Is "common enterprise" the only distinction between gambling and a security? | Hacker News

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		xdeqx366 on Oct 3, 2017 \| parent \| context \| favorite \| on: Ponzi Schemes Using Virtual Currencies (2014) [pdf... Is "common enterprise" the only distinction between gambling and a security?

Mimisbrunnr on Oct 4, 2017 [–]

Not an answer to your particular question, but semantics seems to be the only difference between insurance and gambling.

If a bookmaker offers you a $500 bet that your house won't catch on fire this year, what is the difference in both intent and outcome?

The law is a fickle beast.

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