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Some fintech apps try to rein in addictive components to investing, but face their own problems. Jan. 30, 2021, 6:00 AM ESTBy Cyrus Farivar While the broader public may have gotten its first glimpse this week of the troubling and addictive nature of trading apps like Robinhood, gambling experts, finance watchers and even rival trading apps have long been thinking about how to address these problems. “The online day trader with problems is indistinguishable from the online gambling addict,” said Keith Whyte, the executive director of the National Council on Problem Gambling, … Read More »
What do Tiger Woods, Michael Jordan, Charles Barkley and Floyd Mayweather, Jr. all have in common? They’re sports super-stars, of course. But they’re also something else: Hard-core gambling addicts. Which means they’ve also lost a ton of money– much of it betting on sporting events. Mayweather, Jr. regularly gambles as much as $400,000 on college football games. He reportedly once won $3 million on a single Orange Bowl contest. But his biggest bet – and loss — came in 2014, when he wagered $10 million that the Denver Broncos would … Read More »
Availability of gambling through mobile app has addiction experts concerned by: Ian Costello Posted: Sep 5, 2019 / 12:05 PM PDT / Updated: Oct 1, 2019 / 11:55 AM PDT PORTLAND, Ore. (KOIN) — The wait for the NFL season is over and heavy gambling is coming along with kickoff. The 2019 campaign starts Thursday evening as the Green Bay Packers travel to take on the Chicago Bears. A full slate of games is scheduled for Sunday. According to a study released this week by the American Gambling Association, an … Read More »