3 ms·

There has recently been many looks at the epidemic in gambling. Wonder how all of the focus seem to happen at the same time Off the top of my head: https://ww

• neonnoodle 1y ago
  > Wonder how all of the focus seem to happen at the same time Because this practice was made legal very recently in most places in the US and a concomitant advertising boom has saturated the media. Before the last few years, your average American couldn't bet on sports without visiting a casino sports book in person, or having a bookie (i.e., entering into a risky relationship with organized crime). TV sports coverage now openly refers to how you can use their analysis to make bets.
  • neaden 1y ago
    Also because the NBA is going through a gambling scandal with players being involved with the mafia.
    • robotnikman 1y ago
      This is the first time I heard of this, I decided to look up some of the news stories behind it. Maybe I'm nieve, but I thought the Sicilian Mafia died out decades a
      • markdown 1y ago
        They never said it was Sicilian Mafia.
        • greggh 1y ago
          Multiple articles and interviews have said it was the Sicilian Mafia / La Cosa Nostra. "The Five Families - the Bonanno, Colombo, Gambino, Genovese and Lucchese - have ruled the city's Italian American mafia since 1931." "The Five Families are part of the larger American-Sicilian mafia operation known as La Cosa Nostra" https://www.bbc.com/news/articles/cpv1rkxjyyno https://www.bbc.com/news/articles/cpv1rkxjyyno
          • daseiner1 1y ago
            The Sicilian Mafia (La Cosa Nostra) refers exclusively to the mafia on the island of Sicily, not the Mob which traces its lineage back to Sicilian immigrants. It's being said because the Five Families was erroneously conflated with Cosa Nostra in the original press conference by one of the representatives of law enforcement.
      • tacker2000 1y ago
        They never died, they are still going strong.
• nicce 1y ago
  I find it odd that almost nobody ever refers stock trading as gambling. While for most persons it is nothing else.
  • dbpcut 1y ago
    Because at the end of the day you are buying an asset. Whether that asset stays valuable or not will change. Gambling is the chance to have nothing at the end.
    • Ekaros 1y ago
      With stocks there is real chance to have nothing at all at end too. Lot of companies have failed. And stock holders are last on the list to get returns in bankruptcy.
      • mlrtime 1y ago
        You are changing the definition, everything has a chance of losing value. There are some things that will never have value, or close to 0.
  • daemonologist 1y ago
    What it comes down to I think is that historically, on average, stock traders come out ahead while "gamblers" do not. (Of course you can still go all-in on one company, or buy insane options, or use leverage, etc., and thereby gamble on stocks.)
    • laterium 1y ago
      Investors come out ahead, not traders. The more "trading" it is (meaning more short term), the more like gambling it is. There's even a point where you go from positive to negative sum.
  • QuadmasterXLII 1y ago
    Stock trades with sufficiently gambling-like payout structures do on occasion get regulated as gambling, see for example https://en.wikipedia.org/wiki/Binary_option https://en.wikipedia.org/wiki/Binary_option