A gambling system where everybody has a net expected gain
So what’s the difference between a market where you can buy a chance to get some asset for cash, and a casino where you can buy a chance to get some asset for cash? You have non-coerced humans doing voluntary transactions in both of them.
Don’t forget that you still need a counterparty in the markets.
So what’s the difference between a market where you can buy a chance to get some asset for cash, and a casino where you can buy a chance to get some asset for cash? You have non-coerced humans doing voluntary transactions in both of them.
Don’t forget that you still need a counterparty in the markets.