He actually cannot stop. He's really addicted to this. This case is an important first step in holding these gambling platforms accountable. Gambling addiction in minors is steadily increasing, and it's not happening by accident.
The remote casino sector, which is industry jargon for online gaming, is the undisputed heavyweight champion of the market. It quietly overtook traditional sports betting a few years ago and hasn't looked back since.
From Plato to Charles Barkley, great minds have warned about the destructive power of gambling. The way societies have usually managed the vice is to cordon it off. It's legal, but contained to disreputable places, such as red-light districts, riverboats, and Nevada. This was true in much of the United States until 2018, when a Supreme Court ruling opened the door to legalized sports betting nationwide.
Before you read any of this, use this article for entertainment purposes because it discusses risky gambling in a hedge against buying tickets to see your Washington Nationals. This idea came from Twitter/X's, Crabcakes&Football, an account that frequently gets salty about the Nats. And that account certainly isn't alone in the growing pessimism. A discussion with constant curmudgeon, @dclandofnerds, led to an X.com discussion (see below) that led to this article.
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BJK tracks the MVIS Global Gaming Index, giving investors a single-ticker way to own the full gaming value chain. The top five holdings represent 34% of the portfolio, spanning gaming REITs VICI Properties and Gaming and Leisure Properties, Australian manufacturer Aristocrat Leisure, Macau operator Galaxy Entertainment, and Las Vegas Sands. The fund also carries exposure to sports betting through Flutter Entertainment and DraftKings, plus lottery operators and gaming software developers.
I am not, by temperament, a gambling man. As a suburban dad with four kids, a mortgage, and a minivan, I'm more likely to be found wrestling a toddler into a car seat than scouring moneylines or consulting betting touts. And as a practicing Mormon, I am prohibited from indulging in games of chance.