Running a bucket shop is not innovation. Running a back-alley card game is not some brilliant new financialization of anything. Hustling financially illiterate or gambling-addicted suckers for their last quarters is really not about to herald a new era of anything interesting at all.
You would have to be a modern American to have so little clue about the types of frauds and scams that continue to be perpetrated to this very day that gave rise to the financial regulations we have now. There's always ways to improve regulation, but it's almost pathological how Americans refuse ever to acknowledge that there could be a huge body of law and volumes of history that might just explain the way things are. RTFM
You would have to be a modern American to have so little clue about the types of frauds and scams that continue to be perpetrated to this very day that gave rise to the financial regulations we have now. There's always ways to improve regulation, but it's almost pathological how Americans refuse ever to acknowledge that there could be a huge body of law and volumes of history that might just explain the way things are. RTFM