I've used the app sparingly in the past with "fun money" but haven't done serious investing with it.
The industry regulations would indicate otherwise. Generally, the “dumber” the money, the more regulatory protections that will apply. At their core, financial regulators are consumer protection entities.
What stops me from liquidating my 401k and investing all of my money into a company that misses their earning goals this week? Where does the US SEC come into play here?
Doesn’t mean you should though. Also Vegas doesn’t have the reputation for capital preservation and growth that brokerages have.