The recent fiscal downturn forced cash-strapped, tax-averse state lawmakers to seek unconventional revenue- raising alternatives, for additional revenue-raising opportunities outside of the income, sales and property taxes that form the backbone of most state tax systems. One of the most popular alternatives to those major revenue sources is state-sponsored gambling. As this policy brief points out, however, gambling revenues are rarely as lucrative, or as long-lasting, as supporters claim.
“Stock market casino: the rising stakes of ‘gamified’ investing” | Financial Times
November 10, 2026
By Stephanie Stacey As investment sites and prediction markets merge, investors are more vulnerable than ever. Retail trading platforms like