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Is this fraud?
Is the real crime here that they were too lazy to lie with selective facts?
I was blown away how easy it was. I placed a bet with real money within 5 minutes of downloading the app.
They allow instant deposits with credit card, and ID verification was real time.
I can’t imagine that the extreme accessibility and the typical dark patterns deployed by every popular app won’t eventually end badly.
(I was also shocked that when looking at my credit card bill online, next to the Kalshi deposit line item it showed a promo “would you like to split this payment over 12 month?” and seemingly was only available for that one transaction. So I could have deposited $1000 via CC into Kalshi and paid it back $83/mo over 12 months.)
This industry is wild.
Is this fraud?
Would it matter if the bets were real and they picked the 0.00001% big winners to feature in the ad? Would that be less fraudulent in any meaningful sense, would it have a different impact on the world? Is the real crime here that they were too lazy to lie with selective facts?
Is this even a question? Yes, it would be less fraudulent.
I finally gave in to my curiosity and downloaded Kalshi last week to place a few bets on the World Cup. I was blown away how easy it was. I placed a bet with real money within 5 minutes of downloading the app. They allow instant deposits with credit card, and ID verification was real time. I can’t imagine that the extreme accessibility and the typical dark patterns deployed by every popular app won’t eventually end b…
Is this fraud?
Yes, it is 100% a misrepresentation of reality to fool the general public into joining a platform that condones deceptive user acquisition strategies.
There was no "promotes healthy whatever" it was like "this will make your skin younger and eliminate/prevent wrinkles and other signs of aging."
Then the quiet fast-talking guy said that none of their health claims have been reviewed by the FDA.
So that's where we are now. Everything is scams and nobody will do anything about it.
I finally gave in to my curiosity and downloaded Kalshi last week to place a few bets on the World Cup. I was blown away how easy it was. I placed a bet with real money within 5 minutes of downloading the app. They allow instant deposits with credit card, and ID verification was real time. I can’t imagine that the extreme accessibility and the typical dark patterns deployed by every popular app won’t eventually end b…
[flagged]
Earlier quoted context omitted.
Would it matter if the bets were real and they picked the 0.00001% big winners to feature in the ad? Would that be less fraudulent in any meaningful sense, would it have a different impact on the world? Is the real crime here that they were too lazy to lie with selective facts?
> Would that be less fraudulent… Is this even a question? Yes, it would be less fraudulent.
Earlier quoted context omitted.
Yes, it is 100% a misrepresentation of reality to fool the general public into joining a platform that condones deceptive user acquisition strategies.
I was listening to a podcast and heard an ad for supplements (I think it was collegian). The thing that struck me was the specificity of the health claims they were making in the ad. There was no "promotes healthy whatever" it was like "this will make your skin younger and eliminate/prevent wrinkles and other signs of aging." Then the quiet fast-talking guy said that none of their health claims have been reviewed by…
Is this fraud?