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androidsixteen
@androidsixteen.eth
The majority of people in the world (I’d guess 95%+) are indifferent to or dislike speculation If you make products that are explicitly around financial speculation, you cede a massive TAM But it’s unclear how to win real users. So the industry accepts the local maxima — higher floor, lower ceiling
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jp 🎩
@jpfraneto.eth
i disagree with this. the practical example that serves as a contradiction is the tshirts of the major soccer (most popular sport) teams down here in chile. they are all sponsored by websites where you can speculate on sporting events. that’s where the money that fuels one of the main mainstream circus (soccer) nowadays come from, because that money flows back to those systems. people want to gamble 95% of us love the perspective of easy money
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androidsixteen
@androidsixteen.eth
I thought about sports betting as a counterpoint to this, but I think it’s a bit unique because of its proximity to culture Gambling feels sleazy while sports betting feels fun — I think this is why socially it’s become less taboo as well We all want easy money, and to be right, but within the confines of what’s considered socially acceptable Also why crypto has a bad image — it ignores “the line” that society draws because society has no clear way to stop it
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Stuart
@olystuart
People I know irl talk shit about both crypto and sports betting, they think all gambling is a scam basically. So while that is mainstream I wonder what the % of people is
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J. Valeska 🦊🎩🫂
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the first obvious difference is the time, sports betting has been existing long time ago, everyone tried to predict a result of an sports event the second one is the amount to invest.. 1 dollar bet can make millions and doing one dollar bet every week is $52.. (even less, football has 38 weeks) this was the pattern before internet.. and it was the state (gov) who was in charge of sports betting in the past (here).. government approval and government control was first.. today.. with internet.. it was open to some private companies (not a real open market..) and they earn billions.. with this oligarchy.. even sponsoring football teams and with ads in the top events.. but.. ads in games.. were banned, here.. football should not promote betting.. there are kids watching sports.. and betting with a credit card and internet is not the same as $1 bet per week.. the former can destroy lifes, so, social acceptation is decreasing.. and it is part of the political agenda.. this is why we should not fall there
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