The SF Giants' Kalshi partnership reflects a troubling trend in sports

The San Francisco Giants were one of five MLB teams last week that announced partnerships with Kalshi, a prediction market platform that calls itself the “world’s next-generation financial exchange.”

On the “Section 415” podcast, independent journalist Joon Lee joins host Kerry Crowley to discuss why teams have embraced partnerships with sportsbooks and prediction markets, the dangers these partnerships pose to fans, and how players feel about them.

0:00 Intro: The Giants-Kalshi partnership

2:24 The explosion of sports betting

5:05 What's the difference between prediction markets and sports betting?

11:35 Harassment from angry bettors & the toll on athletes

16:13 The long-term concerns of the sports gambling boom

19:29 Is there a path to responsible sports betting regulation?

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