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Comment Re: Yes (Score 2) 202

Nearly 50% of stocks are held in retirement plans. It's not that the shareholders only care for the next dividend. It's that the shareholders are passive (as you also pointed out), or are one level removed (in index funds).

The fund managers don't want to rock the boat with the companies because the companies get to pick who manages their retirement accounts, so essentially the retirement accounts are yes votes and not ownership oversight.

Comment Re: Gambling linked to fraud (Score 2) 14

It's more that people want their money now and it takes time to verify. So there's a touch of arbitrage to be had being a market maker when people want to cash out 30 minutes early.

It's not fraud, it's taking advantage of gambling addiction.

Note. I didn't read the article, but it's known ther s time based arbitrage between an event and the official resolving of it.

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