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Yes, I think the answer to the headline is entirely that. The reason gambling is regulated is that it's fun and tends to draw the "wrong" type of crowd. It's li
by chillacy 10y ago
Yes, I think the answer to the headline is entirely that. The reason gambling is regulated is that it's fun and tends to draw the "wrong" type of crowd. It's like asking why we regulate alcoholic drinks but still use ethanol (albeit denatured) in fuel and medicine. Just look at what they're used for.
- analog31 10y agoPerhaps another reason is that gambling devastates people who don't understand it and can ill afford it, whereas anybody who loses money in the insurance industry is presumably a "qualified" investor who knows how much they can afford to bet.