Derivatives is a blanket term that refers to a variety of complex financial "bets" that are available to "sophisticated investors". It's worth knowing that the derivatives market is over ten times larger than the value of all the stocks in the US stock market, at ~$850 trillion with a T. This definitely won't cause any systemic issues like it did last time
Arguably it is, just not in the conventional way. As a player, you're spending your time (and money to buy the game) with the hope of winning some dopamine from it. As a developer/studio, you're gambling time and money to devrlop a game in the hopes that it does well and makes the money back
What about selling weapons?
Believe it or not, gambling.
Except when it's fraud.
Well, fraud under Don Tzupid. Or just evil.
If we're talking about the MIC, fraud
Fraud - absurd markups and cheating vassals.
Prostitution? Gambling.
Exotic dancing? Fraud.
Dealing street drugs? Gambling.
Marketing pharmaceuticals? Fraud.
Professional sports look like gambling but are actually fraud.
Derivatives?
Derivatives is a blanket term that refers to a variety of complex financial "bets" that are available to "sophisticated investors". It's worth knowing that the derivatives market is over ten times larger than the value of all the stocks in the US stock market, at ~$850 trillion with a T. This definitely won't cause any systemic issues like it did last time
Thank you!
Of course!
Most video games aren't gambling ...
The games that generate the most profit are.
The rest are art.
Art sales are used to legitimatize money transfers for fraud. So fraud.
Pretty sure that's a very small fraction of all art.
And art doesn't make money.
Gambling does.
i think the meme creator was probably talking about the prevalence of lootboxes and skin gambling with that
Are you implying there might be some fraud?
Arguably it is, just not in the conventional way. As a player, you're spending your time (and money to buy the game) with the hope of winning some dopamine from it. As a developer/studio, you're gambling time and money to devrlop a game in the hopes that it does well and makes the money back
Lmao that is not what anyone means when they say gambling and you know it.
By that logic, all entertainment is gambling. Petting a cat is gambling. Hiking is gambling. You're gambling by replying in this thread.
By that metric, any business endeavor is gambling.
Unless its fraud
I think that's the joke
It's about loot boxes and the like
War? gambling and fraud.