> Robinhood walks a really fine line between a reputable broker and legalized gambling. There isn't much difference between Robinhood app and a casino app. I'm

> Robinhood walks a really fine line between a reputable broker and legalized gambling. There isn't much difference between Robinhood app and a casino app. I'm surprised they have been allowed to turn stock trading into a game. Mostly because not everyone is bound by that distinction. Many people recognize that the need for there to be a difference between financial games is purely cultural or religious. Even the delineation between positive expected value games (buy and hold investing) and negative expected value games (table games at casinos) is not so binary with derivatives. The reason this discrepancy exists in the US is because states regulate casinos and property and the federal government regulates the subset of property that are deemed securities. But despite the supporting culture, the Federal government is actually quiet on gambling, except to maintain a prohibition on financial services helping transfer funds to online gambling, allowing states to maintain their monopolies. For me, it doesn't matter, I like to know the rules or lack thereof for whatever game I happen to be playing. For me, energy is better spent towards fixing structural issues, such as DTCC and antiquated mandates on long settlement times, which should be much shorter.