“We Are In an Era of Warped Entrepreneurship,” Says Makunda
A New York Times investigation revealed that DraftKings utilized a machine-learning model to identify and target problem gamblers for financial gain. Critics are calling for increased regulation to address these predatory business practices.
A New York Times investigation found that DraftKings Inc. built a machine-learning model that scored customers by how much they would lose for each free bet or bonus they received. The model raised concerns that the company was targeting problem gamblers, with a data analyst saying "the best investment would be a problem gambler" due to financial logic. Bloomberg News Opinion Contributor and Lecturer at Yale School of Management, Gautam Mukunda argues regulations against predatory capitalism…
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