Chase debt roulette

Broader data from Pew Research and more anecdotal studies like Coffeezilla’s exploration of the betting industry have begun to lay bare how bad the US’s gambling problem is. Other than investing in growth stocks, I’m not much of a gambler. It always seemed strange to part ways with money knowing full well you might lose it all, but that’s just me. Platforms like Kalshi and Polymarket have carved out enormous positions in “prediction markets” in what I view as a sanitization of gambling.

This got me thinking about more standard financial platforms like credit card providers. What if there were a way for you to make a small bet with the potential to reduce your outstanding balance? This is very, very dark, as the house always wins and this would have to be the case for Chase to make money. I don’t think this is legal, but if it were I could 100% some companies implementing this.

To make my position abundantly clear, this idea is bad. It’s unhinged, but also would exacerbate a growing train in the slow roll of everything turning into an event you can bet on.

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