Quite impressive how they folded. UAE bluff was called spectacularly and I think that, in the future, looking back, that event might mark the beginning of the end of their geopolitical ambitions.
If you say person X thought Y was true, ask yourself if Y was true would you accept it? If the answer is no you are not ready for this kind of discussion.
As for whether it's true or not, let's just say we don't know for sure because scientists either are not allowed or don't want to research this question.
Gamblers know the odds are stacked against them yet they end up stuck in a psychological prison within their own brain that they can't escape from even if they realize what they do is harmful.
Maybe a better law: check id, you are not allowed to take from any gambler more than 10 bets a year and no bet can be over 1k.
For big gamblers, we can have "qualified gamblers" rules like we do for qualified investors.
Funny how we don't let average people invest in some stuff but we let them gamble.
For offshore gambling pursue them aggressively if they serve US clients.
Didn't a hedge fund publish data encrypted with homomorphic encryption to run an open competition to see how can build the best trading AI. The encryption allow them to keep the sensitive data private.