Scientific American isn’t an academic journal and there’s no paper about this published in 2017. There’s a Scientific American article about it written in 2019 though. I think you’re referring to the part in the article that says it matched real world data remarkably after they modified it in 2017.

I don’t think this model is an x-ray that reveals the bones of the system, as its premise about how it works is plainly inaccurate. Maybe scientists can gain actual insight by studying it further but I don’t think drawing conclusions such as the title on social media is healthy.

At best the model teaches why gambling is a bad idea even if the chances are perfectly even. At worst someone looks at this and decides all anti capitalist evidence must be flimsy