On Wednesday, April 19 at 19:30 GMT:
Sports activities betting has grown in recognition throughout sub-Saharan Africa lately, with the rise of cell cash apps and on-line betting platforms making it even easier for folks to gamble.
However as betting corporations reap earnings in markets throughout the continent, researchers, psychologists and playing assist teams warn that the convenience with which individuals can place bets is pushing many into life-altering debt and harming their psychological well being.
A current research led by researchers in Ghana, Malawi and the UK discovered that governments throughout sub-Saharan Africa are failing to satisfy the challenges posed by speedy enlargement of each betting outlets and on-line playing platforms. The group discovered that solely two out of 41 nations they surveyed had printed experiences into the social and financial impacts of playing.
Betting corporations have invested closely in promoting aimed toward tempting folks to gamble for a greater future, prompting requires tighter authorities regulation of the playing business. In nations equivalent to Kenya, Uganda, and South Africa the place there may be excessive unemployment and an absence of safe job prospects, sports activities betting is more and more seen as a technique to get cash to make ends meet – and even generate life-changing earnings within the occasion of an enormous win. In some instances, customers have positioned on-line wagers utilizing funds from third-party lending apps, trapping them in a debt spiral within the occasion of a dropping guess.
On this episode of The Stream, we’ll have a look at the rise of sports activities betting in sub-Saharan Africa and its affect on people and households.