by:I. Nelson Rose
What do insurance, commodities trading and state lotteries all have in common? They were all originally outlawed as forms of gambling. The major fight today over whether poker should be legalized usually revolves around the question of whether it is predominantly skill or chance. But this unnecessarily gives up part of the political as well as legal battleground. Many activities that are indisputably gambling are now operated under state licenses, or by the state itself. And other activities, such as insurance and commodities, are today generally not even thought of as gambling.
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