2026-04-28 12:41:27
Buffett Lumps Prediction Markets With Sports Betting in ‘Tax on Stupidity’ Rebuke
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Warren Buffett used his first sit-down interview since stepping down as Berkshire Hathaway CEO to bundle prediction markets, legalized sports betting, and day trading into a single critique, calling state-sponsored gambling a “tax on stupidity” that quietly subsidizes wealthy Americans – a take which is now receiving renewed attention on social media, having been originally