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recursivedoubts 10 hours ago

remember when gambling was illegal?

and the idea of advertising gambling on television wasn't even something conceivable?

and, even more so, the idea that sports entertainment channels would be directly involved in the operation of gambling of was just completely beyond comprehension?

ahhh, the remote, halcyon, bygone days of 2018...

skdhfkdjfhsjk 9 hours ago | parent | next [-]

It was a quaint, simpler time. Now we are much more sophisticated and modern.

deadbabe 9 hours ago | parent | prev | next [-]

All those serving hard time in prison for sport gambling crimes should be pardoned.

prpl 8 hours ago | parent | next [-]

It would be interesting to make that sort of thing generic. A law couldn’t legalize something without backporting the legalization.

sandy_coyote 8 hours ago | parent | prev | next [-]

Pete Rose: reprehensible pariah or radical pioneer?

georgemcbay 4 hours ago | parent | prev [-]

> All those serving hard time in prison for sport gambling crimes should be pardoned.

That is certainly on the table... as long as they have a couple of million stashed away to put into World Liberty Financial and the charges are federal.

The unwashed poors though... they are SOL.

dandanua 7 hours ago | parent | prev | next [-]

It increases GDP. Also, have you seen the Dow?

JumpCrisscross 7 hours ago | parent | next [-]

> It increases GDP

I want this rigorously studied.

If it does, I’m more open to it. I don’t think it does. It’s a minuscule industry, macroeconomically spwaking, with massive negative externalities. I think regulating the marketing and conduct of industries proximate to addiction is something productive societies do. (On the other side of the spectrum we have the Qing.)

izacus 7 hours ago | parent [-]

It's obviously a tongue in cheek comment sir.

JumpCrisscross 7 hours ago | parent | next [-]

> It's obviously a tongue in cheek comment

But it captures a truth. States see lotteries as a funding source. Kalshi and Polymarket are combined valued at the GDP of Iceland (or alternatively, 13 Greenlands).

Casinos are run as a productive part of Nevada’s economy. Lotteries, too, on average, at least in some places. Our liquor and now cannabis industries are economic engines. It isn’t ridiculous to expect gambling apps to wind up in a similar place.

danny_codes 3 hours ago | parent [-]

Depends. I imagine the opportunity cost of alcohol and cannabis outweigh their benefits from lost productivity. So likely those industries merely give an illusion of positive economics

cucumber3732842 2 hours ago | parent [-]

The economic windows are less broken when people smoke themselves stupid than they are when we send state violence after those people. This goes for most "bad" things. (State) violence is just that destructive to productivity. See also: prohibition.

Dylan16807 4 hours ago | parent | prev [-]

It's obviously a joke, but joking that a bad thing is actually good because of some surface-level benefit does raise the question of whether it even has that surface-level benefit.

5 hours ago | parent | prev [-]
[deleted]
Ferret7446 6 hours ago | parent | prev | next [-]

Humans have tried to ban gambling for as long as gambling existed, and gambling has existed for about as long as homo sapiens. Gambling still exists.

recursivedoubts 5 hours ago | parent | next [-]

Humans have tried to ban murder for as long as murder existed, and murder has existed for about as long as homo sapiens. Murdering still exists.

notTooFarGone 5 hours ago | parent | prev | next [-]

Ah yea and 1 billion $ or 100billion $ it's all the same

blueboo 4 hours ago | parent | prev [-]

For those who find this appealing: Fires still burn down houses so what’s the point of fire departments?

fasterik 8 hours ago | parent | prev [-]

Remember when alcohol was illegal? Ahh, the remote, halcyon, bygone days of the 1920s.

How about we treat adults like they're adults and let them make their own choices?

JumpCrisscross 7 hours ago | parent | next [-]

> Remember when alcohol was illegal?

I don’t really gamble. But I agree with you. Prohibition is never the answer.

Our current regime, however, is one where bartenders face zero liability for their patrons’ drunk driving. Making gambling companies liable for problematic gambling is a good start. Banning gambling ads, within apps and without, is a great end. I’d also argue for a cap on bet sizes, but I’m open to being talked out of that.

ribosometronome 3 hours ago | parent | next [-]

>Banning gambling ads, within apps and without, is a great end.

That's prohibition.

yifanl 29 minutes ago | parent [-]

Of what? It certainly hasn't stopped cigarettes.

If gamblers want to gamble, is not seeing the 30 second video ad the only thing stopping them?

idontwantthis 3 hours ago | parent | prev [-]

You actually want to ban bet maximums. Regular people get destroyed making small stupid bets on nonsense like freethrows for benchwarmers. Apps only offer those because they put a low max bet so they have little risk on a wager that is impossible to price accurately. If they couldn’t set such a low max then they couldn’t offer those nonsense wagers.

1bpp 8 hours ago | parent | prev | next [-]

These are systems completely designed to prey on vulnerable people, addicts who can't control their impulse to gamble. That's their purpose. I think it's worth regulating intentionally predatory and harmful industries.

jfengel 8 hours ago | parent [-]

We limit alcohol advertising because it also has an addictive quality.

Limiting gambling ads the same way might be a good step.

miki123211 5 hours ago | parent | next [-]

When making decisions like this, one should consider not just the desired consequences of the policy, but the difficulty in actually implementing it. Alcohol and narcotics prohibitions fall short here.

It's hard to fully prohibit gambling (because you can play poker around a table, and it's better if that's legalized). It's much easier to prohibit banks from interacting with casinos and TV networks from letting them advertise, as those are large businesses who want to be compliant. That doesn't make gambling itself illegal, but cuts off most of its oxygen.

nradov 4 hours ago | parent | prev [-]

The problem though is that technically, legally most of this stuff is no longer classified as "gambling". It's now a "prediction market" of which team will win the game.

Teever 6 hours ago | parent | prev | next [-]

Let's combine the idea of hyper-targeted advertising based on mass data collection with custom tailored addicted substances.

If I design a chemical that will specifically make you fasterik so dependent on it that you'll do any sexually depraved things that a line up of random strangers want so that they'll give you pocket change so that you can get another hit of that chemical should it be illegal for me to surreptitiously give it to you in a product that you buy from me?

Why or why not?

hgoel 8 hours ago | parent | prev | next [-]

I guess you also think we need to stop policing drunk driving? Because the reasons for regulating gambling are similar.

fasterik 8 hours ago | parent [-]

That's quite a straw man. Drunk driving is and should be illegal because it puts the lives of others at risk. Alcohol is legal because it only puts the health of the drinker at risk. Generally in a free society we accept that adults should be free to make decisions that harm only themselves.

lux-lux-lux 7 hours ago | parent | next [-]

Problem gambling has a similar negative outcome profile (in terms of suicide, financial problems, etc.) as an addiction to hard drugs

hgoel 8 hours ago | parent | prev [-]

It's interesting to be arguing that gambling doesn't put others at risk in the comments to a post about a broad trend of collective harm associated with loosened controls on gambling. Do you think these people exist in a vacuum?

On top of that, sports betting inevitably leads into match fixing, threatening of players etc.

fasterik 7 hours ago | parent [-]

I believe most of the negative impacts you're referring to are covered by existing laws concerning fraud and consumer protection. I'm in favor of making truly fraudulent and predatory behavior illegal. I don't see any evidence that the "collective harm" you mention from the article is anything other than individuals making bad financial decisions.

I believe that I, as a responsible adult, should be allowed to gamble for entertainment if I want to, and my right to do that shouldn't be taken away because a small minority of the population has low impulse control.

bpt3 6 hours ago | parent [-]

> I don't see any evidence that the "collective harm" you mention from the article is anything other than individuals making bad financial decisions.

Legalized gambling establishments do very little besides extract money from visitors and project negative externalities into their surroundings.

> I believe that I, as a responsible adult, should be allowed to gamble for entertainment if I want to, and my right to do that shouldn't be taken away because a small minority of the population has low impulse control.

You can believe that, and be correct in theory. In practice, the "small minority" doesn't appear to be small enough under the current regulatory regime.

It's no different than the regulation of controlled substances and other vices. Or do you have an issue with that as well, and feel you should have the right to consume as much heroin as you want?

fasterik 5 hours ago | parent [-]

I'm pretty liberal when it comes to drugs. I think it's a case by case basis, but I do believe that heroin and most other drugs should be legal and regulated. As long as there's demand, prohibition just leads to black markets, funnels money to cartels, and consumers ultimately get a less reliable and more dangerous product.

bpt3 4 hours ago | parent [-]

Is there any drug that you would consider off limits for recreational consumption? OxyContin or fentanyl for example?

fasterik 4 hours ago | parent [-]

I don't consider those off limits for recreational consumption in safe doses. If fentanyl were legalized, I would see a strong argument for restricting the sale of large amounts of pure fentanyl. Fentanyl lollipops with small doses, I think would be fine.

Regardless, I don't think we should stretch the metaphor between gambling and drugs too far. They are fundamentally different things.

bpt3 2 hours ago | parent [-]

They aren't that different, in that they are addictive, provide no value to society other than entertainment (which is not worthless by any means, but not something that is very heavily weighted in a cost/benefit analysis), and the resulting behavior of addicted individuals is highly negative and has an impact well beyond the addicted individual.

You are on an extreme fringe to put it mildly. It is your right to hold that opinion, but it also means that there's no real point in discussing this with you from what I can tell.

umanwizard 7 hours ago | parent | prev | next [-]

Adults can and do become addicted to gambling (and drugs, etc.) and ruin the lives of themselves and those around them.

Recognizing this fact isn't treating them like children, it's treating them like the adults they are.

andrepd 6 hours ago | parent | prev | next [-]

There's a fine line between prohibition and all-out attack, everywhere all at once, from TV internet and sports, trying to get everyone addicted to gambling, from 9 to 99 years old.

Like... cigarretes aren't prohibited. But you're hard pressed to find anyone who doesn't agree that we're MUCH better off now with full advertising bans, indoor smoking bans, bans on sales to minors, steep tax, etc, than what we were in the 70s with disgusting cigarrete smoke everywhere.

listenallyall 5 hours ago | parent | prev | next [-]

[dead]

raverbashing 8 hours ago | parent | prev [-]

And yet you can't do a quick Google search to understand that "expecting adults to act like adults" is a ridiculous idea when 80% of people have NPC agency

Prohibition was a mistake and it goes a long way of sorting how people will act stupid regardless