Sports betting has exploded across America, with a vast majority of states legalizing gambling in recent years. In fact, Americans gambled $150 billion through online sportsbooks last year. Far too many lost nearly everything. @RollingStone reports on the near-fatal consequences for a group of young men with a phone, app, and a growing addition:
sportsbetting
Prediction markets are one of the many ways society is crumbling under the pressure to financialize everything — which crypto and NFTs were part of.
I spoke with Jathan Sadowski to dig into how tech companies are harming us to maximize profit.
Listen to the full episode: https://techwontsave.us/episode/prediction_markets_want_to_financialize_everything_w_jathan_sadowski
#tech #nft #crypto #sportsbetting #kalshi #polymarket #predictionmarkets
NEW: ProPublica’s Jake Pearson lost $10,000 mimicking the betting patterns of a problem gambler on DraftKings to test the company’s “responsible gaming” safeguards.
One week in, he was invited to become a VIP — and faced little pushback as he spiraled.
https://www.propublica.org/article/draftkings-sports-gambling-problem-vip-fanduel?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
#News #Sports #SportsBetting #Gambling #Draftkings #Baseball #Basketball #Tennis #Football