Typo. It's obvious it can't be a revenue. Previous paragraph is dealing with the size of online gambling industry, next paragraph is about the same but for prediction market.
Well, the previous paragraph compares how much people bet online with how much people spend on airfare, which also isn't quite right. It assumes 100% of what people bet is lost. For sure, the house always wins, but the amount lost is probably closer to 50-60% of what is quoted.
It's market size. It shows the interest in some activity. Laundry and airfare are for sure necessary & valuable activities, whereas the interest of betting (for a society) is questionable.
The question is what do you do with your money. If you are a pharaon, and pay a good salary to build pyramids, is that good? People get paid, pharaon gets his pyramid. However, as a society, the loss is all the efforts that could have been spent on something much more useful, like hospitals, schools, roads... For the betting industry, no money is lost, it goes to the winner or the house. But how will these people use their money next?
And who cares if it's vibe-coded or not. Since when do we care more on the how than on the what? Are people looking at how a tool was coded before using it, as if it would accelerate confidence?
I knew many of these tricks, but learned many new tricks I didn't know and looks very useful (like you can do Ctrl-Y after an Ctrl-U, the 'reset' or 'disown' thing).
Regarding experience, I'm also struck by how many "experienced" engineers are just clueless with the keyboard.
reply