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.

> 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.

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.