The U.S. already has a gambling epidemic—24 hour stock trading would only make it worse [Yahoo! Finance]
GameStop Corporation (GME)
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Source: Yahoo! Finance
show an increase in the incidence and prevalence of gambling addiction, and nearly every state has seen increased demand in recent years for treatment services for gambling addiction. The National Council on Problem Gambling estimates that approximately 2.5 million adults in the U.S. are severely addicted to gambling. Now, unless regulators act, the same factors that got Americans addicted to sports betting may get Americans addicted to stock trading. These factors are technology and availability. Technology allows firms to use tailored push notifications about stock prices and other behavioral prompts to target individual investors and induce them to trade excessively . These technological advancements would be worrisome enough in their own right, but now the SEC is poised to allow stocks to trade around the clock . The use of advanced technologies that can help financial firms induce frequent trading by retail investors, combined with the ability of retail investors to trade at
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GME
Earnings
- 12/10/24 - In-Line
GME
Sec Filings
- 12/10/24 - Form 10-Q
- 12/10/24 - Form 8-K
- 12/5/24 - Form 3
- GME's page on the SEC website