Curbing America's Gambling Problem
Calling out prediction markets for what they are: rigged extraction machines.
Welcome to the podcast Organized Money. You can listen to today’s episode on Apple on Spotify, or wherever you get your podcasts.
Today on Organized Money, a dispatch from Minnesota, one of the most exciting states in terms of regulating corporate power.
Recently Minnesota passed a bipartisan bill banning prediction markets in the state, within a day they were being sued to block the legislation. On the show today we have Minnesota State Representative Emma Greenman, who introduced the house bill, to discuss it, her work, and what state bodies can do in the face of a negligent federal government.
They also discuss her work on money in politics, junk fees, and the effect the ICE raids of last winter had on business in Minneapolis, and why small businesses are essential to the spirit of a city in the grip of illegal police action.
Listen via Apple or Spotify, or wherever you get your podcasts.
We also provide transcripts and video for every episode. Here is last week’s episode.
Thank you so much for listening. If there’s a monopoly you’d like us to explore this year, or if you have anything else to tell us, please let us know by leaving a comment or by responding directly to this email.
God bless Emma Greenman. Can't say enough about the corporate charter issue. I remember hearing about corporate charters years ago, but in today's political world they seemed completely irrelevant. As I understand it, states issued mandatory charters in order to create and operate a corporation in the state. If it was the case a corporation did not comply to the charter, the charter was pulled and the corporation no longer existed in that particular state. Haven't heard, until today, anything about rejuvenating the concept. Its about time.
Great news. And another very informative episode.
How about adding in something like this to corporate charters? ...
Require companies to declare their competitors on their corporate charters.
When a company wants to buy or merge with another company, their competitors get to vote on whether they can.
If a company can't list more than 10 competitors, its shareholders (not the federal or state government) should be required to break it up into multiple companies.
If a company isn't able to break itself up in a certain time frame, then the government steps in and does it.