[SilasX]

So, let's say I market the crowdfunding shares as an entertainment product. Then it could become a legal model?

Relatedly, I had the idea to sell small shares of (legit, regulated) far-out-of-the-money options as lottery tickets. As investment products, they're legal, but work like lottery tickets in that you have a tiny chance of winning big (e.g. if the underlying security has a sudden, sharp shift in price).

[tptacek]

Yes. That is, for instance, how Kickstarter works.