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Fortune
Fortune
Benjamin Schiffrin

The U.S. already has a gambling epidemic—24 hour stock trading would only make it worse

In 2018, the Supreme Court legalized sports gambling. Six years later, gambling addiction is approaching a national epidemic. Numerous state surveys show an increase in the incidence and prevalence of gambling addiction, and nearly every state has seen increased demand in recent years for treatment services for gambling addiction. The National Council on Problem Gambling estimates that approximately 2.5 million adults in the U.S. are severely addicted to gambling.

Now, unless regulators act, the same factors that got Americans addicted to sports betting may get Americans addicted to stock trading. These factors are technology and availability.

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