RE: https://scholar.social/@natebowling/116976065066476739
'In states that have legalized sports betting the average citizen is worse off. A 2024 UCLA study found that legalization is associated with lower average credit scores, increased debt collection instances, and a rise in bankruptcy filings'
#auPol #gambling #publicPolicy
Quoting
I keep coming back to the ecological concept of "shifting baseline syndrome": each generation mistakes the world it inherits for the way things have always been.
Anyone between the ages of 18 to 21 has spent their adolescence in a world in which options trading, sports betting, prediction markets, and crypto are commonplace activities.
That's a drastic departure from recent norms and we're all worse off for it.
Words by me.
https://buttondown.com/natebowling/archive/everything-is-gambling-now/
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