alt Hacker NewsLots of countries have managed to legally define gambling and ban it without making stock trading illegal. Even the US. This isn't some gotcha.
Lots of countries have managed to legally define gambling and ban it without making stock trading illegal. Even the US. This isn't some gotcha.
That would require a functioning legislative branch that could pass laws. However a major political program of the past decades has been to gum up Congress and prevent its functioning. There's very limited bandwidth to accomplish legislation, and there's hundreds of good fixes that can't fit through, so I doubt the US will be able to fix this anytime soon, unless there's bigger scandal.