39 ms·

Equities are underlying collateral. Prediction markets are literally just betting on an outcome, no underlying asset exists.

• delichon 4mo ago
  Collateral is not uncommon in gambling (e.g. pink slips). That does not seem to distinguish gambling from speculating.
  • bena 4mo ago
    That's not collateral, that's the thing being wagered.
• petcat 4mo ago
  What collateral is underlying the massive, state-sponsored, Spanish lottery ticket and scratch off racket?
  • JCTheDenthog 4mo ago
    I don't think you'd find anyone arguing that the lottery isn't gambling, so I'm not sure what argument you're trying to make here.
  • contubernio 4mo ago
    A casino is by definition a house that takes rake and is not the government or one of its subsidiaries ...
• piltdownman 4mo ago
  Prediction Markets act the same way as Gambling Exchange - the assets are denominated as both sides of the book minus the spread. https://www.betfair.com/exchange/plus/ https://www.betfair.com/exchange/plus/