Alex DeMarco

In this insightful discussion, Alex DeMarco, Founder and CEO of MoneyStack, sheds light on the urgent financial crisis posed by gambling addiction. He explores the dramatic rise of mobile sports betting and its staggering revenue, with alarming rates of addiction affecting many. DeMarco connects gambling tactics to fintech models, revealing how both employ addictive engagement strategies. He emphasizes the need for proactive financial interventions and the role of banks in addressing this overlooked issue, advocating for a collective approach to promote financial wellness.