Trading

The NYSE chief says trading isn’t like gambling – academics disagree

Academic research suggests stock-market trading and more traditional gambling have quite a bit in common

With the wild moves in the stock of GameStop and AMC Entertainment, or last week in cannabis makers, it's not illogical that some think of the stock market as a casino, a description recently used by Senator Elizabeth Warren, the Massachusetts Democrat.

In an interview with Axios that was aired on HBO, Stacey Cunningham, the president of the New York Stock Exchange, a unit of the Intercontinental Exchange, said she rejected that comparison.

WSJ Logo