Agreed wholeheartedly. We have jumped.the shark. How much longer until these apps allow wagers on mundane things like "amount of rain in Manhattan today" and "color of first car to enter Starbucks drive through in Waukesha"
I think we need to eliminate credit, all bets need to be prepaid with checking accounts, and each person should be limited to a set amount ($1000?) in bets unless registered as a professional bettor, in which case the IRS tracks all winnings.
Good thoughts! There's an existing analog for this "professional bettor" concept, too: the "accredited investor," who is allowed to invest in early-stage companies and securities not registered with the SEC—but who must first meet elevated financial or professional requirements.
Agreed wholeheartedly. We have jumped.the shark. How much longer until these apps allow wagers on mundane things like "amount of rain in Manhattan today" and "color of first car to enter Starbucks drive through in Waukesha"
I think we need to eliminate credit, all bets need to be prepaid with checking accounts, and each person should be limited to a set amount ($1000?) in bets unless registered as a professional bettor, in which case the IRS tracks all winnings.
Good thoughts! There's an existing analog for this "professional bettor" concept, too: the "accredited investor," who is allowed to invest in early-stage companies and securities not registered with the SEC—but who must first meet elevated financial or professional requirements.