8 ms·
Why It's Harder to Tell Gambling from Investing Nowadays
- wslh 11mo agohttps://archive.is/RSBTq https://archive.is/RSBTq
- mediodiablo 11mo agoIt's getting scarier out there. Pretty much all friction has been removed from "investing" and "prediction markets" (a.k.a., gambling). No more friction in terms of speed (immediate access to 24/7 markets) and, worse, in terms of scale (instantaneous ability to lever up above your capital base).