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They are, of course, a gambling app. But so is a significant part of "investnemnt" activity. Some instruments have more money playing with their futures an opt
by beagle3 10y ago
They are, of course, a gambling app. But so is a significant part of "investnemnt" activity.
Some instruments have more money playing with their futures an options than with the underlying assets. And more often than not in these cases, money changes hands but no securities. At the end of the day, it's all the same. These "gambling apps" have much worse probabilities, but the gambler's ruin is the same as in the main market, only faster.