That's a bit of a loaded question.

If "laypeople" just means "not financial industry insiders", then no, it's not necessarily bad.

If "laypeople" means "people who haven't bothered to spend any time at all learning how the market works (or at least, how it's supposed to work)", then yes, it's a very bad idea. For those people, the market may end up being functionally equivalent to a casino, but without the free drinks.