News for hackers. Stuff that matters.

A comment on BitConnect Closes Exchange as States Warn of Unregulated Sales. Parent comment

Re:BitConnect Closes Exchange as States Warn of Unregulated ... by beefield on Wednesday January 17, 2018 @04:22AM (#16166599)
My understanding is that lotteries are quite open about the expected return that is heavily negative (and most people do understand that the expected return is negative). So they do not work the same way.
[ Parent | on HN ]
Re:BitConnect Closes Exchange as States Warn of Unregulated ... by conanbatt on Wednesday January 17, 2018 @04:43PM (#16172217)
Even if you are open to being a Ponzi, it is illegal in the U.S.

As another user says, the only legal Lottery is the one that is run by the State.

Isn't it interesting.

[ Parent | on HN ]