The Aporia
Since sports gambling was legalized beyond Nevada in 2018, the amount of money legally wagered on it has surged to $167 billion annually. However, states that have allowed online sports betting have seen a rise in bankruptcies and credit card delinquencies by about 25%. CBS News correspondent Jim Axelrod highlights how FanDuel and DraftKings, two major platforms for online gambling, interact with their customers and are currently facing lawsuits over the design of their platforms, which critics argue is similar to exploiting addictive behaviors seen in the crack epidemic of the 1980s.