logoalt Hacker News

pants2today at 5:43 AM4 repliesview on HN

It's certainly not well defined today; memecoins, prediction markets, sports betting, and more are all toeing the line of gambling.


Replies

itintheorytoday at 9:44 AM

> toeing the line I'm not sure that phrase means what you intended to say here. From Wikipedia, [1]: "Toe the line" is an idiomatic expression meaning either to conform to a rule or standard, or to stand in formation along a line.

[1] https://en.wikipedia.org/wiki/Toe_the_line

It's possible I misinterpreted your statement though, and if so: apologies.

renegade-ottertoday at 9:55 AM

Prediction markets are 100% gambling. It's just synonym acrobatics.

I say this as someone who had a lot of fun GAMBLING during the World Cup.

https://www.youtube.com/watch?v=mOptJl8Xkx0

show 1 reply
rglullistoday at 6:44 AM

Toeing the line? There is no underlying risk to any of that except the bet itself. Of course it is gambling.

show 1 reply
pjc50today at 11:56 AM

See also "binary options", which are such a bad deal for retail investors that the UK FCA explicitly tells you they're a scam.