The ubiquity of sports betting (and now online prediction markets) is a symptom of an unhealthy society, and does not portend good things down the road…

“Gambling is flourishing because it meets the needs of our moment: a low-trust world, where lonely young people are seeking high-risk opportunities to launch them into wealth and comfort. In such an environment, financialization might seem to be the last form of civic participation that feels honest to a large portion of the country. Voting is compromised, and polling is manipulated, and news is algorithmically curated. But a bet settles. A game ends. There is comfort in that. In an uncertain and illegible world, it doesn’t get much more certain and legible than this: You won, or you lost.”