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How are these betting sites even legal I thought betting was illegal in most states
You're not betting, see? You're buying/investing in a "futures contract" in an open market and there's no house edge!
TL;DR it's gambling but structured in a way that evades current regulations.
Nope, sports betting was decriminalized a few years ago. And everything got so much worse.
Especially since they also legalized advertising for gambling services.
"Oh don't worry, just include a disclaimer about gambling addiction and seeking help and I'm sure everything will be fine..."
...while they promise free money and instant wealth to some of the most vulnerable and impoverished people in the US...
And... hate to say it, but there are a lot of people with 80-90 level IQ in the US. Many of them struggle with things like projecting forecasts, longterm planning. They are extremely vulnerable to these manipulative marketers.
Stock markets are legal in most states, so betting is legal in most states if you do it in a way rich people like.
The Internet is global.
I'm worried about how few people understand this.
I can't recall whether he discusses the legality of it, but YouTuber Drew Gooden has a video where he provides a lot of information about online gambling.
https://youtube.com/watch?v=DlMLfxxvKD8