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sports betting industry
Trends
- 1Online sports gambling addiction likened to crack cocaine●The addiction of online sports gambling: "Like crack in the '80s"
CBS News examines the rapid rise of online sports betting apps in the United States and the wave of gambling addiction accompanying it, with one comparison calling it "like crack in the '80s." The report highlights how easy access to wagering on phones has drawn in young men especially, prompting debate over whether regulators and the industry are doing enough to address the harm.
- 2Reporter Puts DraftKings Gambling Safeguards to the Test●Reporter tests DraftKings gambling safeguards
A reporter has tested the player-protection measures that DraftKings, one of the largest US sports betting operators, says it has in place to guard against problem gambling. The findings are prompting discussion about how effective self-exclusion tools, deposit limits and identity checks really are, and whether regulators should tighten requirements on the fast-growing online betting industry.
- 3Prediction markets pay players and leagues while fans lose out●As players and leagues win with prediction markets, fans left holding the bag
A new opinion piece argues that prediction and betting markets tied to basketball are enriching players and leagues while fans bear the losses. The author contends the economics of these markets favor insiders, leaving ordinary supporters financially exposed as the industry expands around the sport.