alt Hacker NewsI was briefly involved with a major sports & esports betting company. It was way grosser than I ever imagined, and they had multiple astroturf campaigns working on legalizing betting in more places.
Took me from a generally laissez-faire attitude about gambling, to being entirely on board with simply outlawing at least that sector of it. So very nasty.
(Incidentally, this did answer a question for me: “how did esports get so big so fast, financially?”. Never made much sense to me. The money’s in gambling, and it’s a fucking lot of money. Lightbulb went on and I felt dumb for not realizing it sooner)
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I had a long-haul flight last year and was sat next to a gentleman who worked for one of those betting companies in Europe who I had a chat with during the flight. The guy exuded pure sliminess from the minute he explained his job, and I couldn't believe the kinda crap he was proud of peddling to people.
It's a good grift unfortunately, an insane amount of money is involved in it as is usually the case with these sorts of morally bankrupt endeavors.
Oh, no, are you serious? I thought esports was fun, maybe a little silly. It's the gambling? That's the big lift? Argh.
I'm completely with you, my friend. I was in business school when I studied betting. All the stereotypes of business students are true - I could have suggested putting thalidomide into lollipops and nobody would have batted an eye.
Despite that, my class had a serious problem with legalized gambling. One of the most free market absolutists I have ever met even concluded that gambling should just be outlawed. He was (and I believe still is) completely in favour of all drugs being legalized, but legalized gambling bothered him in a way that legalized crack cocaine never could have. What pushed him over was how they fund legalization campaigns with all these promises for help for addicts - they'll usually even offer to put a portion of total book into rehabilitation. And then as soon as it is legalized, they will specifically target people who could become addicted.