Futures contracts exist as insurance contracts. The fact that people can trade them as gambling items doesn't mean they exist as gambling.

Almost anything can be gambling if you make it gambling. Effectively all the assets in the securities world that can be bought and sold as derivatives exist to facilitate and existing industry by offsetting risk.

There is a world of difference between someone treating corn futures as a roulette wheel, and an entire industry existing whose sole purpose is pure gambling with all of the negative externalities that fall out of that:

>I reported an Iranian missile strike... then gamblers who had wagered millions on a deranged bet threatened to kill me

https://www.dailymail.com/yourmoney/article-15651989/polymar...