Can anyone explain why regulators wouldn't just smack this down if got big? I can't imagine you can create a mirror stock market without going through some regulatory channels.
In case you've not been paying attention - for the most part the regulators are currently sitting scared in the corner, and not even Musk tweeting asinine stuff like "SEC = Suck Elon's Cock" is able to bring them to action. As always, you get serious enforcement actions only on the down leg, when the public opinion is again behind you.