h a l f b a k e r yIt's as much a hovercraft as a pancake is a waffle.
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Bets are made and paid off based on stock and futures markets. Shiny noisy games are used. Examples of the attractions:
Stock racing: Mechanical horses are tied to second-by-second stock prices, where the stocks are selected by the users.
Stock Slots, where the chance for a payout is only
based on the odds of a certain stock going up in value by a certain amount
Bond Blackjack: The value of your card is selected based on the least significant digit of the real value of a bond in ten minute's time. Payoffs are made after that time has expired.
Online stock trading: real money, fake stocks
Online_20stock_20tr...20stocks#1213889167
[xaviergisz, Jun 23 2008]
[link]
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How confident are you that an establishment offering exotic over-the-counter derivatives to retail investors (which is what this is) without the oversight of, say, the SEC, would successfully circumvent laws against casinos? |
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Can never happen, but I can't bring myself to dislike this idea. Have you been watching "Boiler Room" or "Wall Street" by any chance? |
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What did I say that sounded like, "no SEC oversight"? Or are you saying the SEC wouldn't allow this? Are there laws about these things? |
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I had this idea too, and would like to know why it couldn't
work. |
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How is this different from the actual stock market? |
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Because you're acting like a stockbroker, but using your
own money. |
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Sounds like a front end for spread betting. As long as someone
signs up to the t's and c's, should be ready enough. |
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