Basically, financial bets work similarly to "normal" bets on sports events. However, financial bets are not accepted by betting providers, but by brokers instead. Bets can be placed on currencies, stocks, commodities or indices, for example. Whoever correctly predicts a price development wins his Bet and receives a win paid out. However, participating investors should be aware that this is a speculation on quick wins solely on financial predictions. Accordingly, both the win and the loss Risk are high compared to conventional investment options such as overnight or time Deposit accounts. Incidentally, for tax purposes, financial bets are classified as capital investments and are therefore subject to capital gains tax. A popular example of the relevance of financial bets was GameStop shares. Within six weeks, the share price developed from 10.42 euros on December 15, 2020, to as high as 418.40 euros on January 28, 2021.