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by mcmcmc 36 days ago
One distinction I think really needs to be included in any gambling bans is whether it’s a game of chance or skill. Betting on yourself is quintessentially American. I’d argue betting on someone else’s game of skill (eg sports betting) is a game of chance.

Would be interesting to see how a new prohibition amendment on gambling on games of chance would work.
1 comments
criddell 36 days ago
> game of chance or skill

The line isn't all the clear, is it? Is poker skill or chance? What about betting on a horse? Or buying a stock option?

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mcmcmc 36 days ago
In poker you have some control over the outcome through your actions in the game. Your skill at judging horses and jockeys cannot affect the outcome of a horse race. Options trading I don’t really know enough to have a strong opinion, but since it’s already regulated and has some utility in contributing to price stability, I don’t really consider it in the same class.
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