Whether or not Robinhood gamifies trading, or encourages gambling, has absolutely nothing to do with PFOF.
Ultimately people should be able to do with their money as they please, include gambling it away on risky options trades. Bad trading is naturally self correcting.
You asked me what the inherent conflict of interest is top of thread. I stated it. The goal posts are firmly where they started.
Robinhood is getting paid to bring a product (the user) to market makers. If you’re not paying for the product you’re the product, all the jazz.
> Ultimately people should be able to do with their money as they please, include gambling it away on risky options trades. Bad trading is naturally self correcting.
Agree to disagree. We regulate smoking, alcohol, pharmaceuticals, gambling, and other behaviors that have self harm. This is no different.
Yes, I said that within the context of this thread, which is PFOF…
If you’re arguing that there’s a conflict of interest between Robinhood and its customers, then sure. But that’s got nothing to do with PFOF.
> Agree to disagree. We regulate smoking, alcohol, pharmaceuticals, gambling, and other behaviors that have self harm. This is no different.
Sure, I never said no regulation. You gotta stop with the strawman attacks. We regulate these industries, as we ought to do with finance, but we nonetheless allow people to drink/smoke themselves to death or gamble themselves into oblivion.
I’d rather live in a society where a small number people do enormous bad to themselves, over one where the state makes decisions for everyone.
Whether or not Robinhood gamifies trading, or encourages gambling, has absolutely nothing to do with PFOF.
Ultimately people should be able to do with their money as they please, include gambling it away on risky options trades. Bad trading is naturally self correcting.