this post was submitted on 06 Mar 2026
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Political Memes
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This seems like a great argument to just never use the under-regulated betting markets.
I don't like gambling. I worry about regulation driving it underground, though. I'd rather just see winnings taxed heavily, immediately and without exception or deduction. Invest it in social safety nets and it's effectively forcing the winners to share their loot with the most vulnerable of the people they're victimizing.
That doesn't really address people betting on horrible things and then making them happen.
Also "it will just go underground" is still kind of a win? The average person isn't going to navigate sketchy underground arrangements, but they'll find a slick website with good SEO.