WEBVTT - Single Best Idea with Tom Keene: Michael Nathanson

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, single best Idea and

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<v Speaker 1>the way we make the sausage is through the show.

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<v Speaker 1>A couple of the interns are always listening, and they'll

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<v Speaker 1>decide they see some pithy moment, or I'll say, hey,

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<v Speaker 1>that was really good, let's do it. And not always,

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<v Speaker 1>but often, well, if something early in the show that

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<v Speaker 1>gets pushed aside by something later in the show, or

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<v Speaker 1>sometimes you don't see something coming and it's so profound

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<v Speaker 1>that you just stop and say, we have to do this.

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<v Speaker 1>For single best idea and the way this happened today

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<v Speaker 1>with the world Class Michael Nathan sent him off at

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<v Speaker 1>Nathanson on streaming. We talked about the horrific fires in

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<v Speaker 1>Los Angeles and what it will mean just for the

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<v Speaker 1>Oscars and what it will mean for Michael Nathanson's industry,

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<v Speaker 1>but also, you know, his single best idea and the

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<v Speaker 1>usual you know, Bloomberg surveillance chit chat. But then we

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<v Speaker 1>somehow stumbled into fan duel and the other one, what's

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<v Speaker 1>the other one called Draft Kings, DraftKings and fan Duel,

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<v Speaker 1>and we stumbled into that, and then Damien Sassar, who's

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<v Speaker 1>Encyclopedica on this with his effort at Bloomberg on Sports

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<v Speaker 1>was with us and so it was just brilliant. Here

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<v Speaker 1>is Michael Nathanson on some of the worries state by

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<v Speaker 1>state of our new sports gambling.

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<v Speaker 2>You may have thought that if we you know, is

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<v Speaker 2>gambling and they're spending as much as they can, But

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<v Speaker 2>we're finding we don't need those states to come online

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<v Speaker 2>anytime soon because on a state by state basis, there's

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<v Speaker 2>more per capital spending and the competitive dynamic. Right people

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<v Speaker 2>started with all types of free bet offers, those.

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<v Speaker 3>Platforms have gone away.

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<v Speaker 2>Yeah, pretty much a two horse market fan duel and DraftKings.

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<v Speaker 2>So it's become a dua and the per capitist bank

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<v Speaker 2>keeps going up. In Tom, I want to let you

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<v Speaker 2>know I have deep concerns about this as a as.

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<v Speaker 3>A parent and as a citizen, but it's legal.

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<v Speaker 1>Tom. Just fascinating conversation I mentioned later on about you

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<v Speaker 1>know this is just my old fossil them. I mean,

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<v Speaker 1>I don't have an opinion on this. I'm trying to

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<v Speaker 1>not editorialize. But in a college game, I'll see a

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<v Speaker 1>banner and down below they have the betting numbers in

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<v Speaker 1>the banner on TV, and I'm like, is that what

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<v Speaker 1>college sports has come down to is trying to figure

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<v Speaker 1>out what Ohio State's going to do to Notre Dame

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<v Speaker 1>and vice versa. I guess that's where we are.

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<v Speaker 3>We continued.

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<v Speaker 1>Damian Sansaar was just absolutely lights out. Michael Nathanson on

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<v Speaker 1>what we've learned from the United Kingdom in their decades

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<v Speaker 1>centuries of betting.

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<v Speaker 4>You know, it's interesting the UK has started to put

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<v Speaker 4>some real guardrails around this topic. Right, So the UK

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<v Speaker 4>regulars are concerned about just how much ease or how

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<v Speaker 4>much GENEROSSI has been given to betters and you know,

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<v Speaker 4>I'm putting, and they put limits on certain types of bets.

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<v Speaker 3>So you know, right now we're in this phase where

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<v Speaker 3>it's just un chat. Right.

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<v Speaker 5>I have to think ten years from now, Tom, we'll

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<v Speaker 5>look back and say, oh, we should have done more

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<v Speaker 5>on regulatory right, but we're in this golden age of

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<v Speaker 5>letting the market decide how much is enough?

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<v Speaker 3>Right.

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<v Speaker 1>We'll continue on this. This is all of a sudden

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<v Speaker 1>the theme I think of interest here for all of our

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<v Speaker 1>listeners and our viewers on YouTube around the world. We've

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<v Speaker 1>advantaged of Bloomberg intelligence. Brian Eggers is with us, who's

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<v Speaker 1>truly encyclopedic on this. We'll have them on more often

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<v Speaker 1>here into two thousand and twenty five on your community

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<v Speaker 1>across the nation on Apple carpenty, Androidotto, and Sirius XM

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<v Speaker 1>Channel one twenty one. Good Morning in New England, ninety

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<v Speaker 1>Highlight of the day, Putney, Vermont, thank you, launch monachathon

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<v Speaker 1>for the maple Syrup from the Putney School where it

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<v Speaker 1>was seven degrees this morning. We're on YouTube podcasts single

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<v Speaker 1>Best I Do