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That's a good start, and should be followed by banning everyone else from trading on them.
by vkou 6mo ago
That's a good start, and should be followed by banning everyone else from trading on them.
- idle_zealot 6mo agoI agree in spirit, but really it should be the other way around, no? People aren't banned from using them, companies are banned from offering them. I do not want to see a future in which people get their doors knocked down because they're under suspicion of using a gambling app.
- jocaal 6mo agoWhy though. This is a dead serious question, what is the difference in using financial derivatives and prediction markets. Both are a transaction between parties that is influenced by some other underlying event. Why is it ok for the event to be a stock price, but not ok for it to be a sports match?
- bulbar 6mo agoBecause it isn't limited to seemingly innocent sports matches.
- armada651 6mo agoThe financial derivatives are (supposed to be) regulated, there's laws against insider trading that keep the market fair. For sports betting there's laws against match fixing. The prediction market CEOs on the other hand seem to be actively encouraging insider trading and match fixing, it's practically their main selling point.
- HDBaseT 6mo ago[dead]