Bad for everyone
Gambling whether on-line or physical has no good outcome for anyone. It’s a stupidity tax.
The Philippines has decided to dismantle the worst of its offshored industries: the bits that run gambling and scam operations. President Ferdinand "Bongbong" Marcos Jr on Monday Xeeeted instructions to the country's gaming agency, Philippine Amusement and Gaming Corporation (PAGCOR), to "wind down and cease operations" of …
Oh, come on, *some* people make a fortune out of it...
https://en.wikipedia.org/wiki/Denise_Coates
https://en.wikipedia.org/wiki/Bet365#Regulatory_Non-Compliance
https://en.wikipedia.org/wiki/Bet365#Refusal_to_Pay
https://en.wikipedia.org/wiki/Betfair#Winning_bets_voided
https://en.wikipedia.org/wiki/Betfair#Illegal_dividends
https://en.wikipedia.org/wiki/Betfred#Regulatory_action