SBI PO Prelims 8 Mar 2025 Shift 1 Paper

Question Numbers: 1-9
Read the passage given below and then answer the questions given below the passage.
The United States recently lifted its long-standing ban on online betting, paving the way for a significant evolution in the realm of digital entertainment and gambling. This decision has sparked a lively debate among policymakers, economists, and the general public. Proponents argue that online betting, including online poker and various sports wagering platforms, will engage users with a new form of recreational activity while potentially generating substantial revenue through taxation. Critics, however, caution against the social vices that may accompany this shift, such as addiction, financial loss, and deteriorating mental health. With the ban removed, states now have the autonomy to regulate and legislate online betting within their jurisdictions. This is expected to lead to a patchwork of regulations across the country, potentially complicating enforcement and compliance efforts. Moreover, the explosion of online betting activities has raised concerns about the integrity of sports. There is a looming threat that the financial stakes involved in betting might result in increased instances of match-fixing and other unethical practices, compromising the essence of fair sportsmanship. Comparing the situation in the US to Europe, where online betting has long been legal, reveals significant insights. European countries have developed _____________ and control online betting activities, aiming to mitigate the negative impacts while capitalizing on the economic benefits. The US, on the other hand, must now navigate these challenges and learn from Europe’s experiences to create a balanced approach. The impact of this policy change extends to various sectors of society. On one hand, enthusiasts believe that online betting can engage a younger demographic, furnishing them with new avenues for excitement and entertainment. On the other hand, mental health experts warn about the potential vices associated with excessive gambling, including addiction, depression, and financial ruin. It remains to be seen how the US will address these challenges and ensure that the transition to legalized online betting is both economically beneficial and socially responsible.