The craps table is marketed as a gambling game and has a published payout figure. Startups crowdfunding for equity usually have a slick pitch video about how this excellent opportunity to tap into a £1bn market is a great investment.
An opportunity which for a retail investor with adverse selection problems and no influence over company decisions is likely a vastly worse "investment" compared with a game of craps (the expected return on craps is probably less negative and the probability of at least breaking even is certainly higher at the craps table)
And people comparing crowdfunding with "regular stocks" - even on here where it's well known most startups fail - are prime example of which the public in general doesn't know enough about investment to consider it...
And people comparing crowdfunding with "regular stocks" - even on here where it's well known most startups fail - are prime example of which the public in general doesn't know enough about investment to consider it...