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Gambling: I Know It When I See It
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1 Articles
Gambling: I Know It When I See It
At the heart of the Kalshi/Polymarket/etc “is this CFTC regulated or gambling?” debate is the line between hedging and gambling. As someone that worked on a trading floor for a long time, the question of where that line sits is not new. When smart people spend all day managing risk and laying off risk and generally assessing the odds in myriad ways, it should come as no surprise a lot of betting on random unknowns in the world takes place.So wha…
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