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I think the SEC would view that as an unregistered put option (only legal for accredited investors), though I can imagine a gentleman’s agreement to quietly set

I think the SEC would view that as an unregistered put option (only legal for accredited investors), though I can imagine a gentleman’s agreement to quietly settle it in cash.

bpodgursky 5y ago
Yeah I mean, you also can't really bet on football games, but...