Some people say investing and gambling are two sides of the same coin—after all, both activities entail taking on some form of risk for financial gain. With the news that CME and FanDuel plan to collaborate to let users bet on market-related events, gambling and investing may seem more intertwined than ever.
But odds are this collaboration will do little for you, except empty your pockets.
To be clear, investing and gambling are not the same for a variety of reasons. One major distinction is that investors have access to relevant information that can help them make decisions. For example, Morningstar publishes stock ratings based on criteria such as a company’s competitive advantages, cash flow, debt, and leadership.
