[solosoyokaze]

There are plenty of old people buying lottery tickets.

All of these justifications are just an excuse to erect artificial barriers around the early stage market (aka where all the upside is). People should be free to spend their money as they see fit, even if that means shoveling it into a campfire.

[vinceguidry]

The lottery isn't a scam, it won't call you at bedtime threatening devastating legal action unless you take care of this very urgent business matter.

[solosoyokaze]

If that's the criteria for scam, investing in GameStop or early stage companies is also not a scam.

[vinceguidry]

No, but the Jordan Belforts of the world very much are.

[solosoyokaze]

Fraud and extortion are already illegal. It's totally possible to allow non-accredited investors access to early stage deals and continue to disallow fraud.