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I guess that they view purchase of shares as an investment. Options/futures are much more risky (hence considered a gamble) with a better return if you get it right, but they still consider them as an investment? When the option/future matures, you could end up buying the number of shares in a company (but not index).
Spread betting (I believe) is popular with traders in the UK, as once someone has used up their £8k capital gains allowance, they turn to spread betting as it is a gamble and tax free.
Do they have raffles in LOS, or is this considered gambling?
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