3 ms·
My assumption was that he was talking about derivatives and synthetic securities (i.e. "non-collateralized" as he said). If that's the case his analogy is actua
by CPLX 11y ago
My assumption was that he was talking about derivatives and synthetic securities (i.e. "non-collateralized" as he said). If that's the case his analogy is actually quite reasonable.
- deleted 11y ago[deleted]
- vonklaus 11y agoI am talking up structured financial instruments like that. Obviously, DraftKings doesn't map perfectly to etfs and options, but i think the analogy stands. To be clear, I think that skill based wagers should be allowed. I was begging the question, is there a difference here, and it is: It is a lot better known how the outcome of a football match will be determined than other fin. products. Football is pretty discrete and doesn't have a broad impact on soccer outcomes (unless you are not American the soccer === football) This is discretionary capital and not investment money. So, my sarcastic point was: thanks for protecting me from having fun with $20 i earned weekly, don't you have anything else you might want to look into?