France's main gambling sector regulator said on Friday it had instructed the country's internet service providers to block access to the Polymarket website, one of a number of online prediction…
Scenarios in gambling are rarely “purely random”. I.e. the likelyhood of winning in poker depends on what you already got dealt and what other cards got dealt and so on. What does “purely random” even mean? Like a lottery with equal chance of winning for all participants? Yea that’s gambling but just one kind of gambling.
Most forms of casino gambling except card games are purely random: dice, roulette, slot machines. I agree with you that there being an element of skill or knowledge doesnt stop it being gambling however.
But that is what the whole discussion is about. Many scenarios aren’t just gambling because they have a degree of predictability to it: poker, stock market, betting on the day when the US starts WW3.
Probably only quantum processes are truly random, but for this argument, processes are practically random if the governing variables are not human-knowable. A dice throw, roulette, lottery numbers drawn from a bowl. They are deep down deterministic, but not predictable to any degree.
By that logic, all gambling is just prediction
how did you come to this conclusion? betting on scenarios that are purely random are just gambling.
Scenarios in gambling are rarely “purely random”. I.e. the likelyhood of winning in poker depends on what you already got dealt and what other cards got dealt and so on. What does “purely random” even mean? Like a lottery with equal chance of winning for all participants? Yea that’s gambling but just one kind of gambling.
Most forms of casino gambling except card games are purely random: dice, roulette, slot machines. I agree with you that there being an element of skill or knowledge doesnt stop it being gambling however.
Only gambling on thermal noise is the real deal /½s
But that is what the whole discussion is about. Many scenarios aren’t just gambling because they have a degree of predictability to it: poker, stock market, betting on the day when the US starts WW3.
Probably only quantum processes are truly random, but for this argument, processes are practically random if the governing variables are not human-knowable. A dice throw, roulette, lottery numbers drawn from a bowl. They are deep down deterministic, but not predictable to any degree.