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Polymarket has flooded social media with deceptive videos by paid creators

wsj.com

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

#41

Post by j16sdiz »

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…

Most of their practice are illegal already. The problem is lack of enforcement.

We are not suing polymarket. We are not suing the marketing company. And we don't want online censorship.

IMO, the marketing company / media company should be sued. -- They are (relatively) easier target to sue. Many are US based and not going anywhere. With enough luck, this might give us a better internet with less SEO bullshit.

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

#42

Post by ok_dad »

recursive wrote: post #40
ok_dad wrote: post #34

Earlier quoted context omitted.

[flagged]

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

Yes I already said that he’s bad, don’t roast me, I’m trying to use nuance here like we’re supposed to.

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

#43

Post by ok_dad »

irishcoffee wrote: post #36
ok_dad wrote: post #30

Earlier quoted context omitted.

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?

You can’t download drugs and alcohol digitally.

Frankly, being able to buy drugs and alcohol online is probably a mistake, too.

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

#46

Post by Zambyte »

charcircuit wrote: post #39

Every ad is staged like this. The whole point is to make as good of an ad for the product as possible. Do you think in a food commercial the people eating the product are showing their genuine emotion? It's all acting.

This is like a food commercial where someone shows an extreme reaction to food that isn't the product they're selling, or acting like they're eating something that isn't food at all. There are laws regarding food advertising that require it to present the real food (though the presentation of it is usually way better).

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

#47

Post by matheusmoreira »

jcgrillo wrote: post #23
october8140 wrote: post #6

Is this fraud?

Isn't everything these days? It's all gotten so gross.

Yeah. It's so demoralizing, seeing all these people make fortunes while honest people scrape by. It feels like getting in on the grift is the only way to make it.

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

#48

Post by nemomarx »

irishcoffee wrote: post #36
ok_dad wrote: post #30

Earlier quoted context omitted.

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?

There wasn't some mass movement of people doing online gambling that led to the dam bursting and it getting legalized, though. Courts just made a different decision and opened it up one day and as far as I know there wasn't even mass lobbying about it?

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

#49

Post by SpicyLemonZest »

idle_zealot wrote: post #18
ceejayoz wrote: post #14

Earlier quoted context omitted.

> Would that be less fraudulent… Is this even a question? Yes, it would be less fraudulent.

I question your definitions. In what sense is it legally or morally useful to discriminate between lying with statistics and lying without them? It's an academically useful distinction, but why does it matter in practice? People are misled, the misleading is intentional, but if you hire a statistician to do it for you instead of an actor then you're A-Okay?

It's useful because honesty and dishonesty are strongly self-correlated. Someone who works hard to ensure their advertising is technically true will likely work hard towards technically satisfying other goals and rules we set for them; someone who's comfortable outright lying in their ads will likely also lie about other things.

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

#50

Post by geoduck14 »

irishcoffee wrote: post #36
ok_dad wrote: post #30

Earlier quoted context omitted.

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?

Prohibition was incredibly successful at reducing the amount of alcohol people drank
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