We haven't seen the worst of what gambling and prediction markets will do

https://www.derekthompson.org/p/we-havent-seen-the-worst-of-what

We Haven’t Seen the Worst of What Gambling and Prediction Markets Will Do to America

I don’t think people have thought hard enough about how bad this could get.

Derek Thompson

The craziest thing here is that online gambling has been legal in the UK and Ireland for many years, and it's been such an obvious negative for those countries — and had been optimized brutally like any other tech product. When I moved over to the US a decade ago, I remember thinking 'well at least they're smart enough to have banned online gambling'.

I am very pro personal liberties, but this stuff is weaponized to prey on a subset of humanity. I'm in senior leadership, and have made it clear that anyone who has worked on these products should not be hired.

The entire country seems built on taking advantage of people, from my vantage point right now. Whether it’s attention, drugs, or business/legal leverage, everyone is out for advantage and they’re not even pretending to care about people they affect.
Yes. The "freedom" people refer to is "the freedom to be an asshole and exploit people without repercussion".
The UK? or Ireland? or USA?

Professor Cottom's a certified (McArthur) Genius, and she clocked this "scam culture" back in 2021:

https://www.nytimes.com/2021/12/10/opinion/scams-trust-insti...

Things have gotten dramatically worse since then.

Opinion | Why We Need to Address Scam Culture

It’s not just about shady deals. It’s about the social fabric.

The New York Times

I live in a state in the U.S. that’s had legalized gambling for decades. I grew up seeing gambling addicts walk around my city.

It’s always been bad, but in my eyes it’s so much worse now that anyone can tip tap on their phone and gamble away everything they have. At least you used to have to fly to Vegas or something to bet (and lose) big.

> I'm in senior leadership, and have made it clear that anyone who has worked on these products should not be hired.

Can't say I agree with that specific take (and find it a bit naive to be honest), unless you're also not hiring anyone from companies like Amazon, Meta, and all the other tech companies that have also ruined/preyed on society in their own way just as much as any gambling app has.

Morals start and stop somewhere, please don't attack people when they actually show some proper morals on this forum despite the employment of many members here.
This is such a HN comment. Yes, I am not hiring those people either. If that sounds unviable or even uncommon then you’re just too deep in the culture. This is quite common.

this is a false equivalence. Amazon and Meta have caused plenty of damage, companies in our capitalist economies are bad etc. But shipping you books or connecting you to other people isn't inherently evil. There's nothing wrong with the service itself. Gambling is. It's been a vice in virtually every culture for thousands of years. It's akin to peddling drugs. The practice itself is corrosive and destroys people.

It's one thing to acknowledge that any for profit company in some way behaves badly, but you can't change the world. You can choose not to sell poison.

Between these I think Amazon is less bad. It's a monopoly & monopsony which causes a lack of innovation and (eventually) higher prices but it's also a much more efficient way to sell things and it doesn't destroy the fabric of society or anything. Meta though is just as bad if not worse than any gambling site out there. Its products are optimized to destroy your attention span, feed you polarizing content, destroy your mental health and waste hours of your time every day all while ironically making you less connected to other people because users won't get off their phones and have a conversation.
If you're from a place like Malta it's basically the only way to do IT and perhaps "escape" it later.

i live in a small midwest town and had the privilege of watching it slowly atrophy into near nothing over time. the steel mill closing, 2008 market crash, fentanyl crisis, covid, both shopping malls turning into liminal spaces frozen in 1994.

The real nail in the coffin was watching the Sears in the mall turn into a casino about a decade ago. Having failed their people at all other prosperities and futures, politicians turn to the last grift in their arsenal and roll out legalized gambling before packing up and leaving town or retiring.

having failed the digital future, ransacked it for every last penny, politicians again in 2025 turned to the supreme court to legalize online gambling and in doing so obliterate a generation of young adults. in another decade i expect a political movement to "hold these scoundrels to account" similar to Facebook, long after any meaningful reform or regulation could have been made and the industry itself is on the decline. just one last grift for the government that enabled it in the first place.