From the Daily Finance article on Cantor Fitzgerald becoming a bookie:

(Cantor Fitzgerald employee Andrew) Garrood seems less concerned. He makes the in-running operation sound easy for a company like Cantor, which he says handles $150 trillion in Treasury business each year. “This is an application of what Cantor has always understood,” he says. “It’s just dressing up the emperor in new clothes.”

He wouldn’t dare be implying that the finance industry exists to facilitate betting, would he?