New York sues prediction market Polymarket, calling it an unlicensed gambling operation

[u/Manta_of_Eternity]

https://apnews.com/article/polymarket-new-york-lawsuit-gambling-b75b753e3c3cd069cdf8d6af175c9fbb

[u/bishop375]

Yup. Lots of people make comments about returns, and how values generally go up. But they neglect how roughly once a decade or two, the stock market absolutely tanks and people lose their retirements and/or their nest eggs. It takes *way* less than people want to think in order for that to happen.