This New Money Trend TERRIFIES Us | Ask Money Guy

So here I am sitting on my front porch in my favorite rocking chair about to scream at the sky about this terrifying new money trend. Right now, I am so excited to talk about this because I feel like this is one that we can stave off. I feel like this is one that we can get ahead of because it's not uncommon all the time. We've seen, like, weird things happen in the world of investing and interesting products and sort of things pop up. But this one is especially concerning because I think it's hitting a very vulnerable part of our population. Well, let let's go ahead and let everybody in on it. So here here's the headline, guys, is Robinhood is rolling out NFL essentially gambling Mhmm. And prediction markets on their platform. What what really troubles me about this, we got some data we'll go into on it, But it's you think about if you've really taken Robinhood serious and this is going to be your your account that you're going to set up your financial independence building, do you wanna really lay it next to the gambling money? Like, every time you go check, you just see it. Right? Because it literally is set up. We we have a we have, we have folks on staff who opened up. They they have Robinhood accounts. They roll down, and it's like your investment accounts. And then I think there's the crypto, you know, taglines. And then right under there is the prop bets, and then it gets into individual stocks right after that. This it's just I think it's a a temptation that I don't like it. There's a lot there's a whole thing that's going on in society right now, whereas our greatest minds, instead of trying to figure out how we can solve big world problems, they're trying to help us with more consumption or letting us gamify spending every dollar that we have in our back pocket. And I'm just that's the trend, and that's the old man in me that sees it. And I'm just trying to help our people not be the pawn or the victim that is being set up to to to make this go really bad. Well and let's think about it. From a business perspective, I imagine this is, like, wildly profitable for these companies to get involved, Robinhood and that sort of thing. Because it's really interesting, Brian. There was a show that we did recently. There was talking about money trends by generation and something that is unique, I think, to our younger generation right now that perhaps is not the same as generations past is that now a lot of people are mixing the idea that, oh, no. No. Well well, sports betting or the way that I do this or the way I'm interacting inside the prediction markets, I'm not really gambling. That's just the way that I'm investing. That's the vehicle …