In an interesting twist, there is a legal case which essentially parallels the point of view expressed by Mezrich and others. A group of investors filed a class-action lawsuit against one of the most recognizable investment companies, Vanguard, because two of their mutual funds had invested in offshore gambling companies. Their claims were dismissed by the judge who cited how it was the U.S. …show more content…
Ironically, that is a positive argument in favor of legalization as the industry isn’t the “crack cocaine of gambling” as many critics would have suggested. Dr. Sally Gainsbury, an Australian psychology researcher at Southern Cross University, has published research which refutes the conventional wisdom regarding Internet gambling. Thus, she concluded that “Internet gambling participation was not predictive of problem gambling severity,” in her paper, “Online Gambling Addiction: the Relationship Between Internet Gambling and Disordered