Showing posts with label Big Gambling companies. Show all posts
Showing posts with label Big Gambling companies. Show all posts

Tuesday, October 21, 2025

Gambling. Investing. Gaming. There’s No Difference Anymore.; The New York Times, October 20, 2025

Jonathan D. Cohen and , The New York Times ; Gambling. Investing. Gaming. There’s No Difference Anymore.


[Kip Currier: It's good to see online gambling issues getting more attention, as in this 10/20/25 New York Times Op-Ed. One of the piece's writers is Jonathan D. Cohen, author of the 2025 book Losing Big: America’s Reckless Bet on Sports Gambling".

I spoke on these issues in my talk -- AI Gambling Thirst Traps and God: Christian Imperatives, Church Roles, and Ethical Responsibilities -- at the September 2-5, 2025 Faithful Futures: Guiding AI with Wisdom and Witness conference in Minneapolis. A publication based on the talk is forthcoming.]


[Excerpt]

"If it feels as if gambling is everywhere, that’s because it is. But today’s gamblers aren’t just retirees at poker tables. They’re young men on smartphones. And thanks to a series of quasi-legal innovations by the online wagering industry, Americans can now bet on virtually anything from their investment accounts. 

In recent years, this industry has been gamifying the investing experience; on brightly colored smartphone apps, risking your money is as easy and attractive as playing Candy Crush. On the app of the investment brokerage Robinhood, users can now buy stocks on one tab, “bet” on Oscars outcomes on another, and trade crypto on a third.

Given a recent explosion in unsafe gambling and growing evidence of severe financial harm, one might ask whether the government should be permitting 18-year-olds to effectively bet on the Dallas Cowboys with the same accounts they can use to invest in Coca-Cola. Under President Trump, who has a son serving as an adviser to two entrants in the sports prediction marketplace, the answer appears to be a firm yes."

Sunday, October 5, 2025

America goes gambling; Quartz, October 5, 2025

Jackie Snow, Quartz; America goes gambling


[Kip Currier: This Quartz article America Goes Gambling is a timely one about a significant AI-driven development: massive growth in online gambling, sports betting, and gambling addictions after the U.S. Supreme Court struck down a de facto ban on these activities (outside of Nevada and tribal casinos) in 2018's Murphy v. NCAA decision.

I spoke on the issue of AI-enhanced online gambling and sports betting at the September 2025 Faithful Futures: Guiding AI with Wisdom and Witness conference in Minneapolis and am currently finishing a chapter for publication on this emerging topic.]


[Excerpt]

"On any given Sunday this football season, Americans are placing millions in legal sports bets, a level of widespread wagering that would have been almost impossible a decade ago when only Nevada offered legal sportsbooks.

Today's football slate represents the peak of a sports betting boom that has fundamentally altered how Americans watch games. Sunday's action is part of an industry that's grown from $4.9 billion in total annual wagers in 2017 to almost $150 billion in 2024. But beneath the Sunday spectacle lies a growing concern about addiction specialists reporting record demand for gambling help as the line between sports entertainment and financial risk becomes increasingly blurred.

The transformation has been swift and dramatic. When the Supreme Court struck down the federal sports betting ban in Murphy v. NCAA in 2018, legal sports betting was confined to Nevada and tribal casinos. Today, legal sports betting operates in 39 states and Washington, D.C., with more statehouses considering laws that would greenlight it."

Sunday, September 7, 2025

All About the Action:Are lawyers more at risk for gambling addiction?; ABA Journal, August 1, 2025

DAVID WEISENFELD, ABA Journal ; All About the Action: Are lawyers more at risk for gambling addiction?

"“Something about gambling draws in certain types of lawyers,” Levant says. But the same things that make them successful in the courtroom can turn against them with gambling and make them vulnerable to wins and losses, he notes."

Saturday, July 5, 2025

Gambling addiction in the military may be going unnoticed, advocates warn; Task & Purpose, July 3, 2025

PATTY NIEBERG , Task & Purpose; Gambling addiction in the military may be going unnoticed, advocates warn

"“Gambling addiction holistically, across the spectrum, even outside the DoD population, is horrendously underresearched. We have very limited data,” Huble told Task & Purpose. “We don’t have good prevalence information on the general population and then within military populations, especially, there is not really standardized screening from branch to branch.”

As defense officials finalize the 2026 budget, the National Council on Problem Gambling — which advocates for addiction treatment but still supports legalized betting — is asking Congress to help study gambling in the military to improve prevention and treatment options. Major gambling companies like FanDuel Group and BetMGM are also pushing Congress to study the issue in the military. 

In June, the council sent a letter to Sens. Mitch McConnell (R-Ky.) and Chris Coons (D-Del.), who lead the defense subcommittee of the Senate Appropriations Committee, asking that problem gambling issues in the military be included as an eligible topic for Peer-Reviewed Medical Research Program in the fiscal year 2026 defense appropriations bill. The letter was signed by BetMGM, FanDuel Group, MGM Resorts International, and problem gambling councils from 29 states."