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Sports Betting

Easy Prey

Release Date: 07/08/2026

Ransomware Evolution show art Ransomware Evolution

Easy Prey

Ransomware has changed dramatically over the years. What started as criminals locking up individual computers and demanding relatively small payments has grown into a much larger operation involving stolen data, entire networks, third-party vendors, and increasingly sophisticated ways of pressuring victims to pay. Now AI is adding another wrinkle, giving criminals new tools while also creating some unexpected problems for them. Joining me to talk about how ransomware has evolved is Allan Liska, a ransomware researcher and Field CISO at Recorded Future. Allan has more than 30 years of...

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The Counterfeit Economy show art The Counterfeit Economy

Easy Prey

A counterfeit handbag may leave someone disappointed. A counterfeit medication, airbag, or child’s car seat can do far more damage. Fake products now reach into nearly every part of daily life, and many of them arrive through online stores that look completely legitimate. Kari Kammel saw the danger firsthand when a pharmacist overseas offered her several versions of the same medication. Some were authentic, while others were openly described as counterfeit. That experience stayed with her. She now directs the Center for Anti-Counterfeiting and Product Protection at Michigan State University,...

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The Internet is Playing You show art The Internet is Playing You

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A convincing lie no longer needs to look suspicious. It can appear in a familiar social media feed, come from someone who seems real, or arrive as a video that looks almost impossible to fake. By the time doubt sets in, the post may already have been shared thousands of times. Few people understand that online environment better than today’s guest. Nina Jankowicz has spent more than a decade studying what she calls the bad things that happen on the internet. She is an internationally recognized expert on disinformation and online harassment. She was also named one of Time magazine’s 100...

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The Psychology of Yes show art The Psychology of Yes

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It is easy to say you would never fall for a scam when you are looking at the situation from the outside. In the moment, though, things can feel much less obvious. A request may sound reasonable, the person may seem trustworthy, and saying no can feel awkward enough that you go along with something you would normally question. Today’s guest studies exactly why that happens. Vanessa Bohns is the Bronstein Family Professor and Chair of Organizational Behavior at Cornell University’s ILR School. Her work focuses on social influence, compliance, and the pressure people feel to cooperate, even...

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Drink Spiking show art Drink Spiking

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A drink can be out of your sight for only a moment, but that may be all it takes for someone to tamper with it. Spiking can happen in bars, restaurants, festivals, and even among people who already know and trust each other. It also goes far beyond alcohol. Drinks, food, vapes, cigarettes, and other substances can be altered without someone’s knowledge, leaving them vulnerable before they fully understand what is happening. Dawn Dines has spent more than 20 years working to change how people understand and respond to spiking. She is the founder and CEO of Stamp Out Spiking, a UK charity...

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Love, Lies and Locked Up show art Love, Lies and Locked Up

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What sounds like the plot of a crime thriller was Sharon Armstrong’s real life. An online romance drew her into an elaborate web of lies involving overseas contracts, invented emergencies, and several people playing carefully planned roles. By the time she arrived at an airport in Argentina with five kilograms of cocaine hidden inside her suitcase, she still believed she was carrying business documents for the man she loved. Sharon was arrested and spent more than two years in an Argentinian prison before returning home without a conviction. During that time, she had to confront the truth of...

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The Recruitment Trap show art The Recruitment Trap

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Everybody is searching for ways to increase income. Unfortunately, MLMs often look like an easy way to start a business without taking on the cost of a traditional company. The pitch sounds simple. Buy the product, follow the plan, and put in the work. The numbers behind those promises often tell a different story. Today’s guest, Stacie Bosley, has spent years studying what really happens inside MLMs. She is a professor at Hamline University in Minnesota and holds a Ph.D. in applied economics. Her research covers multi-level marketing, consumer protection, income claims, and pyramid scheme...

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Convincing Deepfakes show art Convincing Deepfakes

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A familiar voice on the phone or a recognizable face on a video call used to offer some reassurance that you knew who you were dealing with. AI has changed that. Voice cloning, face swaps, and real-time video impersonation now allow scammers to convincingly pose as executives, job candidates, romantic interests, or even family members. Understanding how these attacks work and where they may be headed is a central part of Tom Cross’s work as Head of Threat Research at GetReal Security. Tom has spent more than 30 years studying cybersecurity threats, software vulnerabilities, and the methods...

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Most people use technology all day without giving much thought to what is happening behind the screen. We trust routers that may not have been updated in years, depend on internet systems few of us understand, and now turn to artificial intelligence for everything from travel plans to home repairs. That convenience comes with tradeoffs. In this episode, we look at the weaknesses built into our connected world and what happens when our technical knowledge fails to keep pace with the technology surrounding us. Sherrod DeGrippo leads threat intelligence for Unit 42 at Palo Alto Networks, where...

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Scam Compounds show art Scam Compounds

Easy Prey

When most people think about online scams, they picture criminals sitting behind a screen and stealing from victims around the world. But in Southeast Asia, many of the people sending those messages are victims too. Some were promised legitimate jobs, flown across borders, trapped inside guarded compounds, and forced to scam others while trying to survive.  In this episode, I talk with Ivan Franceschini, a lecturer in Chinese Studies at the Center for Contemporary Chinese Studies Asia Institute. After years of studying labor rights, civil society, and Chinese investment in Cambodia,...

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Sports betting is everywhere now. It is in the commercials, on the apps, wrapped into game broadcasts, and sold as a fun way to make sports more exciting. But behind the easy sign-ups and “risk-free” offers is an industry built on odds most people do not fully understand, fine print that can cost real money, and a business model that depends on customers losing.

In this episode, I talk with Danny Funt, an investigative reporter and the author of Everybody Loses: The Tumultuous Rise of American Sports Gambling. His reporting on sports betting, politics, news, and sports media has appeared in The Washington Post, The New Yorker, The Wall Street Journal, Columbia Journalism Review, and other publications. Through his work, Danny has taken a close look at how legal sports betting expanded so quickly in the United States and what that boom has meant for everyday customers.

I talk with Danny about misleading promotions, why “risk-free” bets are not always what they sound like, and how betting apps encourage people to remember their wins while downplaying their losses. Danny also explains why the customers who actually win can be limited or pushed away, while big spenders who lose heavily may be rewarded with VIP perks and personal attention. This episode is a closer look at the gap between the fun, harmless image of sports betting and the way the industry really works.

Show Notes:

  • [01:20] Danny Funt introduces his work as an investigative reporter and explains how his book, Everybody Loses, examines the rapid rise of legal sports betting in America.
  • [03:57] A “risk-free” betting promotion turns out to be much more complicated than it sounds, leaving customers with bonus bets instead of a simple refund.
  • [05:25] The fine print behind bonus bets shows how customers can still lose real money, even when the offer is marketed as safe or risk-free.
  • [07:26] Legal sports betting has grown from a Nevada-based industry into a massive national business, with billions wagered every year across dozens of states.
  • [10:00] Easy access through phone apps, constant advertising, and in-game micro bets have changed how people engage with sports and gambling.
  • [12:21] Sportsbooks often highlight customer wins while downplaying losses, creating a distorted picture of how much money people are actually losing.
  • [15:59] Misleading promotions and advertising claims make betting look like a real way to profit from sports knowledge, even though very few people win long term.
  • [20:03] Customers who show signs of being skilled or profitable can be restricted or limited, which contradicts the message that anyone can win.
  • [21:51] The difference between prediction markets and sportsbooks helps explain why sportsbooks care so much about who wins and who loses.
  • [26:24] VIP programs for high-spending customers go far beyond casino perks, offering exclusive sports experiences and personal attention to keep people betting.
  • [28:19] Personal relationships between VIP hosts and customers can blur ethical lines, especially when big losers are treated like valued friends.
  • [34:17] Unlike bars that are expected to cut off visibly drunk customers, sportsbooks often have no clear requirement to intervene when betting behavior becomes dangerous.
  • [37:14] State lawmakers are beginning to consider tighter regulation, but tax revenue and industry lobbying make meaningful reform difficult.
  • [41:24] Industry insiders acknowledge the tension between protecting customers and maximizing profits, with many suggesting real change will require legislation.
  • [43:37] Professional bettors and industry critics are pushing back by warning people how difficult it really is to win and how risky the current betting culture has become.

Thanks for joining us on Easy Prey. Be sure to subscribe to our podcast on iTunes and leave a nice review. 

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