So far my March Madness bracket is looking pretty good. I had SVB going out early with First Republic eking into the next round. The other March Madness kicks off today. Office pools and brackets are always fun. But this year, those lighthearted bets are increasingly accompanied by a whole lot more serious ones, as sports betting is increasingly legal and increasingly mainstream. And that’s cause for concern. Just ask England. “Sixty percent of industry profits come from the top 5 percent of users; the industry, supposedly regulated, has an estimated 36,000 children addicted to it; the government estimates 8 percent of suicides are gambling related. In 2016, the situation was already so bad that the co-founder of Paddy Power, an industry leader, resigned from the company’s board while ‘fighting back tears’ because he believed he was complicit in an immoral industry.” America’s bad bet on expanding legal sports gambling. (I guess these days, sports gambling no riskier than putting your money into a checking account…)