Any lawyers here want to give an opinion on whether - from a legal perspective - this is a Ponzi scheme or a gambling site? And if it's a Ponzi scheme, are the people participating complicit in a crime?
Just because it calls itself a Ponzi scheme doesn't make it one - is it fraud when the scheme is openly labelled as such? OTOH I can see some people arguing it's not that clear that the scheme is unsustainable without further thought, research, or existing knowledge of pyramid schemes, and that it entails an unstated high element of risk, so in that sense it may be misleading.
Just because it calls itself a Ponzi scheme doesn't make it one - is it fraud when the scheme is openly labelled as such? OTOH I can see some people arguing it's not that clear that the scheme is unsustainable without further thought, research, or existing knowledge of pyramid schemes, and that it entails an unstated high element of risk, so in that sense it may be misleading.