In this post, I argue that speculation is like water—it never stops, it just finds new channels. Using India’s gaming ban and global examples, I show why prohibition shrinks what’s visible but pushes play offshore or underground, and why channelisation with smart, coordinated regulation works better.
Speculation Is like water—it always finds a way
From a front-row seat in Indian markets, I trace how post-COVID tech and payments supercharged both investing and gambling. The essay makes a simple case: bans without internet, payments, platform, and cross-border enforcement just move the problem. Better to design the dam—keep play on regulated rails and cut harm.
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