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Comment by jsheard

2 years ago

Casino gambling is also regulated, there being some degree of oversight doesn't make it not gambling.

Sure. This is a financial instrument used by industry professionals though, not just an 'app'.

You can (and some people do) call buying shares 'gambling' too, at some point it just comes down to what our definitions are and it's not very interesting.

  • There are professional gamblers (pro poker?). I think I understand the spirit of what you're trying to say, but CFDs are absolutely a gamble, like most investing. It just doesn't have the same stink of "casino gambling," it's a fresh cut, cologne wearing, suited up form of gambling.

    • > absolutely a gamble, like most investing

      Yeah well like I said, definitions. If most investing is gambling then sure, I just don't find that useful.

      Anyway the initial comment I was responding to was 'looking for my broker but got CFDs'; my point was they got a different broker. It's still a bad search result, but it's not a weird scam, it's just a competitor. It's not the same as looking for my bank but got crypto exchange at all.

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