From FTX to Free Throws: The House Still Owns the Court
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Now that the NBA gambling scandal has come to light, I’m thinking less about the bets and more about the setup. The rim’s still ten feet high — even when players like Victor Wembanyama could use it as a footstool. It’s not about cheating; it’s about advantage.
Same thing in crypto. The giants — the exchanges, the funds, the insiders — are playing above the rim. The rest of us are trying to touch net while pretending it’s a fair game.
This week on The Chip Mahoney Show, I’m connecting the dots between the NBA’s gambling mess, FTX’s arena deal, and the way markets keep pretending the floor and ceiling are the same height. Because the truth is simple: the rim never moved — the players just got taller.
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