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๐ค SpeakerAppearances Over Time
Podcast Appearances
Right.
How many free throws?
You know, what the halftime, you know, whatever is going to look like.
Who gets X amount of playing time?
Massive insider trading risk.
But more importantly for this whole discussion, it's gambling.
And why have we always separated legally and even rhetorically gambling from commodities markets?
Now, often they're
you know, resemble each other.
But what is the difference?
Gambling is not about social utility, which we allow.
We allow this legalized form of commodities future trading because it's important to us as a society to be able to function.
There is no, what societal good comes from trading on these damn markets?
Nothing.
Literally nothing.
And look, this belies even the basic statistics.
If you are gambling on these platforms, which is what they are, you're gonna lose.
Like the vast majority of the winner, the vast majority of the profits go to an extremely select small group of traders.
I was reading recently, in fact, one of my friends even told me like Susquehanna, one of those like very sophisticated trading desks, they have a sports desk now
specifically as sharp bettors to go in and to find like inefficiencies in various different lines to hammer them and to basically take your money.