JEFF CAPLAN'S MINUTE OF NEWS

Jeff Caplan’s Minute of News: The newest game of chance

May 17, 2024, 7:00 AM

Get a load of the newest form of gambling....

Get a load of the newest form of gambling. (Canva)

(Canva)

Editor’s note: This is an editorial piece. An editorial, like a news article, is based on fact but also shares opinions. The opinions expressed here are solely those of the author and are not associated with our newsroom.

SALT LAKE CITY — If you watch sports on TV you can’t help but notice gambling is on the rise.  Not here in Utah, but across the country more and more states are permitting sports betting. But that’s only the beginning.

Overseas gambling websites have transcended sports and now allow people to bet on almost anything. Oddsmakers are setting odds on the Presidential election, Trump’s VP choice, you can bet whether he’ll go to jail by election day.  On this site I’m scrolling: put up your hard earned money if you think you know how many tweets Elon Musk will post this month. You can even bet on which cat on Instagram will be the first to be worth a billion dollars.

It’s insane… and you can’t place a bet.  First, because this kind of gambling is still illegal in the US, and all gambling is against the law in Utah. But these gambling companies are trying to wedge their way into the U.S. Not as gambling sites. Because no no, that’s illegal. Oneway to get around the rules is to call your betting site a “predictive market.” Declare that it’s not a game of chance when people are making educated guesses about the future. So far the federal government has yet to bite on the idea. But the lobbying continues. These sites keep trying.

Last week, the gambling industry was rejected when it applied to have predictions traded on the futures markets like corn, oil, or soybeans, if you could imagine traders in the pit in Chicago screaming “selling two Trump! Got Trump… Two Trump! Biden… buy three Biden!”

This is the future. In nearby Canada, these sites are even taking bets on the weather. I asked Kevin Eubank: maybe we should go on a field trip to Vancouver and lay some money down on sunshine. Come on baby sunshine.

We’ll get rich, retire.  

But no, Eubank rained on my parade. He’d rather be on television.

Jeff Caplan is the host of Jeff Caplan’s Afternoon News on KSL NewsRadio. Follow him on Facebook and X. 

Other Minutes of News:

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Jeff Caplan's Minute of News

It’s the first annual Miss AI Pageant. Each of the contestants is so beautiful they could stop tr...

Jeff Caplan

Jeff Caplan’s Minute of News: The Miss AI Pageant

The women are artificial. The prize money is real.

6 hours ago

Like their namesakes in the desert west, the ice cowboys of Canada are in the midst of the annual r...

Jeff Caplan

Jeff Caplan’s Minute of News: Hot enough for ya, cowboy?

In the brittle cold Maritime provinces, the perpetual clouds are parting for a month or two, and the ice cowboys are going to work.

16 hours ago

The Delta Center in Salt Lake City, Utah, which is at the center of the plans to revitalize downtow...

Jeff Caplan

Jeff’s Minute of News: Is the downtown redevelopment worth a billion dollars?

Is the downtown redevelopment worth a billion? The answer depends on who pays for it.

1 day ago

The members of Led Zeppelin pose in front of their private jet, a classic dad rock band...

Jeff Caplan

Jeff Caplan’s Minute of News: Utah’s favorite “Dad Rock” band

Dad, hike up your relaxed-fit jeans and tell a couple of great dad jokes. This is your favorite "Dad Rock" band.

2 days ago

Tom Jones is kicking off his world tour Tuesday, June 11....

Jeff Caplan

Jeff Caplan’s Minute of News: The many lives of Tom Jones

Tom Jones got his big break on the Ed Sullivan show. He's now embarking on a world tour, at 84 years old.

4 days ago

A view of the street where the smallest National Park is located....

Jeff Caplan

Jeff Caplan’s Minute of News: The smallest National Park

Jeff's going to America's smallest National Park. How small is it? Tiny. But its story goes back to the American Revolution.

4 days ago

Sponsored Articles

Underwater shot of the fisherman holding the fish...

Bear Lake Convention and Visitors Bureau

Your Bear Lake fishing guide

Bear Lake offers year-round fishing opportunities. By preparing ahead of time, you might go home with a big catch!

A group of people cut a purple ribbon...

Comcast

Comcast announces major fiber network expansion in Utah

Comcast's commitment to delivering extensive coverage signifies a monumental leap toward a digitally empowered future for Utahns.

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

Jeff Caplan’s Minute of News: The newest game of chance