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Addiction Markets

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383 points toomuchtodo | 1 comments | 31 Oct 25 17:42 UTC | HN request time: 0.292s | source
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toomuchtodo ◴[31 Oct 25 17:52 UTC] No.45774751[source]▶
Related:

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

replies(1): >>45775815 #
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]▶
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 #
hollerith ◴[31 Oct 25 20:45 UTC] No.45776493[source]▶
Options markets help farmers and miners decide how much to invest in future production. Ditto the consumer of a commodity faced with an investment decision where the success of the investment depends on continued access to the commodity.
replies(1): >>45777356 #
malfist ◴[31 Oct 25 22:25 UTC] No.45777356[source]▶
Are you thinking of the futures market? That's different than options
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csomar ◴[01 Nov 25 07:17 UTC] No.45779802[source]▶
They are roughly the same thing packaged differently. Both can be used to lock-in the price at a certain premium.
replies(1): >>45780919 #
1. mlrtime ◴[01 Nov 25 11:46 UTC] No.45780919[source]▶
They are both derivatives but using a farmer as an example is 100% futures.

For commodities, the Futures demand delivery of the underlying. Options are settles in cash.