A lobbying blitz made sports betting ubiquitous
Gambling seems to have become absolutely rampant in the last 10 years. Between loot boxes in games, (e)sports gambling, crypto, online gambling sites, and an increasing number of unregulated gambling services as well it's crazy how widespread it is now. I don't know what to make of it.As an industry, gambling doesn't really produce anything. It is a form entertainment, but a very expensive one for the consumer relative to something like movies. It can also be extremely exploitative. The information imbalance between the consumer and provider is massive and there's a whole industry around innovating new ways to make gambling more appealing and profitable.