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by tokioyoyo 80 days ago
Almost nobody was betting in the black market before the legalization. Sure you obviously had some people, but friction was big enough where it was not worth it. Right now, there isn’t a single game where people are talking about the bets they made in NA.

Nothing should be black and white. Even for alcohol and drug abuse, we should look at each and evaluate.

2 comments

I don't know about Australia but there was an enormous amount of black market sports gambling in the USA before it was widely legalized. People who were unaware of this were just oblivious or led very sheltered lives. Broad legalization may have been a net negative for society but it's a complex issue.
define enormous? before it was legalized I knew one mate that was a gambler. I don’t have a friend anymore who does not sports gamble, hardly have relatives that don’t sports gamble. die-hard fans of teams now don’t give a hoot if the team wins (especially in the regular season)… not saying this is not a complicated issue but to say market was enormous is very much removed from reality
Yep it's hard to build a large liquid market for both sides of the bet without a central platform being legal. Look at polymarket as another example of things that people wouldn't bet on if a (legal in some countries) platform didn't exist.