.@johnarnold says that gambling, like marijuana and porn, has become both more intense and easier to access, and wonders what regulation could actually look like. "The scary thing today is that there are a number of products that have been innovated to be of higher intensity and easier access than what they've ever been in the past." "The challenge is regulation lags on those." "Think about marijuana. The marijuana of 20 years ago is very, very different than it is today. And the access is much more available today." "Think about pornography. The intensity of porn today is very different. The access today is very different." "Gambling is the same way." "Historically, you either had things that were high friction and high speed of play, like slot machines. Where you'd get on a plane to the casino, sit down, and pull the arm of the slot machine." "Or you had something that was low friction, like buying a lottery ticket at the supermarket. But it's low speed of play. I buy my ticket, I wait eight hours or three days, and I find out whether I won or not." "So the question is, what's the right way to allow access to products? I think we need to be careful about banning access to products. But what are the right and smart guardrails to put on them?" ▻
published
.@johnarnold says that gambling, like marijuana and porn, has become both more intense and easier to access, and wonders what regulation could actually look like. "The scary thing today is that there are a number of products that have been innovated to be of
Open the original public source →
Latest documented BWB result
See Billy's timestamped results and follow-through.
Review the latest gains posts, original timestamps, and proof images published by Banking With Billy.
Historical results are not a promise of future performance. Trading involves substantial risk.This public post is a timestamped information archive, not personalized financial advice. Alerts can change as markets move. Join Billy's private group for the complete daily stream and follow-through.
