Mike Clemens on Brewers Opening Day & the 2026 Season (Hour 2)

From Washington to Hollywood and right back to Wisconsin, it's Night Light with Pete Schwabba and Greg Bach.

Connecting the dots on the stories shaping our world with smart takes, sharp humor, and plenty of personality.

You know, I really expected more professional behavior from you.

It's news and culture without the noise.

Yeah, I'm on!

Here's Pete Schwabba.

Dude.

And Greg Bach.

Dude!

Welcome to Night Light, ladies and gentlemen.

Hey, happy Thursday, everybody.

Thanks for joining us here as we broadcast live, not quite statewide, but from various parts of the state.

I myself am in northeast Wisconsin and looking across the state at my pal Greg Bach, who is in Radio Park.

See how I got that right, Greg?

I get it right when I say where you are located, but you seem to have trouble.

with my little moniker that I've given

you.

You're in Marinette, Wisconsin.

Well, that's right.

Well, you're in, you're in Holiday, Jingle Bell, Land, Midwest, USA.

Sure, that works.

Also, the thing too is, is that you're, it's not a cross, well, it's across the state in a sense, but you actually are looking down upon me because you're in Northeast Wisconsin.

That's

true.

And I'm in Southeast Wisconsin.

And in

So I don't know how you would describe Madison.

It's like Southeast Central.

It's like kind

of

like central issues.

It's got SS's of all of them.

A multitude of Genesequa, if you will.

In other words, it's Dom Lee in Madison on the ones and twos here tonight.

That's right.

How are you doing today, Pete?

I'm well, and it's funny what you just said.

I'm looking down at you because I'm in Northeast Wisconsin looking down the state at Greg.

It reminds

me

of when I watched the Blues Brothers decades ago and the chase that starts at Pier 1 Imports in Milwaukee.

They start in Chicago.

They end up at Pier 1 Imports on the north side of Milwaukee.

They go off 794, I believe, when that was being constructed.

My

goodness.

And the car fell south in downtown Chicago.

That's kind of the same thing we're dealing with here.

It's kind of like people forget a lot of times that the Blues Brothers is kind of a Wisconsin movie.

Like there's elements and yeah touches of Wisconsin within it.

We don't talk about that enough.

It's never celebrated as not a Wisconsin movie, but you know, we're part of it if you will.

So, but oh, absolutely.

Well, I'm glad you're having a good day.

Folks, this is a reason to watch the live stream, by the way.

First of all, you can always get in touch with us, 855-752-4842-855-757.

Leave a comment on the live stream or a streaming on Facebook, YouTube, or the platform we call Twitter.

This is one of those moments I'm looking at.

Pete's room right now, his studio, whatever, however you want to call it.

It's just a nice looking area.

It looks like a good place to sit and have a chat, enjoy a discussion about the news, about entertainment.

maybe have a show like ours like nightlight.

I mean, it's just perfect.

It's absolutely perfect.

Well, and it's, it's, uh, and I want to give you a shout out, my friend, because your team, you're probably, uh, representing your, uh, Milwaukee Brewers tonight with a really

cool

looking jersey.

And they had a big win on opening day.

Dom, I'm sorry.

It didn't work out as well for, for you guys, uh, your South side team from Chicago, but the Brewers, uh, came out with bats a swinging today.

I don't want

to

talk about it.

I don't want to talk about it.

It's okay.

Well, I want to talk about it.

So the thing that I really love is

today.

I said this before we went on the air was that I was very upset with Dominic in the very beginning of this game because yesterday, I believe it was, you sort of like shrugged your shoulders and you said, it's the white socks.

You have nothing to worry about.

Nice.

Excuse me.

We got swept by the athletics last season.

So there is nothing.

that's for sure.

But we did come out with bats a blazing and we did the brewers did win 14 to two today, which is a great start to the season.

That doesn't mean anything other than the fact that we've won one game and the Colorado Rockies are officially eliminated from all playoff contentions for this season.

So sorry, Colorado Rocky fans, you knew this was coming.

It's not my problem.

It's your problem to fix your your state and your team.

So

Other than that, other than the baseball, which we'll talk more about with our second hour guests.

Pete, talk about what's going to be on the show tonight.

Do we have an amazing show?

I was hoping you'd ask.

I have to pull up.

This first guest we have in the first hour, Cindy Scappini.

She is a professor of business law at the University of Michigan Ross School of Business.

She's got, she's one of those guests we have periodically with all these titles, Greg, but I love that they can explain things to us.

Like she's going to explain with prediction markets when she comes by at 535.

You can bet on basically anything folks, wars, rotten tomato scores, all kinds of stuff.

Cindy is going to break that down for us and tell us why that can be dangerous and you know, stop gaps they're making.

And then as Greg mentioned in hour number two, we've got Civic Media Sports Authority.

Mike Clemens will be here to break down the Brewers' win tonight.

I might ask him about the Badgers and what happened last weekend.

But we've got great guests and we've got a lot of...

of other stuff going on.

I think we should get to our question of the night sooner rather than later just so we can get to our contest and our newsworthy things.

What do you guys say?

I think that's a great idea.

Fantastic, let's do

it.

Let's talk about the question.

Okay,

question.

Question.

Question.

Pregunta.

Question.

Pregunta.

Question.

Okay, I have a question.

Questions.

This question.

Domanda.

Question.

Question.

Questions.

Who is the best music duo of all time?

compliments of our music aficionado, Mr. Greg Bach.

Greg mentioned that.

Well, you said music duo or something, and I thought, oh,

that make a

great question.

So that is tonight's question.

Who is the best music duo of all time?

You can let us know.

And we hope you do at 855-752-4842, 855-75 Civic.

You can also text us, or you can drop us a stream comment if you're watching the radio on YouTube, Facebook, or ex Twitter.

And if you are listening on the app, you're going to need that anyway for what Greg's about to tell you.

But you can drop us a comment on the app.

Let us know who your favorite music duo of all time is.

That's a fun one.

Yes, folks, you must have your civic media app for this next portion of the conversation because I'm about to give you the keyword for our break into spring text to win multi-state contest.

So here's how it's going to work is you're going to open up that app.

Go to your favorite radio station if you haven't already favored it, WAUK.

And you're going to text in the keyword for your chance to win $200 plus be put into a grand prize drawing for a brand new mattress set from Verlo.

So you must have the app in order to participate.

You must have the app to text in.

You can't text it in via your regular phone, can't do it on the live stream.

And I've had people try to email or call it in.

So none of those ways, you must have the Civic Media app if you don't have it.

download it right now because it's absolutely free and beyond just the text to win contest.

Oh my goodness gracious.

You can get news, you can get all sorts of great things.

You can listen to programs, whether it's music or talk, but get that app right now.

If you haven't, you have the entire hour to participate.

But for right now, let's get you that keyword for our break in the spring text to win multi-state contest.

And that keyword is timpani's please, timpani's timpani's timpani's.

The word is bike B I K E. The word is bike as an I shall ride my bike because it's so nice outside.

That is the keyword you must text in via the Civic Media app for your chance to win $200.

You'll get another opportunity in the seven o'clock hour and then seven more opportunities tomorrow and tomorrow is actually the last day.

So make sure you get that app.

Text in the word bike B I K E and good luck to you.

We'll talk more about it throughout the hour.

But yep, the word is bike.

Here we go.

You can't win if you don't play.

That's

a great keyword.

You first said the word.

You can't win if you work here too.

True, that's true too.

When you said timpani, I thought you were going that route with the keyword.

I was like, whoa, that's a complicated keyword.

But bike is a good one.

B-I-C.

B-I-K-E.

It doesn't get any easier than that.

And it's funny because we had to start spelling it because we were getting a lot of misspellings and we would call, we wouldn't call out, like make fun of them.

We would just simply say like, so and so you spelled it wrong.

Go back and try again, please.

We want you to enter.

We want you to win.

But yeah, it's a lot of creative spelling on very what seems to be simple words, but.

I see them coming in right now, Michael and Tosa, Nan and Brookfield, Tom and Hartford, Brian and Southern Wisconsin.

They're all, uh, they're all becoming a part of it.

And I'm loving it.

Loving it.

It's fun.

And we, and they get that extra chance to win too, which is nice.

Uh,

correct.

Yeah.

That's right.

Folks, if you get a text message back from us saying, Hey, here's an opportunity for an extra entry, go ahead and click through that link.

That's totally safe.

That is a civic media.

You have in the entire two week contest, you have one opportunity to get one extra entry.

So go ahead and take that opportunity, whether it's subscribing to a newsletter, following us on social media, something like that.

But you go ahead and do that.

And that's just one more opportunity to win that $200 and a mattress set from Verlo.

So again, good luck.

The word is bike B I K E Jim from Berkfield.

You are a smart Alec.

And I like your style, sir.

It's like sending the word bicycle.

Oh, that's

not going to do it.

I think Jim knows that he's

a smart Alec.

As you said, he's a smart

Alec.

That's a very, that's a very parental thing to say, Greg.

He's smart Alec.

You also refer to Dom as Dominic, like he

was in

trouble before.

I like that.

Dominic was being a smart Alec regarding his baseball team.

The full government name.

Oh, knock it off, Dom.

Oh my goodness.

All right.

We've

got some new story.

We got, there you go, Greg.

Two great guests, a fun question.

And now we get to some new stories.

We got to bang out here before we get to our next portion of the show.

The first big story.

Pete, what is going on right now with Iran and the president?

Seriously.

That's a great question.

I don't even know if he can answer that question, but go on.

But I saw the headline and it's like, he gives them an ultimatum.

It's like,

that's all

he's been doing.

ABC News reported that at a cabinet meeting, he said, Trump said that Iran is begging for a deal.

when everybody else is saying they just shot down what the president offered, and he's begging NATO to get involved, the group he wants America to leave, it's insanity.

He's really backed himself into a corner here with Iran, and as long as they can keep this sustained whatever it is they're dealing with there, I have no idea, I'm glad I don't know, but bombs and all this kind of stuff, if they can withstand that, I don't see what

the exit strategy is, do you?

Oh, I don't see an exit strategy.

Well, I mean, I see an exit strategy in as much as they just have to leave because they have no choice.

I mean, we're either going to just have to go in fully and invade the place and do what they possibly did in Iraq or Afghanistan.

But I mean, the thing is, is like, like they don't want to meet with Jared Kushner.

They want to meet with JD Vance.

The president says you have a deadline here.

The things he says, I'm going to extend the deadline.

He says we're in a war.

He says we're not in a war.

He says we've won.

He says we're close to winning.

That's, that ultimately is the biggest problem, Pete, for me is the fact that like, at least, okay, say what you will about the Iraq war.

It wasn't good.

I didn't support it.

Didn't like it.

But at least it felt like there was a mission that was at least sold to the American public.

9-11, Afghanistan, weapons of mass destruction, Saddam Hussein, irate Iraq, at least on paper, you're like, I understand this.

Even if I don't agree with it, I

get what they're trying to do.

This is like they're spinning just a wheel in the, in the oval office every day saying, what do we say now?

15 point plan.

All right.

We'll say there's a 15 point plan and Iran wants it.

And that's what they're, you know, and we'll just shove it down their throats.

Meanwhile, Iran is saying, yeah, no, no, thank you.

It's really strange.

And you referenced, you know, you say what you want about the Iraq war.

I wasn't in favor of that either.

But at least that went through Congress.

This is like,

You

know,

you're right.

This is just a willy nilly kind of, and you can't, you know, for a guy who considers himself a negotiating genius and wrote

the

art of the deal, I think that's what his book was called.

And he's saying, okay, here's our, here's our proposal.

And they're saying no.

And he's saying, all right, I'll extend it.

What are you extending?

They don't want it.

This is just like the terrace.

He says, you're going to get 45% terrace.

And they say, oh, yeah.

And he's like, all right, 20%, or nothing, or more, or it really just depends on how he's feeling.

I mean, it really is true.

Everything he talks about, I believe, is who was in his ear last.

So, there is an idea out there that I could be in the Oval Office right now and be like, hey, you should pull out of Iran right now.

It's not very popular.

And let's just, let's get out of there.

And he might say, hey, we might pull out of there and just be done with it.

Cause people aren't like, you know what I mean?

Like, it really depends on who is surrounding him and who is getting in his ear and what they are showing him.

I mean, they show him a sizzle reel.

And for those who don't know, a sizzle reel is basically a best of package clip of videos or news.

They're showing him that to say, this is what's going on and it all looks great.

He thinks it's all sunny over there for them.

So yeah, it's ridiculous.

It's absolutely ridiculous.

All right, we will be back with more ridiculous stuff and a

lot of

fun stuff too.

Folks, it's

a great

night here at Nightlight.

It is Thursday night in the beautiful state of Wisconsin.

We are coming right back to talk about two more news stories and then talk some online betting and prediction markets, all kinds of fun stuff.

Mike Clemens in hour two.

It's going to be great.

Glad you're here.

This is Nightlight with Pete Schwabba and Greg Bach on the Civic Media Network.

Welcome back.

This is Nightlight with Pete Schwabba and Greg Bach was just looking up a pool man And I did not is it called the pool man or pool man the pool man.

I think it doesn't mean just Chris pine the pool man Okay, this

is the

kind of information folks you get on this super secret happy fun show if you watch on the stream We

were just talking a

lot of movie and now it's translated into the actual show

But we are in the middle of our three big news stories of the day.

So without further ado, why don't we get to number two now?

What do you make of this, Greg?

Oh my God, Florida.

What is with that state?

It's like one of our only warm states where it's really warm, tropical even.

And I just don't even want to set foot there sometimes.

No, I agree.

There's only a few reasons why I would ever go to Florida.

I would go back for Disney.

I love Epcot.

I'm not going to lie.

Cocoa Beach is beautiful.

But, uh, so the attorney general of Florida has made a decree that the NFL must get rid of what's called the Rooney rule.

And the Rooney rule is, uh, which was instituted in 2003, requires each team to quote, do an interview of at least one or more diverse candidates before making a new hire.

Unquote, uh, the, the policy is, it seems like the policy is only applied to head coaching jobs.

And though, I guess it says here, the NFL teams have also used it for other jobs as well.

Since 2009, both general manager and primary football executive jobs require NFL's teams to interview two minority candidates per the NFL's website.

And this just, just burns the grits of Mr. of Mr. J. Utmire.

Wait, was this his first name?

I don't know his first name.

Idiot, Ottmeyer.

James, it is James.

All right, I'm good.

I'm good.

James Ottmeyer, the Florida attorney general says they must do away with this because, you know, folks, white people, we've had so bad for so long.

They're victims,

Greg.

And

you know, this is so weird.

Here's why I find this really egregious because the rule does not say you have to hire a minority coaching candidate.

It just means you have to interview them.

People are pushing back against that, and it also helps women too.

This is insanity, and this rule actually got Mike Tomlin, I believe, his head coaching job, and he won a Super Bowl.

He went in as the minority token interview, whatever you want to call it.

He got the job, and he's never had a losing season.

In the rule, it's necessary.

I think like there are plenty of unqualified whitehead coaches that get hired.

And why can't you open the door and at least interview more people?

That makes no sense.

The highest number of black coaches, and I got this information from our pal, Stephen A. Smith, who I have trouble listening to, but I'm totally with him on this.

He said the highest number of black coaches has been six out of 32 in a league where there are almost 70% of its players are black.

So come on.

And in the entirety of the NFL, like the entire history, like we're talking about all the decades it's been around.

Uh, yeah, this is just Florida anti DEI because they just don't, you know, they don't want to just say we're racist outright.

And I'm sure the people in the, in the live stream in the comments where I'm like, no, it's, it is, it is, it's, it's, it's just, it's in your, and you're couching it in the idea of like, this is to be merit based.

Well, they're not just going to be like, Hey, random person who fits into the minority status, do you want to come in and, and, and interview for a head coaching job?

No, they're going to have merit.

or they wouldn't be there in the first place.

So again, and this is a threat.

He says, if they do not do away with this at their yearly meeting, which takes place, I actually think it takes place right now, or no, it takes place next week.

It takes place next week for a few days.

They're going to talk about possible rule changes.

They're going to vote on the Super Bowl.

But if they don't come out and say that the Rooney rule is going away, that horrible racist Rooney rule that there could possibly be

filing charges.

Uh, let's say it says, uh, the Rooney rule violates Florida law.

It must stop because Florida, as you know, is, uh, anti DEI.

It's no DEI there.

There's no.

Yeah.

Nope.

They

are.

And the reason this came up was because minority candidates were being shut out.

Yeah.

And I would love to know the, the number of like Tony Dungey's wanted Superbowl, Mike Tomlin, Lovey Smith's been to a Superbowl.

This rule exists for a very good reason.

And I want to say, I think the NFL has pushed back against the right to a degree, Colin Kaepernick aside.

Since then, they seem to stand up to the right more than a lot of corporations do.

So

good for them on

that.

And

yeah, we'll see what happens.

But I think it's just an interview.

It's such a stupid thing to be upset about.

They're not saying you have to hire a minority coach.

They're just saying, let someone in the door give him a shot.

It's just snowflake low races who just want their way and want their, you know, like, no, white people are put upon against.

No, we're not.

We're fine.

We're doing great.

We're doing great.

We're doing absolutely great.

I think when it comes to presidents for

like 50 to one or something like that.

Yeah.

Uh, NFL still hasn't called me.

So I guess I'm, I guess I got to go complain about something.

So while I'm doing that, let's get to the third big story real quick.

Oh, so go on.

No, please.

I insist.

Vince Vaughn, the actor, remember him from movies like Wedding Crashers and that other movie that your dad loves.

He says that he's calling out late night shows.

He says they feel the same.

They slams Colbert and Kimmel for scolding.

It's stopped being funny.

He doesn't like the fact that it's part of an agenda based style that basically, you know, throw it, put somebody, he said, he said, quote on a Theo Vaughn's terrible podcast.

It stopped being funny and it started feeling like I was in an effing class.

I didn't want to take, well then.

Turn off the show.

Don't listen.

Walk away.

You're Vince Vaughn.

You have way more things to do with

your life.

You've got Newsmax you've got Fox you've got like like I understand that I'm with you Turn the TV off and frankly nobody watches those shows that's in the business So I think he probably unless his friend was on and not only that this is kind of gutless This is Vince Vaughn reading the room and going while everyone else is ripped on late-night talk shows for

the

last year year and a half I'm gonna jump in now because it's safe.

That's lame and and Joe Rogan too another one Greg, you know trying to read the room

Grifting now ripping on Erica Kirk and it just I don't get these guys there.

You know, he's a grifter I think Vince Vaughn I just think is late to the party.

Okay.

Yeah, it's yeah, exactly It's just he's using talking points like the reason why the ratings are so shut up Is it because they haven't invited you on their show lately?

I mean, yeah, yeah Colbert wants to be on.

No, thank you I don't like his ratings or his politics You're gonna go on to talk about your TV show.

He's

made

two good movies swingers in old school

Oh, it is.

I saw that.

Hey, Cindy Scapani, professor of business law at the University of Michigan is up next after the news.

Don't go anywhere, folks.

This is Nightlight with Pete Schwabba and Greg Bach on the Civic Media Network.

The word is bike.

Welcome back to Nightlight with Pete Schwabba and Greg Bach.

My name is Greg Bach coming to you live from Radio Park in Racine and coming all the way all the way up in northeastern Wisconsin in Christmastown, USA.

Did I get that right this time?

Nope.

Okay.

Marinette, Wisconsin.

It's Mr. Pete Schwabba down in actually should say over in Madison in what

Brett from Brown deer calls the Yadir.

Hey, a triangle in Madison is Mr. Domely on the ones and twos.

And we are here with you tonight.

Very excited to talk to you.

Don't forget in the second hour, we'll be talking to Civic Media Sports Authority.

Mr. Mike Clemens, we'll be talking probably about all things baseball and maybe some, we'll talk some badgers as well.

I know it's going to be a stingy topic, but we got, we got to get it out there.

We got to like talk

about these

things and open up our hearts and understand it's a game.

There's always next year, but I can't hide from it.

And then we'll be wrapping the show up as we do with the nightcap So don't go anywhere remember our question of the night is who is the greatest music duo of all times you can call or you can text that in 8 5 5 7 5 2 4 8 4 2 8 5 5 7 5 civically a comment on the live stream We're currently streaming on Facebook YouTube and the platform.

We still call Twitter The word of the hour is bike for the text to win contest the break in the spring text to win multi-state contest You still have a little while about 20

five minutes left to text that word in via the Civic Media app for your chance to win $200 and get put into a grand prize drawing for a Verlo mattress set.

We've been seeing some text coming through.

I don't know.

The app might be down, folks.

I'm not positive.

We're trying to still get a handle on that one.

But if you can text through, go ahead and do that.

Good luck to you.

The word is...

We're going to be talking about a bike.

But right now, let's get to our first guest for the evening.

She is the Merwin H. Waterman Collegiate Professor of Business Administration and Professor of Business Law at the University of Michigan Raw School of Business.

Please welcome to the show, Cindy Scapani.

Good evening, Cindy.

How are you today?

Great.

Thank you.

It's great to be here.

Thank you so much.

Now we have you on the show to talk about, I mean, online bedding.

And I know a lot of people in their heads, they say, oh, online bedding, they think.

DraftKings, dual, whatever, the ESPN betting app.

And I feel like when we think of online betting, we have a certain idea in our head, and that's mainly sports.

And with the past few years, it's expanded to like the presidential election or maybe even the Oscars.

But it's way deeper than that.

It goes way deeper and far reaching as far as what people are betting on.

Can you talk more about that?

Give us an idea of what people are actually betting their money on nowadays.

Well, the platforms that run

these these so-called bets, they don't like to call them bets.

They like to call them investments in a contract.

So they'll set up a statement and it's a binary decision.

It's a yes or no.

So do you believe Jesus Christ is coming again this year?

So yes or no when you put your money down on it.

They're saying that's an investment contract and

you'll make money if you're right and you'll lose your investment entirely if you're wrong.

So they don't like the term bedding, but it's really hard to see a difference from a bed.

But it's on just about anything that they'll put on.

So you've probably seen the things about whether Jeff Bezos was going to attend the Super Bowl and the second coming of Jesus.

all different kinds of things that again, it's a yes or no, and you put your money down wherever you think it's going to go.

They're relatively new, but they're expanding to everything.

You're calling it a predictions market, I think is one of the phrases that that I've seen for it.

And it's really a digital platform for laying your money down.

I saw that prediction market is does anybody to the best of your knowledge bet

that Jesus is coming back.

That seems like it's been 2,000-some-odd years.

That seems like a safe bet to go against if you have enough money to put down.

And how do you prove that?

Somebody could probably say, well, I saw him at Target or something.

Yeah, you got me on that.

I do believe, though, there are bets on that going both ways.

And you'll win more money if the odds are against you and it happens, kind of just like you would in any other betting scenario.

Right.

I don't know how they'll prove that one.

And a really sad, terrifying thing is that I read about threats to a journalist because they reported on an issue that high rollers didn't want it reported that way as to whether a missile landed in Israel, I believe, or whether it was just debris from it being attacked in the sky.

And there were threats on this journalist.

So it gets really scary when there's a lot of money backing certain positions and how they're going to prove it.

If you're part of the proof and the big rollers don't like it, that's starting to get extremely worrisome.

When we're talking about this, you know,

contracts, securities, like however you want to, I see it as betting.

Like to me, if you're betting, whether you're betting on the Super Bowl or you're betting on the second coming of Christ, you're betting.

You're putting money down, you're saying, but there are two main groups in this, and it's Polymarket and Kelsey, if I'm not mistaken, Kelsey is the one.

And in the articles I've read, it seems like Kelsey wants to be a little bit more...

self-governing.

They want to take care of problems.

They see it.

Whereas Polymark is thumbing their nose to everyone saying, we don't care.

Can you talk more about that itself?

But also I feel like I don't, I don't personally believe that either one of them, like I don't think that Kelsey is going to self-govern.

I think they need to have like more than that, like their attempt to do it themselves.

It just seems, I don't know, I don't trust it personally, but can

you talk more

about the difference between the two?

Yeah, so I think with Kashi trying to self-govern they're trying to show that they are They are caring about what happens in their space.

I think they also want to If they put in the rules, then they're hoping perhaps and I shouldn't put words in their mouth But I suspect they want those to be the rules and not have government or have other type of regulation in place So they'd like to write the rules of the game and I think they're trying to

to be respectful about it, to see what those rules might be, to avoid regulation.

Where, you know, the poly market, I think is kind of, should I say, all bets are off.

All

contracts are off.

You got it.

They're letting it go at the moment.

So we'll see.

This whole thing reminds me a little bit of when Uber and Lyft came to town and there were

different states had different approaches as to whether they might arrest a Lyft driver versus whether to allow these platforms.

And I do remember.

an executive vice president for Lyft, he was in the air more than he was ever on land, but traveling state to state to try to negotiate what the best terms were for the platform in that jurisdiction to find out what the, in that case, it would have been mostly like the city councils, I believe, what they cared about and whether they could provide it and help again, draft the rules and regulations to it.

And the question there was also, is this a taxi?

Are they independent contractors?

Are they employees?

Or is this just a platform of putting people together?

So this reminds me of that, although the stakes seem much higher and a lot more money involved and they can be scary.

I think they all...

They're trying to avoid state-by-state regulation and to be able to operate the way they choose to operate.

Our guest is Cindy Skipani.

She is a professor of business law at the University of Michigan Ross School of Business.

Cindy, you said recently in an article, they're trying to differentiate basically what is insider trading and what isn't.

And it's like the Wild West.

Can you elaborate on that?

And is that basically when it comes to regulations or different things to bet on, what did you mean by that?

I meant that.

We don't even know what these markets are.

So in terms of how to regulate them, the question is, is it betting?

Is it gambling?

Like the states are suggesting, and there are many states have sued Kalshi.

For instance, the state of Michigan just got in the game recently.

I'm stating that this is online.

It's gambling and the rules of the state for that need to come into play and it's not just do what you want.

On the other hand, the question is, well, are these investment contracts?

The Commodities Futures Trading Commission, CFTC,

says they have exclusive jurisdiction over this market and they can decide what regulations are in place.

The states are saying no, this is a state issue because it's gambling and it's not part of our laws.

And then these things are so new and they have expanded, as we just talked about, to predictions just about on anything.

So I do see this as the

the Wild West.

I don't see that we have guardrails in place.

I don't see that we've even decided what they are, which which box to put them in.

Insider trading is typically we think about corporations and we think about an executive or a person inside the corporation knowing whether an event's going to happen.

So whether we're going to get the contract, whether we're going to lose the contract, they get the knowledge before the market does.

So they can trade, not legally, but the insider trading aspect is that they go ahead and either sell or buy to avoid a loss or to make money before the information comes out.

That's what typical insider trading is, and it's regulated by the Securities Exchange Commission because this is a stock, it's an investment.

What is this?

Is it gambling?

Is it an investment?

the Securities Exchange Commission, the SEC hasn't really weighed in on that, but you can envision there being typical insider trades inside this platform.

So I might be an executive at a big corporation and there might be a bet about whether we're going to get a contract or something else on there.

I know.

So if I go in and bet on it, I'm really rigging the market.

Definitely not legal under the Securities Exchange Commission.

But then there are other kinds of things out there that aren't related to corporations, but I might have the inside track.

And does that make this market fair?

Is it being manipulated?

And again, the CFTC can go after manipulations, but the moment

They seem to be pretty hands-off on what's going on.

So we just don't know.

And something I wanted to talk about with you, and I'll talk about it right now, but when we come back on the other side of the break, you can address it, is the fact that what I was reading from my research is that until they even all come together, whether it's, say, it's delegations from each state to the federal government, or it's the CFTC and the SEC, until they come up with definitions,

Nothing can really happen because as you said it's like one side saying it's betting one side saying it's trading one side saying it's inside information the other side is saying no because and I want to use an example that you brought up that's in the verge article is the fact that you know Jeff Bezos his stepson said that my dad might not be coming to the Super Bowl and that could influence thing is that insider information or is that guy just talking to his buddy but his buddies dropped some of them dropped $10,000 on these

trades to say that he would or wouldn't be there.

So I want to talk more about that on the other side.

But when we come back, we'll be speaking more with Cindy Scapani.

She is a professor at the University of Michigan Ross School of Business.

We're discussing, as we've been told, the bonkers world of online trading or

contract trading, however you want to say prediction markets, prediction markets.

That's right.

That makes it sound that's, that's betting with a tie, but we'll be talking more about that with Cindy on the other side of the break.

Don't forget folks, text in the word bike on the civic media app to be part of the break in a spring text to win multi-state contest, your chance to win $200.

That's going on for a little bit longer, but don't go anywhere.

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Stay tuned.

Stay close.

Welcome back to Nightlight with Pete Schwabba and Greg Bach here on the Civic Media Network.

If you want to be part of the conversation call 855-752-4842, 855-755-CIVIC.

Leave a comment on our live stream.

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If you haven't participated in our break in the spring text to win multi-stake contest, text in the word bike.

B I K E via the civic media app.

Let me see really quick here.

Chris and son prairie you misspelled the word so if the word is bike B I K E like look at that.

Shiny Schwinn bike, but you have a few more minutes to do that coming up in the second hour We're talking to civic media sports authority Mike Clements about opening day as well as maybe the NCAA tournament and badger sadness But that's all coming up and we kept everything off within the night cap So don't go anywhere having a lot more fun and we are talking to Cindy Scappani who is a professor at the University of Michigan's School of business and we're talking about online whether you want to call it betting or trading or futures

And that was something I talked about before we went to the break Cindy, which was it doesn't feel like anything can get done until people sit down in a room and decide what this is.

Because until they do, everyone just gets to have their way and say, well, no, sorry, this is what we're doing.

So it's really going to take, I believe, political leaders, elected officials coming together and saying we need to we need to create something that works for everyone.

So we know what's going on and we have applicable rules to put in place.

I think that's exactly right.

And there are some proposals or some legislative initiatives in play.

Nothing has gotten very far yet, but there is a bipartisan bill about calling it.

at least with regard to sports, sports gambling and having that be decided by the states.

So sort of taking it out saying, no, you can't do that.

You have to go through the regulatory process state by state if it's about sports.

There also are proposals about, what is it called, the death bets, something along those lines where there is a proposal to

outlaw completely, anything dealing with death, assassination,

or

those types of things as against the public interest.

Now, the regulatory body, the CFTC, does have the authority to decide that something's against the public interest.

But if Congress passes a bill, this takes it out of their discretion and says,

We know this is just flat out against the public interest.

And there's another proposal to try to deal with inside information so that if you happen to have the inside track on one of those bets or contracts, then you may not put your money down on that.

And there's a good sense of fairness there.

insider trading in the regular stock market, we don't like it because it shows the markets may be rigged.

I mean, why would I put an investment in a company if I know the insiders are going to make all this money first and I don't have a shot at really having a good investment?

So the whole idea behind that is to try to, we can never make it equal or even, but we're trying to give a little more sense of

you know a fairness and I think that's not a bad idea for these markets as well.

If you have the inside track then you or your friends shouldn't be playing that one.

On the other hand we like information and so we want to encourage people to dig for information but dig properly like you know stock brokers like the media when you're reporting on things dealing with companies so I wouldn't want to discourage

Getting at the truth, but you know, it just happens to be that you have you're the only one with a source of information and that's a different story

While we've been talking here, I placed a bet that Jesus is coming back.

He's gonna look around and then leave so not be happy with what he sees I'll let you know how that works out.

I like the term prediction markets.

It makes it seem like betting on terrorism is so

Okay, like these aren't hog futures or grains people are vet are betting on What is to say like I can't believe there aren't already laws that the people that are doing bombings or people that are betting on terrorism that that's not already Is that considered insider trading or is that a law on a different level that you'd have to go after people?

It would be on a different level and I think it would be against public interest clearly and from what I understand call sheet

didn't pay out on the death of the Iranian leader because of that, although I don't know why that bet even got on their platform then.

I mean, I'm a little bit lost on all of that.

They took the bet but won't pay out on it?

Yeah.

Apparently.

Apparently.

I mean, that's what I've read.

So that is just not comprehensible right now to my mind.

But I think clearly there are things against public interest.

And you may be

If you're an insider and you can then game the system on, okay, the bets are going this way, I can change what I'm going to do so that I make big money on the long shot or that the incentives are just messy and wrong, I think.

Yeah.

Thank you, Cindy.

Thank you so much for coming by talking to us about this.

Before we get out of here, I wanted to put this up on here.

I wanted to see it.

Joe on the live stream says, thank you for having Cindy on.

I read McCabe.

Coppins?

Coppins reporting on his journey into the world of online gambling.

It was sobering and like a trip to a parallel universe.

Well, yeah, online gambling is one thing.

This, my friends, is a whole other thing and we'll be interested to see.

what happens in the next few years as far as who's going to come to the table to say, let's put something together that protects the people and makes it, as you said, Cindy, it's not going to be totally fair, but maybe just a little bit more fair.

We'll move towards that.

That's always a good thing.

But Cindy Scappani is a professor of business law at the University of Michigan Ross School of Business.

Thank you so much for being here tonight.

We really appreciate your time and your expertise.

Thanks.

Thank

you.

This was fun.

Thanks.

Go ahead.

I'm

glad you enjoyed it.

Okay, when we come back, we're going to be talking about the question of the night.

Who is your who is the best music duo of all times?

Feel free to call or text 855-752-4842, 855-755-CIVIC.

Leave a comment on the livestream about that or, you know, you got a few more seconds.

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Here's Pete and Greg.

Welcome back to Nightlight with Pete Schwabba and Greg Bach here on the Civic Media Network.

We're coming to you live, alive on opening day of baseball here.

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We'll talk more about that with Mike Clemens, who is Civic Media's sports authority sports writer.

Guru travels all over the country to get the sports you need, but that's more in a little bit.

Not across the state.

I feel like I can't say that.

Can I say Pete?

Can I say across the state down?

Up the state.

Up the

state.

Up the state.

Up the state.

There we go.

That

sounds a

lot better than up the state.

Up the state.

Up state for me in northeastern Wisconsin in Marinette.

We got Mr. Pete Schwabba and then all the way over in Central-ish South.

Wisconsin, we have Dom in Madison on the ones and twos.

Thank you so much for being here.

We still have another great hour ahead for you.

We got, as I said, we have Mike Clemens coming up in just a little bit.

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So yeah, make sure you have that Civic Media app.

Make sure you stay tuned for that keyword.

Text it in.

If you get an opportunity for an extra entry, go ahead and take that one.

And you're good to go.

But good luck to you.

Thank you to everyone who has participated so far.

I got to say, Cindy Scappani was amazing.

That was a great interview.

She was fantastic.

I totally agree.

And I had more questions, but I also, it's so basic.

I'm so pedestrian when it comes to online betting to begin with.

I just don't get it.

I get why people bet on sports.

I have friends that do it, but I don't, I like watching my teams.

I don't need another reason to watch a sport because I put money on it.

It's enough of a time waster.

So I don't even get online betting, but a lot of people do.

You know, the last time I was at Potawatomi, Greg, I was

there

with my wife and my son.

My son wanted to try Blackjack and we're walking around.

It was probably six months ago on a Saturday night.

It was so depressing.

I don't remember.

Like I've spent time when I was a stand up in casinos and you'd go with the other comic and always fun to walk around or whatever, blow 20 or 50 bucks or whatever.

But like so many of those people.

look like they should not have been there.

They look like they couldn't afford to be there.

They got whatever money they had and they're going right to the casino.

It was really hard for me to enjoy

myself there.

I mean, honestly, Pete, these are a lot of folks and I'm not, this is, I'm not a gambler.

While you say that you want to just watch your team and enjoy, I just look at my money and say, I want to keep that.

I want it to be my money.

A lot of those folks live in the world of like the lottery mentality where they think that they're going to hit it big, whether it's scratch offs, you know, the mega ball, mega power ball, mega power ball or

at

the casino, they think that's where their ship's going to come in.

And that's the bummer is that we live in a world where that is a viable idea of how to quote, make it rich.

And yeah, I've been in those casinos as well.

I'm very lucky.

My mom, my mom enjoys gambling.

She enjoys poker, video poker, but she has the guardrails on.

She has her budgets.

When she plays poker with friends, it's for nickels, dimes and quarters.

When she goes to Pottawatomie, it's very strategic.

When she's done, she's done.

And so, and I tell her all the time, I think it's really funny that both of my parents were poker players and went to Vegas regularly and

neither

one, neither my sister nor I gamble at all.

Period and it's not because we they lost our inheritance.

It's just because we just don't do

it Well, you're smart.

I mean if you don't if you don't feel the need to do it, you're better off not doing it I just like I love the game poker.

That's why I believe it I would I've never spent a penny like if I lose everything on my app I just build it back up and it sucks, but I'm not yeah I'm not paying real money for fake money.

That's just has never made sense to me I don't know it's no you're right.

I don't I

completely understand what you're saying

You know it's not depressing though, Pete.

A lot of stuff.

But what?

Well, first of all, the Brewer's win today.

The Brewer's win today is not depressing.

You know what else isn't depressing?

The Cubs lost today too.

But what really isn't depressing is the question of the night.

Let's talk about the question.

Okay, question.

Question.

Question.

Question.

Question.

Okay, I have a question.

Questions.

This question.

Domanda.

Question.

Question.

Questions.

Here we go.

Let's go.

LFG, as they say, folks, who is your favorite music duo of all time?

Who is the best music duo of all time?

That is our question of the night.

And you know what?

It's interesting, Greg, before the show, we were talking about how Seals and Croft, a big time duo in the 70s and 80s, Croft died.

And what was this first name?

Dash,

as in like Mrs. or a dash of or.

Yeah.

Mrs. Um, crazy 85 years old passed away.

So they're no longer a duo.

I don't even know if the other one's still alive to be honest with you.

Yeah.

But, um, and it begs the question, will they go on tour with seals saying it's still seals and crop?

Like a lot of bands still do that, even though like only the bass players left and they're in their 80s and they still tour, you know, well, I think that's interesting to see.

I think that the last remaining, the last surviving member of the Moody Blues is touring.

Like it's a thing where they

two or solo playing the music of the band and maybe some of their old music, their own solo music too.

But I mean, now, I mean, when, when Glenn Fry died, I was like, well, the Eagles are over, but they're like, no, let's get a sunplay.

Like these bands just don't stop because there's money to be made.

And honestly, a lot of these, I know musicians, you know musicians.

It's not even musicians.

It's people who make their life going out on stage and entertaining.

It, it's their lifeblood.

It's what they know.

So.

They will continue to do it in that sense, but I wouldn't be surprised.

But also, I don't know how old seals is.

Well, he's got to be, I

would think in the ballpark of 85 like a dash Croft was, but no, and I get it.

It's in their blood.

I, you know, if you love what you do, especially you're

Bringing joy to people singing or doing comedy or whatever you don't ever want to hang it up You know you might tour us, but but good for them So anyway folks answer the question if you will please who is the best music duo of all time 8 5 5 7 5 2 4 8 4 2 8 5 5 7 5 civic

You can also text us on the Civic Media app.

Do we have information?

Are we back up?

I

saw entries come in after I said something, so it seems like things might be good.

But if you can't get through the app, text us via the phone, your regular phone, or give us a call.

We'd love to hear from you.

Sure.

Give us a call.

If you're watching the radio on YouTube, Facebook, or X Twitter, you can drop us a stream comment too.

But play the game.

Not the contest.

That's not happening this hour.

I just realized what I said.

But be part of the show.

That's what I meant to say.

And do you have a favorite duo, Greg?

Music duo?

Gosh, I don't know.

I mean, as far as, like, it's easy to say.

Well, let me ask you something here.

Yeah.

Because one of the answers on the Facebook page

was from Robert.

He said Lenin and McCartney.

And I don't see Lenin and McCartney as a musical duo.

They wrote songs together, but they were in a band.

Like to me, I think of Seals and Croft, Hall and Oats, those kinds of, that's what I think of a musical duo.

So I mean, I might be doing too strict, but it's very hard to nail that one down because there's so many great groups out there.

I mean, if I'm going to say, it's going to be Daft Punk for me.

Ooh, okay.

That's interesting.

I I answered on on social media as well, and I said Simon a Garfunkel to me that's hands down Yeah, the amount of hits I just love their style to love the guitar and the harmonizing and all that kind of stuff So those would be those are my two favorite.

What about you dummy got one?

Yeah, I like MGMT.

So I like Andrew and Ben from MGMT.

I just

big in a FIFA and they had a bunch of FIFA songs.

So, that was me.

Yeah, I'm Jim T for sure.

Wolf

down a big arch burger and

listen to

some... Well, folks, I'm home.

It's time for some good music and some good burger.

Give me the big arch

and

some big hits.

Tony Zimmerman on the stream.

Our pal Tony here at Civic Media says, Brooks and Dunn.

Okay, that's another big one.

I love Brooks and Dunn.

That's a good concert, by

the way.

Yeah, and then he says or Rebecca black and Friday.

I don't know.

Okay.

That's you know, he's just being silly

just like there's a lot of silliness on the Facebook

today like black Friday.

I

can't believe myself for that key and peel.

Come on now.

What was the other Garth Brooks and Chris Chris Gaines.

Eric could being silly.

Millie Vanilly.

Oh, love their work.

I love the work that was done for

them.

Here's another one I don't understand.

Brett, our pal from Brown Deer says, the best duo I can think of is Chris Cornell and Eddie Vedder in Temple of the Dog.

So I guess if they collaborated on an album?

Sure.

That works.

Temple of the Dog was a side project for both of them that was still

a

band.

And

again, again, I

am being, I am being a snob right now.

So I say live your life and like what you love and do your thing.

But when I think of musical duo is I don't like, that's not what comes to mind when I think of a musical duo.

But

if that's what you like, go for it.

We got a lot of Simon and Garfunkels on the, on the text line, by the way, David and Tom both say Simon and Garfunkel.

What else we got?

This was a good one.

Robert on Facebook said, the captain into Neil,

well then.

Yeah, Robert is an opera singer, by the way, so I'm not gonna argue with him

on that.

Tom from Hartford on the text line also says the jugs.

I think he

meant

the jugs, but I could be wrong.

Tim Baker says Chad, oh, that might be on social media.

I just don't know.

So yeah, well, let's just go to the social media.

We got some great social media interaction today.

Let's see what, uh, see what people are saying.

Chad and Jeremy, do you know them?

I do actually.

Yeah.

We've, we've actually on one of some of our stations here on civic media, we play some Chad and Jeremy.

It's like they're a band that like never made it huge, but they've got a couple of hits.

Uh, what else we got here?

Uh, Tim says, uh, the Everly brothers.

He also says Simon and Garfunkel, the smothers brothers, which I would totally go for.

They were very musical.

Oh, that's

true.

Sylvia Ian and Sylvia.

I've never heard of them and Seleno and Barnes.

That's

interesting stuff.

That's interesting stuff.

Ian and Sylvia are a folk duo.

There's more Lenin

and McCartney too.

Joe said Lenin and McCartney.

I want to get your take on this Greg because my pal Pat said, Hall of Notes is not even close.

There are some songs I like by Hall of Notes.

I feel they're overrated.

Am I way off there?

Chris Anderson on the text also said Hall

notes.

I think Hall notes are definitely contenders.

I think, you know, they wrote so many hits and their,

and

their, their progression too, from when they first started, when they were that blue eyed, you know, pencil, Philadelphia soul sound to more pop rock.

I feel like, yeah, I, I, I would definitely put them up there.

And I don't think that's overrated.

I, but again,

If that's not your jam, it's not your jam.

I would say my favorite new duo is Angine des Portrines, which is a Quebec two-person group that wear masks and play and are completely made up in paint, except for like their exposed skin is made up with body paint.

They wear these weird costumes and they play music that for a lot of people is completely unlistenable, but I love it.

And social media is going...

bonkers for them right now.

Like their look is very, very, very unique.

Angine de potrine.

I don't know if I'm saying that correctly, but just look them up.

They are amazing.

Brian on the text line in Sun Prairie listening and WMDX says the white stripes.

That's good.

That's

very,

very good.

Great

one.

And then Anna in Madison says, hi, Pete and Greg.

My favorite duo is the Everly brothers.

They had great harmonies.

They did indeed.

We

had Boris on social media also said the Everly Brothers.

I love the Everly Brothers.

Jenny Brand, our civic media colleague, says Marvin Gaye and Tammy Terrell with Wham as a close second.

Love both of those, Jenny.

Wham's

amazing.

Wham's amazing.

They released two records, and that was it.

Is that it?

That's it.

I could talk for hours about Wham.

Oh my

gosh, Matt Cassane also says Hollin' Outs, Outstanding.

All right.

it's time for the Civic Media Sports Guru Sports Authority Sports writer, Mr Mike Clemens here with us talking about opening day and other sports events going on.

But don't go anywhere.

You are listening to Nightlight with Pete Schwabba and Greg Bogg here on the Civic Media Network.