3 ms·

I guess you'll also need to ban the stock market and cryptocurrencies as well, especially options and memecoins.

• alephnerd 2y ago
  At least for the stock market, the difference is the barrier to entry to being a "accredited investor" is significantly higher, and risk mitigation offerings exist. And gamification is regulated to a certain extent. Meanwhile gambling laws are a patchwork of legacy state, tribal, and federal laws.
  • sneak 2y ago
    You don’t need to be accredited to trade in securities (or derivatives!) in the US.
    • alephnerd 2y ago
      Ofc, but at scale you absolutely need to
  • theogravity 2y ago
    In the US, you can play the stock market with pennies. You just can't day trade if you have less than $25k worth of money / equity in your account. It won't stop anyone from playing with options.
    • alephnerd 2y ago
      > It won't stop anyone from playing with options But not at the same scale that you could while gambling.
• deleted 2y ago
  [deleted]
• lokar 2y ago
  If you “win” trading in the stock market no one kicks you off.
  • Jensson 2y ago
    They sure do if you win too much too quickly, almost exactly like gambling if you make the house loose too much money they kick you out. https://www.sec.gov/newsroom/press-releases/2014-229 https://www.sec.gov/newsroom/press-releases/2014-229 https://finance.yahoo.com/news/robinhood-halts-trading-amidst-global-082205615.html https://finance.yahoo.com/news/robinhood-halts-trading-amids...
    • lokar 2y ago
      Not the same thing