Fan Duel and Draft Kings banned in NY

[6andcounting]

(11-11-2015, 07:31 PM)Belsnickel Wrote: Long term investors in the market are certainly not comparable to your typical gambler. Day traders, though, the type playing aggressively in the market, definitely a form of gambling.

That's agreeable.

With gambling the odds are always against you, but the odds are with you if you are placing a diversified bet on the market place and your willing to give it some time to grow. The aspects of the stock market I would consider more like gambling are options and day trading, because it's a zero sum game. If you win, someone else loses. Whereas, 5+ year investments in a diversified portfolio is a win for everybody and the economy itself because the market grows.