Comment Re:A Fool And Their Money (Score 4, Interesting) 33
The dumbest part of the entire thing is - a college campus is one place where it should be like super easy to find some folks to wager with. Maybe like I dunno talk to some of the guys in your hall, activity lounge, wherever.
Setup some squares - everyone can photo the board with their phones so there isn't any funny business. You could even like socialize and watch some of the sporting events, maybe find girls like sports to watch as well get a couple bags of chips and some sodas and actually have a good time?
Oh the best part some of these people you call 'friends' win and maybe you win next time. There is no house taking a cut...
i don't think a little friendly gambling with people know is to likely to get anyone into addiction or encourage people to take risks they can't really afford but commercial gambling be it on sports, prediction markets, or stocks is down right predatory. The pattern-day-trading rule exists for good reason - its to prevent Etrade from turning into Draft Kings, and it has worked. We probably need something like it for Sports/Prediction market betting. If you can't find 25k worth of assets to park in an account, then you should be limited to handful of bets/plays a week. That way people don't get hooked, and hopefully you don't get people playing with money they can't afford to lose as often because, by virtue of the fact if you can keep it on account for x days you don't urgently need it.