Sports betting and prediction markets take real people and events and turn them into numbers on a screen, dehumanizing them and turning them into vehicles for profit. The harms of sports betting are well documented and researched; you can’t step foot into a Las Vegas casino without seeing a “When the Fun Stops” brochure prominently displayed on an ATM.
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While sports gambling is legal in 38 states, with two more expected to launch later this year, Texas is one of the few where it is illegal and punishable as a Class C misdemeanor with a maximum fine of up to $500 — at least for now. Texas sports betting on trending apps will have to wait until at least 2025, but with the rapid growth, the gambling world isn’t waiting to enforce cognitive habits that lead to splurges.