Anything that isn't directly buying a…
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Anything that isn't directly buying a stock/asset/product/service/etc. should be classified as gambling and taxed as such
Shorting, options, futures, prediction markets, etc.
There is no real need for any of those things. They are just gambling. You're just betting that something will/will not happen.
Sure, buying a stock is kind of betting the company will grow. But at least it has the value that you are investing in the company, giving it money either directly by investing early or by raising the stock value (buying moves the balance towards making the stock pricier).
So, anything else should be classified as gambling and subject to gambling laws.
#conversation
Shorting, options, futures, prediction markets, etc.
There is no real need for any of those things. They are just gambling. You're just betting that something will/will not happen.
Sure, buying a stock is kind of betting the company will grow. But at least it has the value that you are investing in the company, giving it money either directly by investing early or by raising the stock value (buying moves the balance towards making the stock pricier).
So, anything else should be classified as gambling and subject to gambling laws.
#conversation
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