He's a buffoon, but I agree with him in equating playing the stock market to gambling.
I'm not sure I understand the proposal. Large and influential betting syndicates already exist and what he's describing seems pretty similar. One major difference: betting syndicates understand that operating with as little attention as possible is in their favor, while that runs completely contrary to Cuban's every vainglorious instinct.
**** Yahoo for making that a-hole famous.