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> a tool for gambling

they require liquidity from people that are not in the know for adequate price discovery and exit liquidity worthwhile for participation



You need liquidity but there is no requirement that it comes from gamblers


Tell that to the gamblers? like be for real right now


If only people with accurate information bet, they wouldn't make any money so they'd stop betting.


Betting on imperfect information is not the same thing as gambling




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