[spiderice]

The existence of banks gives a huge financial incentive to rob them. That doesn't mean we should get rid of banks. It means we should create a huge disincentive to rob them (which we do). Same thing needs to happen to people using national intelligence secrets in prediction markets.

[thephyber]

That requires active participation in regulation and enforcement.

If anything, this administration is moving the other direction when it comes to betting markets, crypto, investments, etc.

What you are saying is logical for how enforcement should happen, but it isn’t happening that way.

[jimkleiber]

Banks are about saving money and reducing risk. Arguably when they got into high risk investments to make high reward is what contributed to the 2008 recession.

Not sure if banks are the best example of proving the country is not headed towards high risk gambling.