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The point of regulating gambling isn’t to protect the gambler, in my mind. It is to protect those around them, i.e. to reduce externalities. Kids can’t protect
by janalsncm 2y ago
The point of regulating gambling isn’t to protect the gambler, in my mind. It is to protect those around them, i.e. to reduce externalities. Kids can’t protect themselves. Women who, through no fault of their own, suffer 9% more beatings when their home team loses.
On the other hand, there is more than one alternative to libertarian hands-off approaches that completely ignore externalities.
- ikr678 2y agoI would not be suprised if in future gambling activity gets rolled into an aspect of credit worthiness/background checks that employers conduct on staff. Gambling debts make people desperate.
- fragmede 2y agoBeing blackmail-able has been part of a background check for sensitive roles dating back to well before the Internet. Illicit drug use, gambling, marital affairs are all fair game if you wanted to work at, eg, the FBI.
- ikr678 2y agoYes, but I am talking more about non-sensitive roles. Eg. Businesses with cash handling functions may be willing to pay to find out if potential hires have gambling activity recorded (in addition to the usual credit and criminal activity checks).