As a clarification, I just want to make sure that by "gamblers" you were referring to the various Wall-Street one-percenters who repeatedly rape our economy. I don't mind millionaires (or billionaires) who actually produce something but it's aggravating that someone can take such a large percentage of the profit by simply shuffling money around.
I don't buy the "it creates market liquidity" argument for one minute ... we'd find the liquidity the market needs elsewhere.