If a young generation of sports fans are indirectly told by their news sources that sports betting is an exciting and fun medium for making possible large gains, they have no other reason to question such messaging. Since a large majority of people who follow these accounts are between the ages 16 and 24 — ages at which most are not even allowed to bet — there's a much higher likelihood that this constant promotion will lead to potential gambling addictions in these younger sports fans.
Read MoreSince its IPO on Wednesday, Oct. 20, at $10 a share, Digital World Acquisition Corp. (DWAC) has seen a meteoric rise in value and popularity. This past week, it was one of the most traded stocks on the New York Stock Exchange (NYSE). It had a volume of more than 90 million and soared to $175 a share, well over a 1000% increase in a single day.
All this leads to the question: How is an obscure media company with a market cap of only $2 billion one of the hottest new stocks on Wall Street?
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