alt Hacker NewsWhat exactly is the difference between a financial derivatives exchange and a gambling platform? Both involve placing bets on uncertain future outcomes.
Replies
none_to_remain • today at 12:20 PM
The gambling platforms are buddies with Tish James and the state, while the prediction markets are buddies with the CFTC and the feds. That's the important difference in this case
amazingman • today at 1:11 AM
Regulations, skill, and access.
morkalork • today at 1:05 AM
One is when the president's son is a strategic advisor to the company and the other is a gambling platform
brianbest101 • today at 1:39 AM
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Traditional derivatives can be used to trade the risk that would already exist with or without the existence of the derivatives market. Prediction markets create risk out of thin air.