alt Hacker NewsMost available data suggests that sports betting is much worse for the people making the bets, as it better targets people with poor impulse control. Bad bets in political markets aren't causing measurable increases in bankruptcy and domestic violence rates (https://thezvi.substack.com/p/the-online-sports-gambling-exp...).
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I don't think that article supports your claim that bad bets in political markets aren't causing measurable increases in bankruptcy and domestic violence rates. It only tells us about online sportsbetting, and it was written in 2024 before prediction markets really took off. If anything, it provides evidence weakly in favor of the argument that bad bets in political markets would negatively affect the bettors.
Likely because this type of betting is still niche. Give it some time.
I live in IL, and digital slots have taken over so many spaces. Online sports betting is bad enough, but more than that is going on.
Not just bars, but restaurants. Places you might take a date for nice Italian food have little corners with digital slots. Gas stations, Taco joints, sometimes an entire business in a strip mall dedicated to digital slots.
It's insane. The only place like it I'd seen prior to a some years back was Nevada. Businesses must be making crazy money off of them to be so prolific in putting them in, and that money comes from somewhere (i.e. not likely to be casual players).