Comment Re:Gambling (Score 1) 14
It definitely is. Every dollar a person makes on such a site comes from a dollar lost by another guy. And the numbers are staggering. Like a billion dollars. And they way they are set up, those who are already rich can set things up so that they make even more money from much poorer people. The more money you have to play with, the easier it is to win on the predictions gambling sites (not to mention cheat with insider knowledge). Fantastic video on this from a young lady named Dee: https://www.youtube.com/watch?.... Highly recommend for anyone who wants to know how this scam works. 70% of the takings go to 0.1% of the players (who also happen to be the ones with the most money to start with).
At least on the stock market, there is such thing as growth from companies making money, paying dividends, etc.
I'm not at all surprised to see Zuckerberg getting in on this. It's not enough to addict the world to social media and sell their privacy. He wants every last dollar they have. It's really quite evil.