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. lokar · 1790701965 · focus · HN ↗

         The accredited investor standard is higher then a basic test.

         1. doctorpangloss · 1790706976 · focus · HN ↗

            the accredited investor standard is, a checkbox

            its purpose is simple. if you lose the money of sufficiently powerful people, as a middleman, the standard exposes you one more kind of legal jeopardy.

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