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The problem with gambling is, there are so many other readily available alternatives. Yes, DFS could maybe cut him off if he loses "too much", though how we def
by mattmaroon 11y ago
The problem with gambling is, there are so many other readily available alternatives. Yes, DFS could maybe cut him off if he loses "too much", though how we define that is too difficult. If a guy who makes $50k a year loses $50k, that's probably too much. If Mark Zuckerberg does it's not. DFS sites surely can't be expected to know your financial situation.
But anyway, suppose they could. There's always the world's biggest casino: the stock market. Or there are actual casinos. Or there are lottery tickets.
In most gaming jurisdictions, casinos are required to pay for billboards and the like advertising where a problem gambler can get help. (The lotteries, which are state run, never do this, and Wall Street sure as shit doesn't.) I'd have no problem with those sites putting link to Gamblers Anonymous on every page.
But beyond that, I don't think they have responsibility.
- karmacondon 11y agoHey mattmaroon, I just noticed your comment here. I was thinking of you specifically when reading this article. I could have sworn you were talking about daily fantasy 7 or 8 years ago, back before it was "a thing". I'm curious, did the market play out like you thought it would? Is this about where you expect daily fantasy will end up, or are there still big changes ahead?
- mattmaroon 11y agoThis is exactly where we thought it would go when we started Draftmix. It is very much like them, except we did it over 8.5 years ago. (We were in YC summer 2007 and had been working on it before that.) It is a shame we weren't the ones to have gotten there. I would have learned some lessons from the rise and fall of online poker that the DFS guys don't seem to have.