About
On this episode of the Business of Betting Podcast, Jeff Edelstein sits down with David Woodley, sports betting entrepreneur, investor, and advisor to companies including Edge Markets and Speed Labs, to share his perspective on prediction markets, gambling’s place in society, and the startups building the next generation of betting products.
Hear them discuss:
Why gambling should be viewed more like alcohol, something most people can enjoy responsibly rather than through an all-or-nothing lens
The rise of prediction markets, the regulatory battles surrounding them, and why younger founders are reshaping the industry
David’s work with Edge Markets and how the company is reducing payment friction for bettors, sportsbooks, and prediction market traders
The evolution of Speed Labs from a survivor pool game into a real-time prediction market platform powered by proprietary micro-market technology
Why David believes betting “pick services” are often overrated, while niche businesses focused on solving one problem exceptionally well remain underrated
The parallels between gambling, entrepreneurship, collectibles, investing, and other forms of risk-taking
How gambling education could benefit from the same practical approach used for alcohol and financial literacy
The opportunities and challenges facing startups building products around prediction markets and sports gaming
Lessons learned from building, investing in, and advising companies across the betting ecosystem
A lighthearted discussion on sports fandom, heartbreak, and why Vikings and Mets fans share a special bond
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