Thread

1. morelandjs · 1790701464 · focus · HN ↗

   I like how you have to be an accredited investor to get involved with riskier investment instruments but you can be a total moron with no money and lose whatever you have left betting on sports and prediction markets.

   Btw it’s not just those two, add iGaming into the mix which is cell phone gambling glammed up in Candy Crush form. Leeches, all of them.

   1. WarmWash · 1790701683 · focus · HN ↗

      To be fair, those "investor knowledge" checks are self-reported knowledge.

      Some brokerages are more strict, but plenty just let you check boxes.

      1. svachalek · 1790701832 · focus · HN ↗

         "In the United States, to be considered an accredited investor, a natural person must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year, or must otherwise be a holder of a specific license in good standing."

         Of course you can still lie but legally there is a line.

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