This is something me and friends have been discussing for a while. Unfortunately this is an unintended outcome, it’s a feature of the business. Also this should have been anticipated as UK legalized it years ago and they’ve been dealing with these issues. That should have been a warning sign for states.
One thing that the study found is that access to credit is being reduced among large populations, including people who don't even gamble. It's important to remember that addictions can lead to widespread effects even beyond those who are addicted.
If I follow the write-up, it's not that it is necessarily affecting those who don't gamble. It's that the effects are large enough that you can find them without bothering to exclude those who don't gamble.
If I'm wrong I would love to know how this is impacting people who don't gamble (beyond obvious examples like loved ones struggling with a gambling problem).
That and the banning of cigarette ads on TV and radio. I've remarked on the cancerous growth of advertising for gaming apps on TV and radio over the past couple of years. I think they should be banned just like the cigarette ads.
It should be like sex work where it is legal you have to go in person to a slightly seedy area which is regulated, not blasted out in ads on prime time television.
Not a shock, sadly.
Substack complained when I tried to restack.
This is something me and friends have been discussing for a while. Unfortunately this is an unintended outcome, it’s a feature of the business. Also this should have been anticipated as UK legalized it years ago and they’ve been dealing with these issues. That should have been a warning sign for states.
The NFL and celebrities are being paid big dollars to promote this vice. So much for Pete Rose’s plight.
Busybodies that would protect adults from ourselves are offensive to a free mind.
The studies quantify real effects on household creditworthiness. We can still gamble but we shouldn't deny the cumulative harm.
I don't deny the harm; it's why I don't gamble. However, no one should have to knuckle under to those who think they know what's best for us.
One thing that the study found is that access to credit is being reduced among large populations, including people who don't even gamble. It's important to remember that addictions can lead to widespread effects even beyond those who are addicted.
If I follow the write-up, it's not that it is necessarily affecting those who don't gamble. It's that the effects are large enough that you can find them without bothering to exclude those who don't gamble.
If I'm wrong I would love to know how this is impacting people who don't gamble (beyond obvious examples like loved ones struggling with a gambling problem).
This is how authoritarian nannies justify telling us how to live.
It's also how we got seatbelt laws! They impacted more than just the people being thrown out of the cars when they didn't wear them.
That and the banning of cigarette ads on TV and radio. I've remarked on the cancerous growth of advertising for gaming apps on TV and radio over the past couple of years. I think they should be banned just like the cigarette ads.
🤡
It should be like sex work where it is legal you have to go in person to a slightly seedy area which is regulated, not blasted out in ads on prime time television.
One only need to look to Great Britain to see the effects of legalized gambling and online betting.
Despite a perfect payment history on all accounts, the Big 3 agencies keep my credit rating just below Excellent. I give up caring about it.
Hate to say I told you so, but....
https://www.wsj.com/articles/sports-leagues-and-tv-networks-like-the-gambling-odds-sportsbooks-apps-digital-legal-vegas-11644614082?st=5cgb35dxh7tf9dc&reflink=desktopwebshare_permalink