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Crypto bros and groypers a tale as old as fiat

Step one: make sports betting legal.

Step two: make betting on anything legal.

Step three: endorse prediction markets

Step four: tax gambling wins/losses, including for those who broke even.

Step five: profit.

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That's an impressively stupid take

Thank you, I made it myself

It's not really a take though, it's more of a recounting of events. None of that is opinion.

The suggestion is that step 5 is the reason for the first 4 steps.

That's wrong both in terms of motive and in terms of recounting.

Taxes are government profit.