3 ms·

True but I think the crypto companies should be able to buy the same insurance as gambling casinos, since... they are gambling casinos

• jaywalk 4y ago
  Crypto companies are more like the gamblers than the casinos. And nobody is going to give a gambler insurance against losses at a casino.
  • dmurray 4y ago
    "Insurance" in blackjack is a reasonably popular bet, and gives the house more edge than the regular game. Some people hedge their cryptocurrency portfolios with put options, which is a form of insurance. You can package almost any financial instrument and sell it to someone. Perhaps you mean the state shouldn't subsidise gamblers with free insurance - I think most people would agree with that.
    • jaywalk 4y ago
      Insurance in Blackjack is a losing bet for the player, and nobody with even beginner-level experience takes it. I'm not sure how anybody can insure against something like Celsius. The "investments" just went poof.