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383 points toomuchtodo | 2 comments | 31 Oct 25 17:42 UTC | HN request time: 0.41s | source

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toomuchtodo ◴[31 Oct 25 17:52 UTC] No.45774751[source]▶

Coffeezilla: Exposing the Gambling Epidemic - https://news.ycombinator.com/item?id=45773049 - October 2025

Hasz ◴[31 Oct 25 19:33 UTC] No.45775815[source]▶

Great video. The convergence between traditional stock market finance and casino gambling is going to seriously scar a generation.

replies(2): >>45776447 #>>45778565 #

skippyboxedhero ◴[31 Oct 25 20:39 UTC] No.45776447[source]▶

>>45775815 #

Who do you think was buying options 30 years ago? Institutional demand, particularly for non-OTC options, was zero. Countries which have legalized gambling tend not to have large options markets.

There is no convergence. They have always been the same thing. The difference is that you can provide a venue where harm is reduced or one where harm is maximised.

replies(3): >>45776493 #>>45777451 #>>45780910 #

1. Hasz ◴[31 Oct 25 22:35 UTC] No.45777451[source]▶

>>45776447 #

Wasn't around to personally witness it, but I do not believe the first part is true:

https://www.princeton.edu/~ota/disk2/1990/9015/901507.PDF, specifically page 94.

Also, IMO there is a big difference between an open market that allows for price discovery and free trading versus placing bets against the same casino at predetermined prices.

replies(1): >>45777902 #

2. ◴[31 Oct 25 23:38 UTC] No.45777902[source]▶

>>45777451 (TP) #

↑

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