6 ms·

I think a big difference here is that bucketeers knew they weren't actually buying the securities, and just waging against one another. The scheme in the articl

by cissou 8y ago

I think a big difference here is that bucketeers knew they weren't actually buying the securities, and just waging against one another. The scheme in the article is like a combination of a bucket shop and a concealed ponzi scheme

arethuza 8y ago
Is running a bucket shop still illegal even if you are open with everyone that it is a bucket shop and people are just gambling?
- pjc50 8y ago
  That usually falls foul of gambling laws.
- tim333 8y ago
  The modern equivalent is spreadbetting. We have loads in the UK.