Part 6/10:
American society has long maintained a complex relationship with gambling, from horse racing to illegal sports betting. The Supreme Court's 2018 ruling legalizing sports betting rekindled the gambling fever, with a spike in household investments in stocks compared to this newfound form of entertainment.
As the pandemic forced many into lockdown, a surge of day trading emerged, with platforms like Robinhood drawing in millions of inexperienced traders. Reports surfaced of a young man ending his life after incurring a huge debt through leverage trading, emphasizing the tremendous risks associated with this new trend.
Understanding the Psychology of Speculation