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I'm not saying everything is perfect. There are currently no roadblocks between a gambler and the markets, and that needs to change. Brokerages need to be more stringent about margin & options account applications & addictive app UI needs to change.
At the end of the day though, if CrazyApe69 wants to gamble his life savings on $TSLA weeklies against everyone's warning, who are market makers to stop him? Whether it's Citadel filling his order, or Virtu, or an exchange, does it change anything about what CrazyApe69 wants?
My opinions on this topic are still evolving - pushback is more than welcome. I'll be diving more into this debate in this Friday's newsletter - sign up below so you don't miss it:https://frontmonth.substack.com/
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