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In reply to the discussion: In your opinion, are DraftKings and FanDuel gambling? [View all]rjsquirrel
(4,762 posts)30. Nonsense
The stock market has returned a steady rate of growth over decades. It is the single most reliable long term investment vehicle for millions. If you invest regularly and have a long term horizon it is nearly impossible to lose money.
So put your ideology down. There is zero reason to equate the stock market with gambling. That's historically untrue. Over the last 25 years the average annual return on DJIA has been over 10%.
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Yet inevitably every one of those investment contests is won by a 16 yo
Algernon Moncrieff
Jan 2016
#56
Taxed in the same way/Jurisdiction any other ecommerce activity would be. If I
kelly1mm
Jan 2016
#17
Not that I am for either of the two sites, never played then or any online gambling...
R. Daneel Olivaw
Jan 2016
#6
There is always a paternalistic element to the "it preys on the poor" argument
Algernon Moncrieff
Jan 2016
#16
Cannabis is banned in your State because some hated it and hated the cultures who used it.
Bluenorthwest
Jan 2016
#34
So since you hate all of some activity it should be banned? How .... 'fundy' of you ....n/t
kelly1mm
Jan 2016
#42
The State of New York is not against gambling per se, just gambling it does not get a cut of. nt
kelly1mm
Jan 2016
#43
If we control everything in our society from the point of those with "problems" we will have nothing
CBGLuthier
Jan 2016
#26
Some days I want to slap you all. It was illegal to have gay sex in many States until 2003. Illegal.
Bluenorthwest
Jan 2016
#36
Obviously gambling, should be regulated by states commisions if allowed to exist
Johonny
Jan 2016
#40