3 ms·
It’s maybe not entirely fair to compare crypto to gambling, but I do think it’s worth placing the rise of questionable crypto use cases in context with the incr
by keiferski 3y ago
It’s maybe not entirely fair to compare crypto to gambling, but I do think it’s worth placing the rise of questionable crypto use cases in context with the increasing acceptance and legalization of gambling, especially online gambling. I remember when I was a kid growing up in the northeast, Atlantic City was still _a thing_ because gambling was not really legal anywhere else. That seems to have changed in the last decade or so and now online gambling and casinos are apparently an acceptable industry to have everywhere. What happened to change this?
- jadbox 3y agoAfaik, some clever gambling 'lite' gaming startups found a loophole in the current online gambling legal system (I don't remember how it worked exactly). At a time that states are struggling financially, they (the courts) turned a blind eye to the abuse of the system [see taxes and lobbyists]. Perhaps others know more details.
- keiferski 3y agoThis seems pretty relevant too: https://en.wikipedia.org/wiki/Murphy_v._National_Collegiate_Athletic_Association https://en.wikipedia.org/wiki/Murphy_v._National_Collegiate_...