kalshi and polymarket are quite obvious gambling sites. any pedantic arguments to the contrary are strictly financial chaff to enhance their operating margins until the regulations finally catch up.
they were never an innovating marketing play... it was the culmination of a gambling company committing to regulatory capture as evinced by Donald Trump Jr (totally not) sitting on BOTH BOARDS as a "paid strategic advisor" or whatever lie they want to spin.
A week ago if you dared to say anything critical of polymarket you would be drowned out in replies talking about the "wonderful societal benefits" of gambling on daily life and how it "informs decision making" and helps the "common people".
I liked it for political races as an alternative to polls. Was terrible for several other things. 99% of it was really just sports betting, which I can't see being a good thing.
kalshi and polymarket are quite obvious gambling sites. any pedantic arguments to the contrary are strictly financial chaff to enhance their operating margins until the regulations finally catch up.
they were never an innovating marketing play... it was the culmination of a gambling company committing to regulatory capture as evinced by Donald Trump Jr (totally not) sitting on BOTH BOARDS as a "paid strategic advisor" or whatever lie they want to spin.
A week ago if you dared to say anything critical of polymarket you would be drowned out in replies talking about the "wonderful societal benefits" of gambling on daily life and how it "informs decision making" and helps the "common people".
I liked it for political races as an alternative to polls. Was terrible for several other things. 99% of it was really just sports betting, which I can't see being a good thing.
The genie's way out of the bottle with sports betting. Nonstop ads, branding tie-ins, billboards, podcast ads, on and on.
And it's terrible and going to destroy sports.
> I liked it for political races as an alternative to polls.
With enough funds, smaller political races can be gamed.
This is outrageous! They're tech founders! Penny-ante things like "the law" don't apply to them!
Somebody needs to tell Utah it needs to change its laws to adapt to their business plan, ASAP.