But that fundamentally is what a futures contract is. There’s an asset underneath. That sort of got abstracted into financial products, where the thing underneath is a stock, where you buy or sell a stock at a certain price on a certain date. I guess what they’re trying to say is, this is a second level of abstraction. There’s a similar financial product, except the financial product underneath has to be a bet. That’s just what the contract is, that’s what you’re saying. I recognize why they want to be distinct from gambling, but I can’t say that I think it is.
38. 中国以清晰蓝图为“十五五”启幕 - 新华网, www.news.cn/liangzi/202…
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