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Honestly, this sort of seems fine as long as they covered winners. It doesn't actually matter from a black box standpoint who took their bets as long as they w
by pfisch 8y ago
Honestly, this sort of seems fine as long as they covered winners.
It doesn't actually matter from a black box standpoint who took their bets as long as they were given the proper outcomes.
It isn't any different from running a casino really, except it has potentially better odds.
- wmf 8y agoYou know they probably can't cover the winners, though. The SEC doesn't make stuff like bucket shops illegal on principle; they make it illegal because people got scammed.
- zhte415 8y agoUntil one in ten thousand of the losing accounts hits the jackpot and Nonko can't cover it, thus taking down all customer funds in it's collapse.