I can only speak from a UK perspective, but many financial instruments can be used in a gambling sense by retail "investors". In 2019, our regulator banned bina

I can only speak from a UK perspective, but many financial instruments can be used in a gambling sense by retail "investors". In 2019, our regulator banned binary options, saying this: "Binary options are gambling products dressed up as financial instruments. By confirming our ban today we are ensuring that investors don’t lose money from an inherently flawed product." https://www.fca.org.uk/news/statements/fca-confirms-permanent-ban-sale-binary-options-retail-consumers#:~:text=The%20FCA's%20rules%20are%20permanent,claiming%20to%20offer%20these%20products https://www.fca.org.uk/news/statements/fca-confirms-permanen.... Sound familiar? They also highly regulate CFDs and other financial instruments that are marketed to retail.