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Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence

reuters.com

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Re: Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence

#101

When I see people making money on Iran attacks, and murder of heads of state - it shows clearly something is deeply wrong with Polymarket. Its a level worse than Vegas or Indian casinos. A literal ticket to hell. I'm all for banning these evil sites.

[flagged]

Re: Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence

#103
post #85

Are they still doing blocks so configuring either Google's DNS or Cloudflare DNS will still unblock the sites?

Seems the blocks aren't in effect yet, I'm on Spanish ISP (Vodafone) here and can still access polymarket.com and kalshi.com. Traditionally, Spanish ISPs tend to do DNS blocks yeah, at least when it comes to long-lasting piracy and other "clearly illegal stuff" like Women's rights.

It not until recently ISPs got asked to do blocks by IP, as Cloudflare wasn't responding to legal takedown requests, hence we currently seem to experience both types of blocking, but the IP-based blocking happens a few hours per week, the other ones are permanent.

Re: Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence

#104
post #13

These - especially Polymarket - should be illegal globally, as they incentivize people with power to manipulate the real world in horribly destructive ways to win a bet. I would not be surprised if people are murdered at some point to reap the payout of some related bet.

> should be illegal globally Let's not pretend that Spain of all places is caring about horribly destructive psuedo-gambling. Banning "unregulated gambling" is just pressure to make sure that the Spanish gambling racket stays intact for the bookies already at the top.

I don’t see the need to have gambling, but if they are going to have it, I can see some merit to the idea of making sure the proceeds of these silly games at least stay local. It’s not like engineering or something, where protectionism allows local businesses to survive while falling behind the global market, resulting in worse products.

Re: Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence

#107
post #40
post #37

Earlier quoted context omitted.

how's it related to the Cloudflare ?

spain also blocks cloudflare for copyright infringement

To be a bit more specific, some Cloudflare IPs are unavailable for a few hours a week as Cloudflare, compared to other CDNs, aren't responding or acting on legal requests from Spanish judges.

Re: Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence

#108

Earlier quoted context omitted.

> as they incentivize people with power to manipulate the real world I would argue that the ratio between "power" and "money to be won" is too big (at least right now) for this to materially matter. No fortune 500 CEO is going to postpone a product launch so they can win $5,000 on polymarket. But some random guy will get his hair dryer to win a socially meaningless weather bet. It's not discussed often, but the liqui…

The CEO of Coinbase finished an earnings call by reading all the buzzwords you could bet on to be mention during the call. So a CEO can manipulate these things and who knows if it was just a marketing thing or if he shared his plans.

Downvotes on HN is always fascinating. Source: https://www.msn.com/en-us/money/markets/coinbase-ceo-s-bizar...

Re: Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence

#109
post #101

When I see people making money on Iran attacks, and murder of heads of state - it shows clearly something is deeply wrong with Polymarket. Its a level worse than Vegas or Indian casinos. A literal ticket to hell. I'm all for banning these evil sites.

[flagged]

>It’s icky to see someone make a moral argument to have something banned

Which are valid arguments in your opinion?

Re: Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence

#110

These - especially Polymarket - should be illegal globally, as they incentivize people with power to manipulate the real world in horribly destructive ways to win a bet. I would not be surprised if people are murdered at some point to reap the payout of some related bet.

Insider trading is already illegal. What needs to be regulated is not markets, it is politicians. Once that is done, markets can peacefully continue the way they are.
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