The rules are indeed a little ridiculous, especially when juxtaposition against ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

gbelote on March 26, 2014 | parent | context | favorite | on: Aug. 1, 2012: When Oculus Asked for Donations

The rules are indeed a little ridiculous, especially when juxtaposition against gambling.

The distinction is in the process of being removed with the JOBS Act. It was signed into law in 2012 but the SEC has been slow to enact the regulations. Hopefully it can be used to support the future Oculuses! (Occuli?)

jiggy2011 on March 26, 2014 [–]

The difference is that gambling firms usually aren't allowed to advertise by promising a positive expected ROI.

humanrebar on March 26, 2014 | [–]

So you're saying there's a technical solution to this problem and the $1M threshold isn't necessary.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact