John talks about “Dating or Defrauding” & Super Bowl Crypto in John’s Take
John's Take Script
This is John Lothian for The Spread for February 11.
Super Bowl LVI, or 56 for those of you who don’t speak Latin, is this Sunday in a NFL Championship game between the Los Angeles Rams and the Cincinnati Bengals. The Rams and the Bengals will battle to see which one is really going to be top of the animal kingdom. We all know it isn’t the Lions or the Bears, that is for sure.
This Super Bowl also is being promoted as the first one to allow legal online betting. Mobile sports betting is allowed in 21 states and Washington, D.C. Betting site (6) DraftKings paid $6.5 million for a commercial during the Super Bowl and the owners of the Dallas Cowboys and the New England Patriots, Jerry Jones and Robert Kraft, are both invested in the site.
During breaks in action during the big game, the very popular television commercials for online betting sites will feature celebrities such as Ben Afflect and Jamie Foxx promoting online betting.
Given the way some of the recent playoff games have gone, there will be lots of opportunities for betting during the game. Yes, you can bet during the game. If you have not done so, you should bone up on the concept of binary option trading. These online platforms are nothing more than a series of binary options on all kinds of underlying risks and situations.
You can bet on the point spread of the game, on data produced on who the fastest player is, or on which color of gatorade will be dumped on the head of the winning team’s coach.
Some of the betting sites, or apps, or companies, whatever you want to call them, provide benefits for signing up with them. These include matching your opening deposit up to a certain amount or giving you incredible odds on your first bets. The apps don’t give you free drinks like the tables in Vegas do, though.
There is no national regulator for gambling; it’s all regulated at the state level. My money is not on the regulators on that one.
The other big theme for the 2022 Super Bowl is crypto. Crypto.com and FTX.US have bought advertising during the game, The Wall Street Journal reported. In fact, Crypto.com has spent millions on an ad featuring Matt Damon, which we’ve all seen too many times already..
FTX is going to give away an amount of Bitcoin equal to the time in the game its ad runs. If the ad runs at the 2:00 minute warning, FTX gives away 2 bitcoins. If the ad runs with 8:48 left in the quarter, it will give away 8.48 bitcoins. I think FTX wins this one.
This is the ultimate swag giveaway at the ultimate event.
Lastly, don’t date and trade. That was the message from the CFTC and four other U.S. agencies this week that warned about the dangers of mixing online dating with social media platforms. Recent scams lure victims into sending their money to fraudulent websites that claim to trade foreign currency exchange contracts, precious metals, or digital assets. The scams are on the rise.
Here is my advice. Maybe try a nice investment in a $2 square for the big game like millions of other people and just get some more avocado dip in the kitchen during the commercials.