Why do we need to reinvent the wheel again. There's a reason why these things are banned. And by the way, shame on all the podcasters and VCs who advertised those abominable 'platforms'. To name one, the cast of the All-in podcast
It’s everywhere. Bill Simmons. Makes me insane. How many individual podcast hosts actually control those advertising slots?
We haven't seen the worst of what gambling and prediction markets will do
481–490 of 741 posts
Re: We haven't seen the worst of what gambling and prediction markets will do
#482Maybe it's the separation of powers that's not working...
Re: We haven't seen the worst of what gambling and prediction markets will do
#483Earlier quoted context omitted.
You can, because the definition of gambling is loose. Magic The Gathering is gambling. You by a pack and hope you get a valuable card, no different than buying a lottery ticket and hope you win. Pokemon Go is also gambling. You pay to hatch eggs and hope you get a rare pokemon. I'm pretty confident the people who made these games don't consider their design to be evil or wrong. In fact, I'm sure they see themselves h…
I think Richard Garfield would not be a fan of the "gambling" or "speculation" parts of MTG. To the extent that they exist I do not think they contribute to the quality of the games or the amount of entertainment.
He’s not full time (or even part time) on MTG these days but he is often called in as a consultant.
Re: We haven't seen the worst of what gambling and prediction markets will do
#484The craziest thing here is that online gambling has been legal in the UK and Ireland for many years, and it's been such an obvious negative for those countries — and had been optimized brutally like any other tech product. When I moved over to the US a decade ago, I remember thinking 'well at least they're smart enough to have banned online gambling'. I am very pro personal liberties, but this stuff is weaponized to…
Re: We haven't seen the worst of what gambling and prediction markets will do
#485Earlier quoted context omitted.
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Big “you can’t fire me, I quit!” vibes. I’m guessing the Venn diagram of “companies who won’t hire ex-faang” and “companies who can afford to hire ex-faang” is basically just two circles.
Re: We haven't seen the worst of what gambling and prediction markets will do
#486Re: We haven't seen the worst of what gambling and prediction markets will do
#487Re: We haven't seen the worst of what gambling and prediction markets will do
#488Earlier quoted context omitted.
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If it is your company then this is fine, it is your money afterall, and can do as you see fit. If you are employed or have co-shareholders, you are managing someone elses money. And you are not supposed to act within your morals, but those of the company. It would be kind of hipocritical to act on your own morals using someone elses money - up to the point where it could be illegal misapropriation. And then taking th…
I am acting on my own morals when I work, shop, flirt, cook, shit, and ride my bicycle! My morals do not get to recuse themselves just because a paycheck is involved! What sort of evil cope is this??
Re: We haven't seen the worst of what gambling and prediction markets will do
#489Here's an alleged secondary effect of 2 in a quote by Polymarket founder Shayne Coplan[1]: “When I get hit up by people in the Middle East who are saying, ‘Hey, we’re looking at Polymarket to decide whether we sleep near the bomb shelter; we look at it every day’ and I’m like, ‘Oh, it’s really that popular over there?’” he added. “That’s very powerful. That’s an undeniable value proposition that did not exist before.…
I think the other side of the argument goes that (a) the bombings would happen anyway, and (b) bombing is very expensive so nobody actually profits from the insider trading. (The bombs "only" get marginally cheaper.) Thus the only actual effect is the early warning, which is a good thing in this case. Like if someone managed to figure out a way to make slightly cheaper bombs but with the tradeoff that the cheaper bom…
You don’t actually believe bombs are sold without out a proper margin.
Re: We haven't seen the worst of what gambling and prediction markets will do
#490This was just on the news:
"A reservist suspected of using classified information to place bets on the Polymarket prediction site served as a major in the Israeli Air Force, a Tel Aviv Court reveals.
The defendant was indicted alongside his alleged accomplice last month on severe security offenses, as well as bribery and obstruction of justice, after they allegedly bet on the timing of Israel’s opening strikes that kicked off the 12-day war with Iran last June.
The case was subject to a court-issued gag order, which was partially lifted this evening following a petition from several Hebrew-language outlets. The details of the case were cleared for publication, but the defendants’ names are still under wraps.
According to the indictment, the soldier was briefed on the June operation in a confidential meeting a day before it was carried out, then notified his civilian accomplice about the offensive. When Israeli warplanes were on their way to attack Iran, the reservist let the civilian know, and the latter placed a bet on the war’s timing.
The pair allegedly made $162,663 after winning the bet, which they agreed to split evenly between themselves."