Professor John Kindt explores the idea of states bringing lawsuits against predatory gambling operators, a strategy that worked over time with the tobacco companies. Kindt writes: “Owing to costs created by new addicted gamblers, bankruptcies, and crime once gambling is legalized, some have argued that gambling establishments should be held liable for the costs they place on society.”
REPORT: “Sports Betting Across Borders” | Federal Reserve Bank of New York
June 2, 2026
By Jacob Goss & Daniel Mangrum “Sports Betting Across Borders: Spatial Spillovers, Credit Distress, and Fiscal Externalities” ACCESS REPORT HERE