THE AUDACITY: Predatory Sports Betting Apps Are Draining Young Men Of Real Wealth
The Fortune (Race & Business) reports:
Because corporate greed always finds a new victim, sports leagues and betting apps teamed up to trick young men into gambling away their financial futures. They packaged predatory debt as sports culture, and now they are acting surprised that people are losing everything.
‘This is a money-losing proposition for most of these individuals’: Americans are draining stock portfolios to shovel more money into sports betting. Amid the growing lure of sports betting, Gen Z men in particular face a growing risk of financial disaster, experts say.
Corporate empires got rich selling sports gambling as culture and youth empowerment while leaving a generation broke. Keep your money and let the suits gamble on their own demise.
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