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On “Confetti Regulation”: The Wrong Way to Regulate Gamified Investing
The Yale Law Journal  (IF5.32),  Pub Date : 2022-01-17, DOI:
Kyle Langvardt, James Fallows Tierney

Robinhood and similar investment apps bear a disturbing resemblance to video slot machines. This kind of “gamified” product design drives investors to lose money by overtrading. But if regulators try to cure the problem by de-gamifying the software, they will pick a First Amendment fight that securities law cannot afford.