It would be interesting to see some thorough research on this topic. I would say that a large majority of investing, especially newer forms that occur via apps

It would be interesting to see some thorough research on this topic. I would say that a large majority of investing, especially newer forms that occur via apps such as Robinhood, in form and outcome would be indistinguishable from gambling. > But unlike a sportsbook, I don't think you have the same risk of abuse. I doubt this is true. You see the exact same behaviours between online day traders as you do online gamblers. Both share tips, have a sense that they are in the know about performance beyond that of the average 'punter' and use apps that are gamified and have dark patterns encouraging continual use and abuse. I would also say they are primarily used by the same demographics – male, skewing younger who are high risk, low real world experience individuals who either get fully addicted and don't learn their lesson or those that get burned early on, 'grow up' and learn not to continue to waste money on such endeavours.