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Binary options "are determined by a straightforward 'Sure' or 'no' proposition: Will an underlying asset be over a particular rate at a specific time?"[21] Traders location wagers as to whether that will or won't happen.
[59] This positions binary options as a sort of gambling, as well as administrator in the trading as something akin to the casino, instead of an exchange or brokerage home.
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Pape observed that binary options are bad from the gambling standpoint also as a result of too much "property edge". One online binary options site paid $seventy one for each successful $100 trade.
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