Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Polymarket has flooded social media with deceptive videos by paid creators

wsj.com

Post reply on HN
Print view View original

81–90 of 424 posts

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

#81

Post by chasebank »

TheCowboy wrote: post #77
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…

How were you able to use a credit card when it's not a payment they accept?

They call it 'onramping'. Moonpay is a big one, coinbase has one, onramper is another. Basically Applepay / credit card -> ETH or SOL or USDC, etc, then lose away!

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

#82

Post by morkalork »

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. The corruption and rot is beyond the pale.

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

#83

Post by p1necone »

dang wrote: post #75
p1necone wrote: post #67

Earlier quoted context omitted.

Usually I agree with your calls on things being unsubstantive, but this one kinda seems fine? I don't think it's flame bait, just emotive language? And the substantive point being made is that online gambling should be illegal. (apologies if arguing about mod decisions is frowned upon, I didn't see anything in the rules about it)

If it were just the one comment I wouldn't have said anything; the issue is the pattern (note the word "repeatedly").

Fair, the comment history does paint a different picture.

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

#84

Post by advisedwang »

cm2187 wrote: post #66

I have news for you. That burger is the McDonald's commercial? It's most likely made out of plastic. That happy lottery winner? Probably a stock photo from one of the major visuals providers. And I am ready to bet my bankers don't have this hollywood white teeth looking of banks commercials. Since when is advertising real?

Yeah, but you know those are ads.

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

#85

Post by ExpertAdvisor01 »

bdangubic wrote: post #70
ExpertAdvisor01 wrote: post #69

Earlier quoted context omitted.

This would just push everyone to unlicensed casinos/bookmakers . Means no tax revenue + even worse player protection.

make this severely illegal with minimum two decades behind bars and what how they disappear… this is a very solvable problem which no one wants to solve

Good luck with cross-border enforcement.

Also the operator is completely legal/compliant with it's jurisdictions laws as they allow us players (many now blacklist the us, but some not )

So they won't accept any foreign judgement . That's why most countries rather target their infrastructure (psps/banking etc ..)

Even Eu countries had/have severe problems with Malta (due e.g Article 56A of the malta gaming act, which shields the operator from foreign judgements)

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

#86

Post by advisedwang »

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.

OK but you know that you're seeing an ad. These are ads that are pretending to be users just posting their experiences.

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

#87

Post by TZubiri »

owlninja wrote: post #33
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…

Predictions markets are more regulated than sports betting, because the events being predicted are wider, so they will naturally touch on a whole lot more regulation.

For example, can someone place a bet on an event that X person will be shot? That question now touches on a whole range of laws regarding murder, life insurance, incitation to violence, free speech? That you just don't touch at all in sports betting.

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

#88

Post by _carbyau_ »

geoduck14 wrote: post #50
irishcoffee wrote: post #36

Earlier quoted context omitted.

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

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

And increasing tunneling skills! And increasing car racing! (Though I still don't get oval racing.)

Prohibition had some unintended consequences.

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

#89

Post by what »

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…

>gambling sites

I think I’d probably go farther. Next time you’re in a corner store or gas station, pay attention to who is wasting their money on scratchers or other lotto tickets.

You shouldn’t be allowed to gamble unless you can prove it’s disposable income.

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

#90

Post by TZubiri »

ElProlactin wrote: post #54
holistio wrote: post #24

Earlier quoted context omitted.

Back in the good old days you needed a few more steps before you got into debt after gambling.

Back in the good old days non-payment of gambling debt was a threat to your knee-caps. Today, you might get cut off from Klarna and have to extend your next auto loan to 256 months.

Loan sharks that use threats still exist, non-bank personal lending funds use cold calling and connections with bankers and use non-staff third party callers to distance themselves from the consequences and reputation of threatening with violence.

So it's not like people need to go to shady lenders in the first place, they can be pipelined from normal credit card debt into less scrupulous debt collectors.

https://www.youtube.com/watch?v=BMntLU1bNE0

Post reply on HN