That’s a fair stance to take — however, it’s worth noting that Tate already has participated in MLM/pyramid schemes before.
Most notably, Hustler’s University itself was designed from the ground up as a pyramid scheme through an affiliate marketing system. People paid in at $49/mo expecting lessons on how to make money (which were all publicly available on the Internet), but at the end they received instructions on how to promote HU. The profits they made (through copywriting, I believe it was) would then get funneled to the person who referred them via the affiliate link, and this gets chained up higher and higher, ending at Tate himself.
When I looked into the whole thing, there were so many 14 year old Fortnite squeakers on Youtube who also desperately pushed for people to sign up to HU using their own affiliate link. If you called this out they get hyper defensive and accuse you of spreading FUD. This alone says everything: HU was a textbook MLM scheme through and through, and I wouldn’t be surprised if this Real World Portal thing is just the same rebranded crap.