Don't binary option sites belong in Gambling?

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Topic: Don't binary option sites belong in Gambling? (Read 354 times)

DiscoverCebu (OP)

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Don't binary option sites belong in Gambling?

January 16, 2016, 02:14:11 PM

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?

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minifrij

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Re: Don't binary option sites belong in Gambling?

January 16, 2016, 10:39:58 PM

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.

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