https://www.lesswrong.com/posts/tHiB8jLocbPLagYDZ/the-online-sports-gambling-experiment-has-failed https://www.lesswrong.com/posts/tHiB8jLocbPLagYDZ/the-online.

https://www.lesswrong.com/posts/tHiB8jLocbPLagYDZ/the-online-sports-gambling-experiment-has-failed https://www.lesswrong.com/posts/tHiB8jLocbPLagYDZ/the-online... tl;dr the online mobile phone based gambling (oh, excuse me it's sports betting) apps' societal cost is too high, the whole economy is basically predatory (because the sane platforms were driven out of the market) https://www.slowboring.com/p/the-sports-gambling-industry-needs https://www.slowboring.com/p/the-sports-gambling-industry-ne... https://www.slowboring.com/p/online-sports-betting-hurts-consumers https://www.slowboring.com/p/online-sports-betting-hurts-con... """ [...] total sports wagers had grown to well over a hundred billion dollars annually and states with legalized mobile sports gambling had seen a corresponding rise in calls to addiction hotlines [...] While most gamblers wager responsibly, a concerning minority do not. Large samples of individual financial data show that legalized sports gambling decreases credit scores, increases debt loads, and substitutes positive investment activities. These effects are particularly prevalent among low-income men. """