Sports Betting Is Taking Over Young Men’s Time—And Money

Key Takeaways Sports betting has exploded in popularity since it was legalized in 2018—especially among young men, who studies say are spending increasing amounts of time and money gambling. Several academic studies suggest a range of negative financial consequences from the introduction of online sports betting, including increased bankruptcies, lowered credit scores, and increased debt…

Ex-Controller Charged in $680K Theft Tied to Gambling Debt

A former Midland employee is in serious trouble after allegedly stealing over $680,000 from his workplace to cover gambling debts. $683,000 in Unauthorized Transfers Revealed  J.M.B., 48, has been arrested and charged with a first-degree felony for theft over $300,000. In Texas, that’s as serious as it gets. If convicted, he could be looking at…

The World Needs Radical Debt Transparency

Over the past two decades, many developing countries have made remarkable progress in reducing poverty, expanding access to education and health care, and investing in infrastructure. These gains were the result of sound national policies and coordinated efforts by the international community, often financed through responsible borrowing. But the road ahead looks more precarious. Debt…