A new wave of compulsive gamblers has emerged in recent years, with many becoming addicted to the high-risk world of stock market trading. Particularly prevalent among men, the rise of trading addiction can be traced back to the 2020 pandemic boom, which attracted many new participants with the allure of viral stock sensations, cryptocurrencies, and options trading. The growing accessibility of trading through apps like Robinhood has led to an increase in compulsive behavior, with some individuals even seeking help through groups like Gamblers Anonymous. Experts predict that the problem is likely to intensify as financial markets continue to offer new and riskier ways to invest.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A new wave of compulsive gamblers has emerged in recent years,
00:05with many becoming addicted to the high-risk world of stock market trading,
00:08particularly prevalent among men.
00:10The rise of trading addiction can be traced back to the 2020 pandemic boom,
00:14which attracted many new participants with the allure of viral stock sensations,
00:18cryptocurrencies, and options trading.
00:20The growing accessibility of trading through apps like Robinhood has led to an increase
00:24in compulsive behavior, with some individuals even seeking help through groups like Gamblers Anonymous.
00:29Experts predict that the problem is likely to intensify
00:32as financial markets continue to offer new and riskier ways to invest.