Bitcoin Forum
May 29, 2024, 02:06:09 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Don't binary option sites belong in Gambling?  (Read 355 times)
DiscoverCebu (OP)
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
January 16, 2016, 02:14:11 PM
 #1

I've noticed that binary options are regarded as service on the forum rather than being classified as gambling. Well basically you bet on whether a certain event(BTC price goes above/below a certain range) happens or not. With "house" taking a bit of the payout as "fee".
Thoughts?
minifrij
Legendary
*
Offline Offline

Activity: 2324
Merit: 1267


In Memory of Zepher


View Profile WWW
January 16, 2016, 10:39:58 PM
 #2

While it is only very slightly, I believe that binary options still class as trading rather than gambling. Granted it is still a flip of a coin essentially, though with less randomness to it dictated by the trading price.
If this is the case, trading isn't gambling; it doesn't belong in the gambling subforum.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!