| 1:23.1 | So I reached out to you because you did some very, very long form, long term reporting on men who'd gotten themselves into a bit of addictive behaviors in terms of options trading, cryptocurrency. |
| 1:39.1 | Sometimes they were going to meetings to try and wean themselves off of this addiction. |
| 1:43.6 | And so for some context for you, |
| 1:46.1 | I did an episode about sports gambling a little while ago and how the legalization has had |
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