Core Insights - The article highlights the financial struggles of a nursing student, Jeffrey, who has developed an expensive habit of collecting Pokémon cards, spending significantly more than his income allows [1][3][4]. Financial Behavior - Jeffrey spends at least 50% of his monthly income on Pokémon cards, which amounts to approximately $1,500 based on his reported income of $3,000 per month [3]. - Earlier this year, he spent $28,000 in a single month on Pokémon cards, indicating a severe financial imbalance [3]. - Despite moving in with his sister to eliminate rent costs, his spending on cards increased, demonstrating a lack of financial discipline [4][5]. Emotional and Psychological Factors - Jeffrey views his spending as discretionary or "fun money," but this perspective masks a deeper issue of financial addiction, as described by financial expert Caleb Hammer [4][5]. - The thrill of acquiring new cards and the emotional distress from missing card drops contribute to his compulsive spending behavior [5]. Market Trends - The Pokémon card market has seen significant price increases for rare cards, creating a perception that they can be a viable investment [6].

Prediction markets are gambling.Yes, they provide new information that informs people about certain events, but they also exploit a vulnerable portion of the population.We should acknowledge both are true.@JoePompliano with a great explanation today: https://t.co/oBUnIUgas8 https://t.co/swc2wqei3d ...

prediction markets are not gambling said the timeline, as they bet on the winner of a boxing match between a youtube influencer and a professional fighter ...

Fine, I’ll say what no one else wants to.Prediction markets are gambling.Just like waking up and driving to get coffee each morning is a gamble.Will I be late for my first call cause of traffic? Yes / NoWill I accidentally run over someone in the bike lane?! Yes / NoWill I skip lunch today? Yes / NoWill I watch 2.5 hours of Netflix on the clock ignoring my actual responsibilities? Yes / NoWill this random HR calendar invite scheduled at 4:30pm on a Friday be me getting fired? Yes / NoWhen I get home after b ...

Core Viewpoint - The rise of prediction markets has led Wall Street to question the boundary between investing and gambling, highlighting a growing concern about the nature of financial markets [1] Group 1 - Prediction markets are experiencing significant growth, prompting discussions on their implications for traditional investing practices [1] - The increasing popularity of these markets raises ethical and regulatory questions regarding their classification and the potential risks involved [1] - Analysts are debating whether the strategies employed in prediction markets align more closely with gambling than with traditional investment methodologies [1]

Our correspondent’s geeky approach got him restricted at every betting shop in Britain. That inspired him to investigate how gambling “sharps" evade the bookies' bans https://t.co/lDZzasF8fA ...

Prediction markets are gambling.Not sure how anyone believes anything different. ...

From @WSJFreeEx: The arc of American history may or may not bend toward justice. It definitely bends toward gambling. What the righteous Puritans condemned as sinful, the Founding Fathers embraced as a source of revenue, writes Jonathan Shapiro.https://t.co/MUmZNEyAyb ...

Hedge fund billionaire Steve Cohen, Genting Group and Bally’s Corp. each won formal approval to open casinos in New York, marking the first time in the city’s modern history that full-scale gambling parlors will operate legally inside the five boroughs. https://t.co/Zajwg4BZWh ...

I feel like I answer this question ever day.SOME prediction markets can be closer aligned to gambling. If not gambling, ie; sports markets etcThe variety of markets such as politics, interest rates, shit even mention markets imo are not gambling in the core sense of it.Reason being- binary events, they happen or they don’t, without luck a tangible event has to occur or not occur that is outside randomized chance- it is more aligned to trading, ie; odds / percentages / etc and many markets are traded based o ...