By Jonathan D. Cohen and Isaac Rose-Berman
Mr. Cohen is the author of “Losing Big: America’s Reckless Bet on Sports Gambling.” Mr. Rose-Berman is a fellow at the American Institute for Boys and Men.
If it feels as if gambling is everywhere, that’s because it is. But today’s gamblers aren’t just retirees at poker tables. They’re young men on smartphones. And thanks to a series of quasi-legal innovations by the online wagering industry, Americans can now bet on virtually anything from their investment accounts.