Addiction Markets

Tax advertising for gambling? Require all advertising for gambling to go through a state agency? There is lots a state can do besides banning.

Yeah but banning them is the right thing to do. Why would you have a state agency review gambling ads?

I imagine outright banning would create a fairly large grey market. The objective should be harm reduction, as eradication would be basically impossible.

The discussion is about banning the advertising of gambling, not gambling itself.

There won't be a large grey market for advertisements.

> Tax advertising

That move alone would make a big dent in many of the major problems of modern living.

Wanna bet?

Try regulating that on the internet, or walk down a construction sight in Manhattan, there are illegal ads all over.

There is big difference in signaling of social acceptability with advertising existing e.g. as main sponsor of the superbowl vs. existing as Stake logos on social media videos.

I think we just disagree about the definition of "large" in this context.

The market for what you mention is less than 1% the legal market.

Easily solved.

If someone shows the regulator an ad for fanduel that shouldn't exist, they pull their permit to operate.

We have already seen that you can ban ads pretty effectively. I can't remember the last time I saw a cigarette ad, hell, where I live you can't even display them openly in stores, I can't even recall the last time I saw a cigarette logo.

I have yet to see any 'grey market' cigarette ads.

Prevent false claims, educate people on the foolishness of parleys?

Look at regulated advertising / marketing on tobacco products as examples.

No ads on TV/Radio. Mandated warnings. In some countries, packaging must carry prominent health warnings, in some cases excluding virtually all branding (Australia, for example).

That along with high taxation, smoking cessation programs, legal proceedings against tobacco companies, restrictions on retailling, etc., have drastically reduced smoking rates in many countries.

<https://en.wikipedia.org/wiki/Tobacco_smoking#Public_policy>

Prior to the 1830s, advertising was apparently very heavily taxed in the UK, though I know very few details about this, the reasons why, or what occurred to change this.