Honestly this is a good thing, and we should ban online sports and casino betting in the US too. They add absolutely zero value to society, they just cause harm.
Studies have shown that most of the profit from online sports gambling for example comes from people with gambling addictions. These companies are just greedily sucking away money from vulnerable people. These companies really do ruin lives and destroy families.
I can see that maybe prediction markets might offer at least SOME value to society, so if I were made global dictator tomorrow, I wouldn’t ban them right away, but I’d definitely want to see more studies doing a risk benefit analysis.
Agreed. But as usual you gotta see it in the light of the upcoming elections only 9 days away, meaning they had over 3½ years to do something about the snowballing societal crisis and never lifted a finger. Quite the opposite actually, as Lula's deeply corrupt government actually issued the pending regulatory decree for betting sites and thus effectively cleared them to operate legally in the country
nightsd01 · · focus · HN ↗
Studies have shown that most of the profit from online sports gambling for example comes from people with gambling addictions. These companies are just greedily sucking away money from vulnerable people. These companies really do ruin lives and destroy families.
I can see that maybe prediction markets might offer at least SOME value to society, so if I were made global dictator tomorrow, I wouldn’t ban them right away, but I’d definitely want to see more studies doing a risk benefit analysis.
___msh___ · · focus · HN ↗
piva00 · · focus · HN ↗