Personally I think these companies suck. Just need more work to make a strong good faith argument about it.
Gambling (and some other industries, in particular alcohol) come out so bad on this metric, you can practically let the industry define excessive use themselves. In order to claim most of their money comes from "healthy normal entertainment use" or similar, they'd have to claim absurd things, such as that drinking a bottle of whisky per day or spending your entire paycheck each month on slots can be healthy, normal use.
The common industry explanation is that this is because they would be unprofitable if they allowed "winners" to keep betting, which tells you everything you need to know. These businesses can only exist because they're allowed to skew the odds in their favour. Eliminate this unfair practice and the problem goes away on its own.
[1] https://www.theguardian.com/society/2022/feb/19/stake-factor...
I also find the common implementation of in-play delay poor. The way it generally works is a delay is applied before confirming the bet, anything which changes (including pricing) causes the bet to be rejected. The main reason for this is that the traders sometimes only have access to something like sky sports so their feed is quite far behind someone at the stadium. I feel like in reality it should be based on official timings.
Betting $25 on a game hijacks something in my brain that treats it like a fun problem to solve. It gets me interested in teams that I’d otherwise have no interest in. I’ve been betting on sports since the days of offshore betting sites and I can’t say I’ve ever lost or gained more than a few hundred dollars a year.
I’m an adult and I enjoy being able to gamble on sports. It’s never been a problem for me and I suspect it never will be because of the way I do treat it, strictly something to be done for fun.
I grew up in a household where family members also went to casinos and bet on sports responsibly so it was drilled into my head that you can’t ever beat the house and you should never bet what you couldn’t afford to lose.
What business do you have telling me what I’m allowed to do with my own money for fun?
What business do you have telling everyone your personal experience justifies the horror others experience?
If you couldn't put down that $25, would you really not be able to find some other way to entertain yourself?
People like to gamble we need it legalized with reasonable regulations.
What my big problem is that Wall St and the wider market seems to be trending to the least ethical companies (Kalshi, Polymarket, Bettr) are running unregulated gambling operations, providing 0 tax money to offset societal costs and are denying what they’re offering is gambling at all and even promising you can make money off it.