In this episode of everyone’s absolutely definitely favourite addiction research-related podcast, hosts Dr Michael Auer – who is inexplicably quiet on this one, not sure how that happened because he sounded fine when we hit ‘record’ – and Jon Bruford (who probably sounds disproportionately loud this episode) explore the fascinating world of prediction markets, their potential for social good, and the risks of gambling harm. Our guest Glenn Yamagata, who serves on the Oregon Council on Problem Gambling, shares insights from his research on how these markets operate, their regulation, and their impact on society.
This episode comes to you courtesy of the excellent Gaming Laboratories International.
GLI is a world-class testing, inspections and certification company committed to delivering the highest quality land-based, lottery and iGaming testing and assessment services, working in more than 710 jurisdictions.
For more information, visit gaminglabs.com.
Things we talk about, presented in a list:
- The origins and evolution of prediction markets
- The dual role of prediction markets in social good and gambling harm
- Legal and regulatory challenges for prediction markets
- The impact of prediction markets on society and finance
- The influence of digitization and technology on prediction markets
- The role of prediction markets in information gathering and risk management
Choice quotes:
- “Two things can be true at once.”
- “Prediction markets can serve many different functions.”
- “The big risk is expanding the population of people gambling.”
Chapters, but add a bit of time because of our ad read and the lovely music. Did you know that Michael wrote, performed and recorded the theme music himself? True story.
- 00:00 Introduction and guest introduction
- 03:55 Guest background and academic journey
- 08:01 Prediction markets and their functions
- 14:54 Gambling-related harm and social benefits
- 22:11 Legal and regulatory landscape
- 30:02 Prediction markets in finance and investment
- 40:14 The impact of digitization and technology
- 50:00 Future outlook and societal implications
- 01:00:13 Closing remarks and guest farewell (although honestly, there’s probably 15 more minutes after this.)
The OCPG on LinkedIn: https://www.linkedin.com/company/oregoncouncil/
Resources & Links:
The Gambling Files on LinkedIn: https://www.linkedin.com/company/the-gambling-files-podcast/
Addiction: An Hour With Auer is a weekly podcast where hosts Dr Michael Auer – he of the title – and Jon Bruford talk about addiction in all its forms. Not just gambling addiction, they discuss all forms of addiction with experts, academics and researchers from around the world.
Dr Auer on LinkedIn: https://www.linkedin.com/in/michael-auer-51a48a/
Jon Bruford on LinkedIn: https://www.linkedin.com/in/jon-bruford-84346636/
Podcast homepage: https://www.thegamblingfiles.com/addiction/
Media behemoth homepage: https://www.thegamblingfiles.com/
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