Why crypto + gambling is extra risky
Mixing fast, 24/7 crypto transfers with high-velocity wagering amplifies every normal gambling risk. Research and news reports show offshore “crypto casinos” have exploded in scale, with gross gaming revenue estimated at ~$81.4B in 2024, often accessed via VPNs despite local bans. That growth is tied to lighter KYC, lack of spend limits, and the…
Margin Trading, In Plain English
Margin trading lets you control a larger position than your cash balance by posting a fraction of the trade’s value as collateral (margin). In regulated futures markets, margin is typically a small percentage of notional value (often in the single-digit to low-teens range), which is why even small price moves can generate outsized gains—or losses.
Regulators emphasize…
TL;DR
Pricing & fees: Sportsbooks bake in vig (often around -110 on 50/50 lines), implying ~4–5% house edge on balanced action. Prediction markets quote probabilities as prices (e.g., $0.63 = 63%) and tend to charge lower/transparent fees (e.g., Kalshi posts a public fee schedule; PredictIt charges 10% of profits plus policies on withdrawals; Polymarket currently states no trading fees though on-chain/network…