Re:Kalshi court losses pile up as judges refuse to block sta...
by mrandish on Friday November 06, 2026 @04:23PM
(#50398721)
> Stocks have effectively degraded into gambling style instruments.
That's an overbroad generalization. They can be degraded into effectively being gambling style instruments if you want, but that's NOT what they fundamentally are. Stock and commodity trading markets drive positive-sum capital formation, whereas prediction markets and sportsbooks are zero-sum synthetic side-bets.
That's an overbroad generalization. They can be degraded into effectively being gambling style instruments if you want, but that's NOT what they fundamentally are. Stock and commodity trading markets drive positive-sum capital formation, whereas prediction markets and sportsbooks are zero-sum synthetic side-bets.