[eaenki]

Gambling means you have guaranteed net negative return because you’re against the house and the rules of the house are designed in such a way, mathematically speaking.

Trading mortgages, financing a building, betting that an airline will have a bad quarter after the first WW lockdowns of covid, can have a net positive return. you are playing player vs player and you bet and structure the trades trying to get the odds in your favor.

they’re two different things, you just seem ignorant.

not to mention other uses of finance such as edging. farmers, companies of sll kinds, even countries, want and should edge their wipe outs and black swan events type of risks for example. and a Citedel will happily underwrite your options.