Instant Settlement Series: The Gambling Industry

Somebody, somewhere, at some point decided they would destroy the competition by creating a barrier to entry. They made the barrier high so they could feel safe. It is logical to put a fence around your property, and perfectly fine to do so. The problem is when you put a regulatory fence over something that means you are not allowing anyone else to have a property like this. Just to make the distinction clearer a fence around your house is creating a cost for other people to get in the yard. A license to be able to have a fence is creating a cost for anyone to protect their yard. The harder to attain and costlier the license is the more people can’t afford it. The more people who…

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