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Black is Black

Richard Schuetz April 13, 2021 “The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.” —Milton Friedman, Nobel laureate, University of Chicago

One of the more brilliant things the sports betting industry did back in the day was to create the black market for sports betting by supporting a law to basically eliminate most legal sports betting.

By creating the black market with a bad law, it could later be argued that the bad law then needed to be overturned in order to stop the black market.

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