Well, I agree with you, the grey areas that ideas markets are starting to inhabit are interesting, and I'd need to be less busy at work to deal with this in any depth, but:
1) Tradesports is by no means legal in the US; at best it's dark grey.
2) Stock market investing for some people, and in some situations, is just a way for people to risk money in order to make more, but the stock market serves many many other intrinsically valuable purposes with regards to how our economic system fundamentally works. The gambling part of it is integral to how it works, but not so integral to its goals.
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Date: 2004-10-21 01:11 pm (UTC)1) Tradesports is by no means legal in the US; at best it's dark grey.
2) Stock market investing for some people, and in some situations, is just a way for people to risk money in order to make more, but the stock market serves many many other intrinsically valuable purposes with regards to how our economic system fundamentally works. The gambling part of it is integral to how it works, but not so integral to its goals.