Sports Betting Apps Are Even More Toxic Than You Thought.

Online sports betting apps are more harmful than previously thought, according to a Bloomberg Businessweek article. Professional bettors face challenges in finding places to wager large amounts of money, but they have found ways around this, such as using surrogates or making normie bets to raise their limits. Pro bettors have also started simulating addictive behavior to receive bonus money and keep their accounts open. Studies have shown that online sports betting is driving an increase in rates of irresponsible gambling and causing financial damage to many Americans. State regulators can take steps to curtail the damage, such as leaving casino games to brick-and-mortar establishments and banning practices like assigning VIP hosts to encourage excessive gambling. [Extracted from the article]