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That would probably get shut down pretty quickly, as it would be essentially allowing a group of small-time players to make non-sports-related proposition bets.
by toby 11y ago
That would probably get shut down pretty quickly, as it would be essentially allowing a group of small-time players to make non-sports-related proposition bets.
- oskarth 11y agoWhat would be wrong with that? People do it informally all the time.
- eric_h 11y agoNothing, as far as I'm concerned. Unfortunately the regulatory landscape disagrees. How betting on the performance of a company is any different from betting on the performance of an athlete or a horse just boggles my mind. Sure, in the short term the variance is lower, but it's still a fucking gamble. It's also the only legal way to gamble in all 50 states.
- toby 11y agoWrong? Nothing. It just tends to attract the attention of regulators when done at scale. Even Nevada doesn't allow casinos to run proposition bets on anything but sports.