zlacker

>>jimbob+(OP)
Is allowing people to follow an active investment strategy in various markets also a mistake? I understand the need for CME weather futures contracts for a farmer, but anyone is allowed to do this. Hedge funds have rules regarding who can participate.

>>stcroi+uv3
This is a motte-and-bailey fallacy that got brought up a lot by gambling proponents early on. The biggest difference is that by design investments on average will return a zero or net positive potential for return. Gambling will always return an average negative return by design.

EDIT:

There was a study that came out a month ago that showed that state by state when online sports betting became legal, there was about a $20/month reduction in retirement investments. Considering only ~12-20% of the population has taken part in sports betting, this is not an insignificant reduction in retirement investments.