GameStop the Market: Big Bets on Stock Make Wall Street Look Like a ‘Casino’ <source:casino.org> The biggest bets made over the past couple days haven’t been placed in a casino on the Las Vegas Strip. Instead, the action’s taken place on Wall Street, as a group of stock traders on Reddit have aimed at hedge fund traders, who have made high-stakes wagers that businesses like GameStop and AMC Entertainment would stumble. The Stock Market is a Fun Casino <source:ritholtz.com> The stock market works as if people were investing money in companies; some indirect mechanism ties the secondary trading of stock to the allocation of capital. 1  And of course in the limit companies can raise money by selling stock. So buying stock is like investing money in a company in exchange for partial ownership of its projects, and the amount you should pay for a stock is basically the discounted present value of...