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David Sasaki's avatar

Natasha got a nice shout-out by Keith Humphreys in his recent interview on the Huberman podcast. Even though her book is dated, I read it last year and thought it was such a good read.

Peter Gerdes's avatar

This analysis seems odd, either gambling is just straight out bad and it should be banned or there is value in allowing people to gamble legally in which case you've only considered half the issue.

I mean if the reason it's more habit forming if people have many lines or they get to bet during the game is (partly) because it's more fun then we need to weigh the costs versus benefits. If you just pick whatever features make people most likely to gamble again you're just trying to stop gambling. Fair enough, but then why the rigamarole, just say sports gambling is bad and should be illegal.

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Personally, I don't see much advantage in allowing large wagers in sports gambling. I'd suggest that most of the upside comes from having a non-deminimus amount of money on the line (and maybe the thought I could win big) while most of the harm comes from larger dollar amounts. Moreover, capping the bet amounts from any given account and individual seems to be a relatively minor government imposition.

OTOH I'm very nervous about letting the government make choices about what kind of site design is allowed. Not only does it feel fuzzy and speech adjacent I doubt you can make it both effective and legally clear. I mean how exactly do you decide what counts as taking multiple lines versus complex sequences of bets? It's not that I feel there is a hugely important freedom interest here but if there is enough of one that the right answer isn't just 'no gambling' I think that would be better served by a simple rule about monthly betting limits than trying to have the government craft specific rules about the form of that gambling fast enough not to have the betting sites run circles around them.

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