What Five Centuries of Civic Lotteries Built

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2026-06-05 19:55:18 -

Wagering and Dutch civic life developed in parallel, not in opposition. The mercantile culture that made Amsterdam the financial capital of the seventeenth century had already normalized probabilistic thinking as a daily practice — insurance contracts on cargo, speculative investment in land reclamation, options trading on commodity futures — and gambling sat comfortably within that...

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