And while not explicitly gambling, free trading apps such as Robinhood have gotten an increasing number of ordinary people into investing — for fun, to alleviate boredom, to try to make some extra cash.
There’s a cultural component: In the '80s, young men were fed movies like “Wall Street,” shown flashy cars and money, and told that greed is good.
Now he doesn’t have those responsibilities and can direct disposable income toward whichever stock he just saw recommended on Reddit or a bet on whether the next pitch in a baseball game will be a ball or a strike.
It shows up in movies like “Dumb Money,” about the GameStop phenomenon, or “This Is Not Financial Advice,” a documentary about dogecoin where the protagonists are portrayed as Davids against Goliaths — hedge funds, but also the economic system at large.
In the state, which pushed to have the federal law prohibiting sports betting overturned, calls to its problem-gambling hotline tripled in five years, with people 25 to 34 being the likeliest to reach out.
At least a sports-betting app will nudge someone to slow down if they go too far — there are virtually no protections in place if your day-trading habit gets out of hand, and many people don’t even realize that what they’re doing really is gambling.
The original article contains 1,508 words, the summary contains 219 words. Saved 85%. I’m a bot and I’m open source!
This is the best summary I could come up with:
And while not explicitly gambling, free trading apps such as Robinhood have gotten an increasing number of ordinary people into investing — for fun, to alleviate boredom, to try to make some extra cash.
There’s a cultural component: In the '80s, young men were fed movies like “Wall Street,” shown flashy cars and money, and told that greed is good.
Now he doesn’t have those responsibilities and can direct disposable income toward whichever stock he just saw recommended on Reddit or a bet on whether the next pitch in a baseball game will be a ball or a strike.
It shows up in movies like “Dumb Money,” about the GameStop phenomenon, or “This Is Not Financial Advice,” a documentary about dogecoin where the protagonists are portrayed as Davids against Goliaths — hedge funds, but also the economic system at large.
In the state, which pushed to have the federal law prohibiting sports betting overturned, calls to its problem-gambling hotline tripled in five years, with people 25 to 34 being the likeliest to reach out.
At least a sports-betting app will nudge someone to slow down if they go too far — there are virtually no protections in place if your day-trading habit gets out of hand, and many people don’t even realize that what they’re doing really is gambling.
The original article contains 1,508 words, the summary contains 219 words. Saved 85%. I’m a bot and I’m open source!