John Stossel: Stop Thinking of Betting as a Vice

Recently, National Basketball Association
commissioner Adam Silver became the first major professional sports
commissioner to endorse legalizing sports betting. Silver writes,
“There is an obvious appetite among sports fans for a safe and
legal way to wager.”

But bills to legalize betting go nowhere in Congress. John
Stossel argues that legalization efforts might get farther if we
stopped thinking of betting as a vice and instead recognized that
it’s a useful part of rational decision-making. There’s knowledge
to be tapped in people’s heads about what will happen next, and
markets, as usual, are the best way to unleash that wisdom.

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