Leaving aside the fact that, according to rumors, most major sports are rigged and that rigging has only increased in tandem with the explosive and exponential growth of online sports betting in recent years, this is a classic, textbook, cynical selling out and deflection from the real problem at hand. Much like how Big Alcohol ultimately supported the 21 drinking age, and even Big Tobacco (and Big Vape), after ostensibly fighting it for decades, ultimately came to support Tobacco 21 laws. Natch.
We clearly need much better safeguards on all forms of online gambling, as well as offline gambling, no doubt about that. But raising the age limit is both over-inclusive and under-inclusive, and will not get anywhere near the root of the problem. Here's a novel idea: if we are really serious about it, perhaps we should do a "safety recall" on all of these platforms and summarily "quarantine" them for ALL ages until they can be made safer.
From sports to economy to politics and world events, these new prediction markets are certainly warping everything they touch, it seems, with all the ludicrous amounts of money riding on it.
And let us never lose sight of the fact that the world's oldest and largest casino is....WALL STREET. Good luck regulating that!
No comments:
Post a Comment