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A comment on Ponzi Schemes Using Virtual Currencies (2014) [pdf]. Parent comment

Re:Ponzi Schemes Using Virtual Currencies (2014) [pdf] by xdeqx366 on Tuesday October 03, 2017 @05:48PM (#15396500)
Is "common enterprise" the only distinction between gambling and a security?
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Re:Ponzi Schemes Using Virtual Currencies (2014) [pdf] by Mimisbrunnr on Tuesday October 03, 2017 @09:53PM (#15397732)
Not an answer to your particular question, but semantics seems to be the only difference between insurance and gambling.

If a bookmaker offers you a $500 bet that your house won't catch on fire this year, what is the difference in both intent and outcome?

The law is a fickle beast.

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