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A Nobel economics laureate talks sports betting, prediction markets, and ‘repugnant transactions’

Tuesday, June 30, 2026 9:06 PM
Photo: By Bengt Nyman - Flickr: IMG_4693, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=23081882
  • Geoff Zochodne, Covers

It’s not often, or ever, you see a Nobel Laureate writing about his ties to match-fixing.

That is until you see Nobel Prize-winning economist Alvin E. Roth writing in his new book that he feels “a certain connection” to point-shaving. It’s just for reasons that have less to do with economics or match-manipulation and more because of a shared name.

Another Alvin Roth, nicknamed “Fats,” was was banned from the NBA because of a college basketball point-shaving scandal that came to light in the early 1950s.

“He (Fats) was also sentenced to jail, but a judge permitted him to join the army instead,” Roth writes in his recently released book Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work.