zlacker

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+(OP)
Yeah its weird to me that gambling is regulated at the state level while investment contracts are regulated at the federal level and therefore have nothing in common, despite the user experience of throwing your money out the window being the same

>>stcroi+(OP)
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.