The number of sports betting sites exploded during the coronavirus pandemic. This business, which relies on people with a gambling addiction, is legally all above board. But the sites are run by international companies that employ controversial methods.
How can this billion-dollar business, whose influence extends into the worlds of sport and politics, be stopped? The sports betting sector generates huge revenues and profits by exploiting some of the weakest members of society. With impunity. Around 37 million Euros worth of bets are placed every day in Europe. The market has grown 40-fold over the past 20 years.
This success isn’t a fad, but the result of a perfidious marketing strategy. Various platforms deluge the public sphere with betting incentives for every major sporting event: Continuous advertising loops, omnipresence on social networks, sponsorship of sports programs and football clubs, collaboration with sports stars and influencers. More and more people are becoming addicted to gambling because of this aggressive advertising. Some of them are driven to ruin, even suicide.
Most internet platforms belong to one of five multinational companies. They operate largely unnoticed by the public, and use their money to finance sports clubs and political parties. Like the tobacco industry, they also work to promote addictive behavior. In France, 60 percent of their turnover comes from people with problematic gambling behavior. The companies do not shy away from manipulation, and sometimes even intervene in legislation. Health science is sounding the alarm and calling for government action, but most European countries are ignoring the problem.
Filmmaker Linda Bendali examined the practices of sports betting providers in Germany, France, Britain and Spain. By what means do they lure their victims? Who supports them? What can be done to counter their growing influence? Are governments and sports clubs prepared to take robust action, even if it means losing millions of Euros?
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Game for losers, or a tool for some dodgy politician for money laundering or when they get caught stealing they will cry I have gambling addiction and they will get a away from prosecution.
gambling is prohibited in Islam… I am a Muslim , Join if you want to recover
Best way to avoid betting is keep your bank account balance 0
There is too much money in the taxes side of it for it to be stopped
I switched off when i saw the guy from The Guardian.
I have been starting to pay attention which ads i have been getting on mobile and fucking 8 out of the last 11 were sports gambling ads absolutely disgusting
Let me just tell you, hell is hot
How long until a major combined lawsuit from targeted players???
My story of online gambling: every Friday I got pay and come Monday I’m broke, there even some week I haven’t goer paid yet and my pay is gone already, I owe everyone I know
It defies common sense. In the UK betting shops take up prime space in most High Streets which pay rent, rates (property tax) employ staff, pay for fitting out and still, make huge profits. If you have a successful online account they close it down. Madness!
I don’t bet because I understand the subsequent addictions and dangers but this piece is even so eye opening beyond what I thought I understood about betting!
Desperation leads to ruin they target desperate people
When Flutter is Bigger than Tesco in the stock market 😮 Better to lose your money than Feeding.
I believe that Qatar world cup was influenced by betting especially the finals drawing
I think a billion is undermining . A trillion sounds more like it . Not only thousands of casinos and another 10 thousand online ones and the countless betting shops around the world .
Gambling companies are just evil
we make a contribution of 3.5bn pounds per year. We all eat a 2000 calorie per day… different industry, same excuses.
they target people with Credit card debt. The fight is truly in the mind these days. Guess who sells the information? the bank will make money with interest plus data.
They will eventually be banned a bit like cigarettes. Alcohol too
Gambling is a tax on people who are bad at math.