Get the latest tech news
Should Sports Betting Be Banned?
You may have seen this recent paper on the financial effects of legal online sports betting floating around econ twitter a few weeks ago:
The author’s identification strategy relies on the staggered rollout of sports betting legalization across states after a 2018 supreme court decision which struct down a federal ban. Targeted interventions, stricter regulation of gambling advertisements, and support for safer investment opportunities are crucial to mitigating the adverse effects on financially vulnerable populations. Hyperbolic discounting magnifies the costs and benefits of near term events, just like how holding your thumb close to your face can make it bigger than the moon in your field of view.
Or read this on Hacker News