### Comment:
Yes but it’s underlying is an agreement with the option to buy or sell an equity, which is a real asset. By pure gambling I meant a bet, with no intrinsic value beneath it, just an exchange of money based on the outcome of an event. Unrelated to any tangible asset

### REPLY:
I guess we're just arguing semantics. Like in practice, I don't think anyone is _intentionally_ executing contracts.

### END.