LeBron's Heat Leak • Prediction Market Truths • Blame Texas? | Circle Back | Presented by ProphetX

This week on Circle Back, the crew dives into the Miami Heat's YouTube slip-up, a scheduled livestream titled "LeBron James Introductory Press Conference" for July 27th that got posted, then quickly deleted. The team says it was a mistake made while preparing for a possible signing, but that hasn't stopped the theories. Was this a genuine accident, or a deliberate leak designed to move the needle on prediction markets before anything is even official? From there, the conversation shifts to prediction markets more broadly, after a platform CEO publicly admitted a majority of users lose money. Is that refreshing honesty, or a red flag? We compare it to loss rates at traditional sportsbooks, casinos, and horse tracks to find out if the number is really as bad as it sounds. Then we dig into a new report showing nearly half of all sports event contract volume in the country comes from just two states without legal sports betting, California and Texas, and debate whether that's really a "gold rush" or something else entirely. Hosted live by Jacob Gramegna, joined by Isaac Rose-Berman, Joey Knish, and Mike. 🟢 Sponsored by ProphetX, America's #1 Sports Prediction Market. Sign up with promo code CIRCLESOFF — Trade $10, get $20: https://www.prophetx.co/ 📅 New episodes of Circle Back LIVE every Monday at 1 pm ET and Thursday at 4 pm ET. Plus, watch for additional content every Wednesday, ranging from interviews with industry experts to instructional videos! 🔵 Scale with Betstamp PRO → https://bit.ly/3QIPbFW LINKS 🎮 Join The Hammer's Discord: https://discord.gg/hammer ✉️ Sign up for our newsletter: https://kirknewsletter.thehammer.bet/ 🔨 The Hammer Betting Network: https://thehammer.bet/ SOCIALS 🔵 Circles Off on Twitter - https://x.com/CirclesOffHQ ⬛️ Circles Off on TikTok - https://www.tiktok.com/@circlesoffhq 🟪 Circles Off on Insta - https://www.instagram.com/circlesoffhq/ FOLLOW 🔵 Follow Jacob - https://x.com/jacob_gramegna 🔵 Follow Mike - https://x.com/Peanut_Bettor 🔵 Follow Knish - https://x.com/JoeyKnish22 🔵 Follow Isaac - https://x.com/roundrobin42 OUR OTHER CHANNELS 🔨 https://www.youtube.com/@TheHammerHQ 🏈 https://www.youtube.com/@FwdProgressHQ 📚 https://www.youtube.com/@HitTheBooksHQ SHOW INDEX 0:00 - Circle Back w/ Jacob Gramegna, Isaac Rose-Berman, Mike & Joey Knish 1:26 - LeBron Free Agency Saga 16:58 - Only 70% lose here? 27:50 - Pushing an agenda? 44:37 - ESPN layoffs 53:27 - Reading your comments 58:26 - Valid move for the golf course? 1:05:29 - Back to reality post World Cup Disclaimer: The content presented in this show is intended for entertainment purposes only. All opinions expressed are those of the hosts and do not necessarily reflect the views or opinions of any individuals or organizations mentioned. Statements made about public figures or entities are based on publicly available information and are not intended to harm or defame any person or business. This show relies on the fair use of social media posts, which are presented in good faith for the purpose of commentary and criticism. Viewers are advised to form their own opinions. Circles Off podcast is an entertainment podcast. The opinions expressed in the podcast are for the purpose of discussion in the area of sports betting, online gaming and other like markets. Circles Off podcast does not condone unlawful or illegal activity, and if you are unsure of the laws in your jurisdiction surrounding these markets, please seek the appropriate legal advice about strategies that you intend to implement. Please gamble responsibly. #CircleBack #CirclesOff #TheHammer #LeBronJames #NBAFreeAgency #NBA #PredictionMarkets #SportsBetting #ProphetX #California #Texas #NBASchedule Learn more about your ad choices. Visit megaphone.fm/adchoices