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A comment on U.S. Now Says All Online Gambling Illegal, Not Just Sports Bets. Parent comment

Re:U.S. Now Says All Online Gambling Illegal, Not Just Sport... by coralreef on Tuesday January 15, 2019 @03:59PM (#18915180)
An underlying stock market is useful because it allows companies to raise capital to take risk. But many of those trading tools are just vehicles for speculative trading.

When I buy options contracts as a trader, I'm speculating the price will go up or down. I'm not adding anything productive to the economy. For me to win, another trader must lose.

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Re:U.S. Now Says All Online Gambling Illegal, Not Just Sport... by KaoruAoiShiho on Tuesday January 15, 2019 @04:14PM (#18915375)
You're sending price signals. The market needs active traders not just investors to function properly.
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Re:U.S. Now Says All Online Gambling Illegal, Not Just Sport... by coralreef on Tuesday January 15, 2019 @10:56PM (#18918115)
Sure, capitalists will always say "I'm providing liquidity", and I'm fine with that, there is some value in that.

But I'm still gambling on an outcome in a zero sum game. What is the purpose of anti-gambling laws? To protect the common man? But the state is okay with you losing everything on stocks? The point is its an unjust hypocrisy.

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