The difference is that financial markets, despite all the harm they do, also provide utility. That entire invisible hand resource allocation thing. Opinions mig

The difference is that financial markets, despite all the harm they do, also provide utility. That entire invisible hand resource allocation thing. Opinions might differ about the amount of value relative to the harm, but very few would consider it zero or negative. Sports betting and lotteries don't, all the downside without any upside.