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https://warpcast.com/~/channel/predictionmkts
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Dan Romero
@dwr.eth
> separate gambling from investing
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Dan Romero
@dwr.eth
https://www.wsj.com/finance/regulation/cftc-wants-to-ban-trades-tied-to-elections-sports-and-awards-contests-3d6fb3c6
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Joe Toledano
@joetoledano
Where would you draw the line here? Can understand that binary-options are likely used for gambling but what about 0DTE or short-dated out-of-the-money options? Imo context matters, the same trade could be either a gamble, or a hedge depending on one's "portfolio".
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Viz
@vizualobserver
gl with that the cftc...
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Garrett
@garrett
they're the same thing, just different ends of the same spectrum Big difference between East and West cultures on this topic. East treats investing/gambling as the roughly same culturally whereas the west likes to separate and draw a moral line differentiating the two as something wholly different as if its objective
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Leo
@lsn
Particularly ironic is when traders make bets on events like elections, which move markets and can be bet upon. The real difference, of course, is the variance. A lost bet is down -100% A lost trade is down -10%
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Toni
@wager
Terrorism, war & gaming markets. …one of these things does not belong with the others
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frdysk
@frdysk
I'm just tried separating the both in my mind, couldn't see it happen
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Ben
@benersing
This will be a healthy distinction
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mgoff
@mgoff
The current sports betting model in the US is broken. Having every customer face a sportsbook like MGM or Fanduel who all charge a large vig results in tremendous friction. The solution is an exchange model with open order books and de minimis fees.
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Fran d’Amore
@ffran
investing is now gambling /degen
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Alastair
@sir-alastair
Im gambling and i know it lol
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carrrrrlos
@carrrrrlos.eth
Yes, can that be reflected in my feed please haha.
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