Quote:
Originally Posted by PokerXanadu
The wording of the laws.
As a general principle, laws (such as state laws) say that gambling is illegal. The law will include a definition of gambling, usually along the lines of risking something of value to receive something of value dependent upon an uncertain outcome. The law will then enumerate exceptions that are specifically excluded from this definition, which usually includes stock/bond/money market transaction of all types. Thus, binary options is excluded from the definition of gambling and therefore does not fall under illegal acts under the law.
EXCEPT quite apart from a gambling law analysis, offering binary options itself may be a regulated business, as a financial services company may require extensive licensing and regulatory compliance.
