Crowdfunding Gambling
Crowdfunding Gambling Websites
As the old advertising slogan nearly had it, the reaction of most financial professionals to the rise of crowdfunding has been to shout: 'I Can't Believe It's Not a Totally Unregulated Securities Market!' In the last few months, several senior industry voices have been calling for a minimum investment size of £1,000 to protect small investors from the risks involved. But the rise of equity crowdfunding gives us an opportunity to think about what kind of regulation is actually needed, and what place we should see different kinds of capital markets having in the industrial society of the future. In particular, what do we mean by 'investment', and how does it differ from 'gambling'?
(April 2017) (Learn how and when to remove this template message) Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance. Crowdfunding opens the door for female investors in the same way that online gambling opened up betting for those women to nervous to go into the traditional high street bookie. Indiegogo is the largest international crowdfunding platform that also has a gaming category. For individuals without an American citizenship or residence, this is a Kickstarter Alt. 8-Bit Funding is a crowdfunding website that was dedicated to indie game developers. These crowdfunding platforms make asking for that money much easier, and even let you give your donors and supporters a little something in return. Note: All rates and fees were current at the time of writing, but are subject to change. Check each crowdfunding platform for the most up-to-date information. Image by: Olga DeLawrence on Unsplash.
Crowdfunding Gambling Companies
The concept of equity crowdfunding is pretty simple. Rather than going through the process of getting listed on a stock exchange, startup companies can sell shares directly to the public – either by marketing them directly to their existing customers, like Brewdog, or by advertising them on platform websites like Crowdcube or Seedrs. It is by no means entirely unregulated – many platforms are regulated by the FCA and carry out at least a degree of due diligence to weed out frauds. So far, in fact, there has only been one major fraud selling shares to the public via crowdfunding (Ascenergy, in America), and none so far in the UK. But what we have seen is a large number of business failures of crowdfunded companies, including several cases which failed so quickly they raised the question of whether there was really a viable business there at all.