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Reply To: CAP Commissions Legal Review

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#710823
Anonymous
Inactive
Quote:
The industry has been clamoring for regulation for years. They don’t want to operate as outlaws; they don’t want to operate on the sidelines; they don’t want to be marginalized. They want to operate as an embraced industry. They want to pay taxes. … I would think that the industry would fight hard for some sort of regulation.

Really, I wish people would stop saying things like that.

I’ve been biting my tongue for awhile now. Nobody wants to be regulated and nobody wants to be taxed.

If an entity *does* want to be regulated, it’s because they think it gains an advantage to them in order to stifle competition. They would like to protect a first mover advantage or they think they are more savvy with the regulators.

Yeah, it’s better than attempted prohibition. Taxation causes problems too, just with a smaller magnitude. There’s not much of a philosophical reason for anyone to regulate or tax me if I decide to bet on something with my neighbor, any other consenting adult, or any organization I wish to bet with.

It bugs me a little that so many people take it as a given that anything should be regulated and taxed, let alone EVERYTHING as it generally is now.