pull down to refresh
69 sats \ 8 replies \ @Undisciplined 21h \ parent \ on: Why prop bets are ruining sports Stacker_Sports
Incentive problems can only be fixed by fixing the incentives.
A zero-tolerance policy from the leagues (i.e. one strike and you're banned) plus more financial rewards for winning, would make this kind of behavior prohibitively costly for most athletes.
Is there any evidence that the equilibrium is even suboptimal? It may be that the net demand for gambling (which includes any fixing going on), simply outweighs whatever financial value stakeholders place on athletic integrity. No one's forcing fans to watch the games, or the leagues to make deals with the betting companies.
reply
Exactly. If the leagues start perceiving losses they’ll change the incentives.
Fans who don’t like gambling will presumably not like the equilibrium state though.
reply
I mean, I'm sympathetic. I hated how online micro transactions turned my beloved NBA 2k into a loot box hell circa 2019, but I think they got the message and toned down some of that stuff. If gambling gets out of hand, the leagues are already sufficiently incentivized to respond. It feels like they're already on the cusp of that, with even a lot of players complaining about it. Just gotta avoid jumping the gun to government regulation as a solution
reply
The problem is that there will almost certainly be a moral panic over this. Isn’t Congress already convening hearings about it?
reply
Haha loot box hell
reply