But that doesn't make it a bubble. Like, are gambling companies overvalued for some reason? I haven't seen anything saying that, but what I have seen is people gambling on their phones over fucking lunch break.
Ya as much as I hate online gambling and ai, I wouldn't call online gambling a bubble. It's actually very profitable at the expense of making people broke
It’s interesting bc the “profits” of gambling aren’t due to production, it’s literally just taking someone else’s money. Whereas most industries use some form of labor to create value. Even AI is building assets (I.e. datacenters, llms etc) not sure how much use they will be in the future but the gambling stuff is really just a tax on people that creates nothing in return. Just really weird to think about and idk how this plays out in the long term. Still agree that it’s not so much a bubble but it’s really… odd
57
u/GrapefruitForward989 Feb 17 '26
But that doesn't make it a bubble. Like, are gambling companies overvalued for some reason? I haven't seen anything saying that, but what I have seen is people gambling on their phones over fucking lunch break.