> What's the argument that this is gambling? I suppose because you pay a small amount of money and you may or may not get something valuable out, which makes i

> What's the argument that this is gambling? I suppose because you pay a small amount of money and you may or may not get something valuable out, which makes it effectively gambling from the bidder's point of view. > but I don't see where this is a game of chance instead of a consequence of who is participating From the point of view of an individual bidder, "who else is participating" is a matter of chance.