Moderator: Nicole Marie
BigJon@Work wrote:I'm very ambivalent about the online gambling industry. The liberty lover in me says that whatever people want to do online, they should be able to do it. The gambling hater in my says ugh! The reality aware part of me says that online gambling is absolutely ripe for massive fraud and should be regulated for that reason. The potential for abuse just boggles the mind when you think about it. The cynical part of me says the only reason the gubby cares at all is because they are not getting their cut.
Exactly what authority does the United States, or rather the State of Missouri, have over a UK based company doing business in Costa Rica?
GreatCarouser wrote: People who want to make 'gambling' illegal but are 'ok' with stock and commodity markets have no real understanding of any of them. Which leads me to wonder whether stock brokers, commodities brokers, insurance agents and the like are allowed to give evidence before a Talmudic Court? This last is not to single out DavidS, Israel, or Judaism in any way, I just read his post and was curious...
BigJon@Work wrote:...There is a winner, there is a loser, the house takes it cut and no wealth is created, except for the house. Investing in stocks and bonds for the long term is not the same as gambling because the business can actually create wealth and are in business to do just that. Insurance and commodity brokers have legitimate purposes to reduce risk of catastrophic loss, just because they are used by traders to gamble doesn't make them inherently gambling enterprises. Your analogy is shallow and malformed and if you don't understand the differences, you should be doing a lot of study. As much as I hate traders and trading, they have made the US markets the most liquid and easy to use in the world. Ever the useful fools.
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