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Polymarket has flooded social media with deceptive videos by paid creators

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Re: Polymarket has flooded social media with deceptive videos by paid creators

#31

Post by EA-3167 »

cogman10 wrote: post #25

All these gambling apps need regulation. And I fear they are buying politicians precisely so that doesn't happen. If I were to have my way, I'd put a law in place that limits bets to $5 max and monthly bets to $150 per month. Letting them go higher encourages some of the worst aspects of society. We will see crazy things like athletes being injured or murdered in order to win bets. We are already seeing crazy things…

Just another hearty dividend thanks to corporate personhood and Citizen's United. Rarely has a single decision so thoroughly broken our system, but the regulatory capture is plain to see these days.

Re: Polymarket has flooded social media with deceptive videos by paid creators

#32

Post by qlte »

pesus wrote: post #22
jordanb wrote: post #16

Earlier quoted context omitted.

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…

I agree with your point in general, but doesn't that disclaimer apply to any kind of supplement? As far as I know that sort of thing has been allowed for quite some time. For whatever reason the FDA allows for an almost completely unregulated vitamin/supplement industry.

It's not up to the FDA, their hands are tied thanks to the Dietary Supplement Health and Education Act of 1994, sponsored by Senator Orrin Hatch from Utah on behalf of the supplement lobby.

https://en.wikipedia.org/wiki/Dietary_Supplement_Health_and_...

https://www.npr.org/sections/health-shots/2018/12/31/6738513...

Re: Polymarket has flooded social media with deceptive videos by paid creators

#33

Post by owlninja »

cj wrote: post #12

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…

I read a book this year about sports gambling in the US [1], and it points out how nasty and predatory it is. I think "prediction markets" have even less regulation? I would talk to my sports fan buddies at work and they would say "oh, just how sportsbooks in Vegas operate already", but this is on-demand, in your face, constantly nudging you to bet with dark patterns and "comps". I used to want sports gambling legal in the US, but the way it has gone is incredibly disgusting and is starting to make watching sports almost annoying. The crawl on the bottom is no longer scores, but moneylines...

[1] "Everybody Loses: The Tumultuous Rise of American Sports Gambling" (2026) by Danny Funt

Re: Polymarket has flooded social media with deceptive videos by paid creators

#34

Post by ok_dad »

dylan604 wrote: post #19
jordanb wrote: post #16

Earlier quoted context omitted.

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…

I don't see an end to any of it when the Grifter-in-chief is in office.

[flagged]

Re: Polymarket has flooded social media with deceptive videos by paid creators

#35

Post by Mobius01 »

I remember in 2006 when online sports gambling was banned, and witnessed first hand some sleaze bags flee to Costa Rica where many of the actual operations were located. What I witnessed regarding addiction and exploitation put me off sports for a long time. Now here we are, with the tech industry and political capital behind it, this time engineered to engulf the entire population. It's repulsive.

Re: Polymarket has flooded social media with deceptive videos by paid creators

#36

Post by irishcoffee »

ok_dad wrote: post #30
cogman10 wrote: post #25

All these gambling apps need regulation. And I fear they are buying politicians precisely so that doesn't happen. If I were to have my way, I'd put a law in place that limits bets to $5 max and monthly bets to $150 per month. Letting them go higher encourages some of the worst aspects of society. We will see crazy things like athletes being injured or murdered in order to win bets. We are already seeing crazy things…

We should just make gambling illegal online again, things were fine back when you couldn’t gamble online then, at least in the USA, the fucking supreme corpo guzzlers (formerly the Supreme Court) interpreted the laws according to their owners will and now we have gambling online.

Probation was a thing, too. How did that turn out?

Re: Polymarket has flooded social media with deceptive videos by paid creators

#37

Post by ipython »

ok_dad wrote: post #30
cogman10 wrote: post #25

All these gambling apps need regulation. And I fear they are buying politicians precisely so that doesn't happen. If I were to have my way, I'd put a law in place that limits bets to $5 max and monthly bets to $150 per month. Letting them go higher encourages some of the worst aspects of society. We will see crazy things like athletes being injured or murdered in order to win bets. We are already seeing crazy things…

We should just make gambling illegal online again, things were fine back when you couldn’t gamble online then, at least in the USA, the fucking supreme corpo guzzlers (formerly the Supreme Court) interpreted the laws according to their owners will and now we have gambling online.

Exactly. Gambling in the real world involved friction. That plus a certain social stigma if you gambled outside of “mainstream” casinos.

And this helped weed out all but the most addicted gamblers. Now there is no friction, the platforms are free to create dark patterns to encourage problem gambling, and the vice has zero social cost.

Re: Polymarket has flooded social media with deceptive videos by paid creators

#40

Post by recursive »

ok_dad wrote: post #34
dylan604 wrote: post #19

Earlier quoted context omitted.

I don't see an end to any of it when the Grifter-in-chief is in office.

[flagged]

I mean maybe Trump also caused it but there's no way he's just an innocent bystander here.
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