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[return to "Legalizing sports gambling was a mistake"]
1. United+2e[view] [source] 2024-09-26 16:27:13
>>jimbob+(OP)
Sports gambling should be regulated like we do day trading (basically another form of gambling) — require a some minimum threshold of money in the account to deter those without disposable income from gambling away their savings (for day trading it’s $25k).
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2. stouse+gt[view] [source] 2024-09-26 17:58:39
>>United+2e
Are you somewhere not-America? Day trading has zero requirements here.
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3. renata+3h1[view] [source] 2024-09-26 22:46:49
>>stouse+gt
America's requirements (https://www.finra.org/investors/investing/investment-product...):

> pattern day traders must maintain minimum equity of $25,000 in their margin account on any day that the customer day trades

> pattern day traders cannot trade in excess of their "day-trading buying power"

> If a pattern day trader exceeds the day-trading buying power limitation, a firm will issue a day-trading margin call, after which the pattern day trader will then have, at most, five business days to deposit funds to meet the call.

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