@WALLACHLEGAL Seems it isn't a crusade against "gambling" (except WA). It's protectionism and regulatory capture on behalf of the legacy sportsbook oligopoly. States made the Faustian bargain. They need to keep their citizens losing so they can collect their vig.
We ran a study on over 2 million markets to evaluate their calibration. To our knowledge, this is the largest replicable study on this topic.
Here are the results: 🧵
Another word the Singularity needs:
paradisepilled
adj. /PAIR-uh-dice-pild/
Convinced that humanity does not need to perfect itself before it deserves abundance, transcendence, or the stars. Build paradise first. Better humans can follow.
The conventional story says we must fix human nature before gaining godlike technology. Become wise, peaceful, and virtuous first, then earn the future.
The paradisepilled view reverses the order. Scarcity, insecurity, and zero-sum competition are part of what make people behave badly. Remove those conditions, expand the frontier, and give humanity room to become better.
As Captain Sisko put it: “It’s easy to be a saint in paradise.”
The mistake is treating sainthood as the entrance requirement for paradise rather than one of its possible consequences.
Abundance first. Saints later. Stars now.
Higher alcohol taxes do not always produce the outcomes policymakers intend.
Recent reporting highlights an important lesson from markets including the Czech Republic, South Africa, and the United Kingdom: when excise taxes rise too aggressively, governments can see consumers shift toward illicit alcohol, cross-border purchasing, and unrecorded channels, while tax receipts can still decline.
Responsible alcohol policy should protect consumers, support legitimate businesses, and generate sustainable government revenue. Tax structures that push legal products out of reach can instead create openings for illicit trade, counterfeit products, and unsafe alternatives.
The better approach is balanced, evidence-based taxation paired with strong enforcement and a well-regulated legal market.
For American whiskey, fair taxation is not just a competitiveness issue. It is also a consumer-safety and market-integrity issue.
#AmericanWhiskey #Trade #TaxPolicy #IllicitTrade #MarketAccess #ConsumerSafety #SpiritsIndustry
Aren’t weather patterns and storm prediction important for energy traders and other commodities markets? And wouldn’t tons of small businesses - particularly in seasonal summer destinations - love to know if it’s going to rain on Tuesday? A rainy weekend in the summer could determine whether a beach cafe finishes the year in the black or not.