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This Week in Business
Why Prediction Markets Are More Than a Passing Trend
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Prediction markets are becoming an increasingly visible part of sports, politics, business, and culture. But what makes them different from traditional betting?
Abraham Wyner, Wharton Professor of Statistics and Data Science and Co-Director of the Wharton Sports Analytics and Business Initiative, explains the wisdom-of-crowds theory behind prediction markets, how these platforms make money, and why their structure creates a different relationship between bettors and the market. He also examines regulation, the risks of gambling, and whether prediction markets and sportsbooks can continue growing alongside one another.
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The New Strategy Behind Revenue Growth
12:02|The chief revenue officer is no longer just a sales leader.Raghu Iyengar, Wharton Marketing Professor and Academic Director of Wharton’s Chief Revenue Officer Program, explains why companies are turning to CROs to align sales, marketing, product, finance, and growth around a single revenue strategy.He also discusses how AI is raising the stakes for revenue leaders, why a holistic view of the organization matters, and how the role will continue to evolve as new sources of revenue emerge.
What the World Cup Teaches Brands About Cultural Marketing
12:16|The biggest marketing wins at the World Cup did not always come from official sponsors.Americus Reed, The Whitney M. Young Jr. Professor of Marketing at Wharton and co-host of Marketing Matters, examines how brands connected with fans during one of the world’s largest cultural events.He discusses the power of iconic brands, social sharing, earned media, culturally relevant advertising, and creative ways companies can become part of the conversation beyond traditional sponsorship.
Social Security’s Funding Crisis and the Future of Retirement
12:45|Social Security’s main trust fund could be depleted by early 2033, leaving incoming payroll taxes sufficient to cover only about 86% of scheduled benefits.Kent Smetters, Wharton Professor of Business Economics and Public Policy and Faculty Director of the Penn Wharton Budget Model, explains why the program is approaching a critical funding deadline and what it could mean for current and future retirees.He also discusses the impact of falling birth rates and longer lifespans, why delaying reform makes the eventual solution more difficult, and the policy options Congress could consider to strengthen Social Security.
Why Companies Are Rethinking the Rush to Implement AI
13:17|What happens when companies move AI from a promising experiment into everyday operations and the technology starts making costly mistakes?Santiago Gallino, Associate Professor of Operations, Information and Decisions and Associate Professor of Marketing at the Wharton School, examines why companies such as Starbucks and Ford have reconsidered AI-driven processes after accuracy and quality problems exposed the technology’s limitations.Gallino explains how unreliable systems can erode employee trust, why human judgment remains essential, and how implementation failures can affect customers and brand reputation. He also discusses the risks of scaling AI too quickly and why companies must determine whether their technology investments deliver meaningful customer value and measurable returns.
Why Big Companies Are Rethinking How They Work With Startups
12:58|Big companies need innovation, while startups need capital, customers and opportunities to prove their ideas work.Wharton Professor of Operations, Information and Decisions and Senior Vice Dean of Innovation Serguei Netessine explains how corporate venturing is evolving beyond traditional investment models. He explores the rise of venture building and venture clienting, why becoming a startup’s customer can be more valuable than simply investing in it, and how these partnerships can help established companies innovate faster while giving startups a path to scale.
Can Congress Fix America’s Housing Affordability Crisis?
13:24|A new bipartisan housing bill promises to tackle America’s affordability crisis, but will it actually make housing more accessible?Wharton Professor of Real Estate Ben Keys examines the Road to Housing bill and its potential to address the rising cost of buying and renting a home. He discusses proposals to streamline permitting and environmental reviews, expand manufactured housing and small dollar financing, and support home repairs and local innovation. Keys also explains why limits on corporate homebuyers could have unintended consequences and why funding constraints, tariffs, labor shortages, and high mortgage rates could limit the bill’s near term impact.
Why America Leads the World in Innovation
12:58|Innovation isn’t just about breakthrough technologies. It’s about building the institutions that allow those breakthroughs to scale.David Hsu, Wharton Professor of Management, explores how the United States has repeatedly reinvented the way innovation works, from the patent system and Bell Labs to venture capital and today’s AI ecosystem. He explains why commercialization, institutional design, and effective regulation have been just as important as invention itself, and what lessons they offer for the future of artificial intelligence and entrepreneurship.
Navigating Competition and Collaboration in the AI Race
13:28|Henning Piezunka, Associate Professor of Management at the Wharton School, explores how competition in the AI industry can shift from healthy rivalry to destructive behavior, discusses the psychology behind executive decision-making, explains why successful organizations balance competition with collaboration, and shares insights from research spanning business, sports, and innovation ecosystems.