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I live in IL, and digital slots have taken over so many spaces. Online sports betting is bad enough, but more than that is going on.

Not just bars, but restaurants. Places you might take a date for nice Italian food have little corners with digital slots. Gas stations, Taco joints, sometimes an entire business in a strip mall dedicated to digital slots.

It's insane. The only place like it I'd seen prior to a some years back was Nevada. Businesses must be making crazy money off of them to be so prolific in putting them in, and that money comes from somewhere (i.e. not likely to be casual players).

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I don't think that article supports your claim that bad bets in political markets aren't causing measurable increases in bankruptcy and domestic violence rates. It only tells us about online sportsbetting, and it was written in 2024 before prediction markets really took off. If anything, it provides evidence weakly in favor of the argument that bad bets in political markets would negatively affect the bettors.
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Likely because this type of betting is still niche. Give it some time.
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Sports gambling a few advantages over any other subject that seem near insurmountable to me:

- it has the semi-respectable veneer of something that normal people have done throughout human history

- it has completely parasitized existing sports media to target new users in ways that aren't available for other topics

- some variant of 'sports' is happening 24/7/365 with enough prop bet granularity to capture the full attention and disposable income of addicts. There's an ongoing controversy with a star college football quarterback who was going to MLB games to place bets on every single individual pitch.

You can basically think of gambling addicts as a finite resource that these different companies are competing for. Many people get addicted to lootbox/gacha games at an early age, and even larger portion are already deep in sports gambling. The target demo for non-sports prediction markets roughly matches to people in earlier times who got into commodities futures or optimal strategies for casino games (which clearly existed but never at a scale to rival what we see with sports betting right now).

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