Connect with us

Hi, what are you looking for?

Tech News

Robinhood admits it’s just a gambling app

“We take pride in the fact that we are expanding the market by welcoming new investors into the financial system.” – Robinhood’s S-1 | Illustration by Alex Castro / The Verge

US citizens can gamble on the upcoming election on Robinhood, the financial nihilism app announced. Robinhood has termed this “unlocking a new asset class that democratizes access to events as they unfold.”

Let’s pause — I would like to reflect on this incredible phrase, about an asset class that democratizes access to events as they unfold. See, I thought we all had access to the events of the election because we all exist in reality and can find out about them. But apparently, if we can’t gamble on an event, it isn’t happening. This is a fascinating vision of metaphysics, and I would like to hear more about it. No one bet on my birth, for instance, and thus there is no asset class relating to my existence. So am I real?

Continue reading…

You May Also Like

Editor's Pick

David Inserra Last week, Australia dropped its revised Combatting Misinformation and Disinformation Bill 2024, and it’s about two sandwiches short of a picnic. The...

Editor's Pick

So the first Fed rate cut is behind us, and we are no longer in a “higher for longer” period, but in a new...

Editor's Pick

Krit Chanwong and Scott Lincicome In a new Cato policy analysis out today, September 19, we show that state and local corporate subsidies have...

Editor's Pick

Colleen Hroncich Erica Paul and Anna Utley were homeschooling their children and attending a Pittsburgh-area co-op for enrichment activities twice a month. “It was...