Unregulated, new gaming site to offer prize money for picking hot stocks

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Brian Hall, co-founder of ApeStox, says a key selling feature is the lack of licensing or regulatory obstacles typically required in the gambling industry From jefflagerquist

) as they pursue millennial and Gen Z customers, and look to cash in on growing interest in the stock market.Brian Hall, ApeStox co-founder and Canadian gaming industry lawyer

"The prize is distributed solely on the choices of the player. There's no intervening deck of cards or RNG or any element of chance," Hall said. "I'm confident if it ever got there, a judge would agree with me," said Hall."AGCO knows very well about this distinction. They've been in court on that very issue a number of times, so I don't worry that they're going to attack us."

Noting the success of fantasy sports giants DraftKings and FanDuel in shaping public policy in key U.S. states like New York, Hall says he actually favours a relationship with regulators at some point in time.

 

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