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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

#101

Post by SJC_Hacker »

what wrote: post #94
jmilloy wrote: post #73

Earlier quoted context omitted.

In the US, the FTC is very clear that faking or purchasing testimonials is illegal. Fabricating, purchasing, or misrepresenting customer experience is deceptive advertising and is a form of fraud. On the other hand, selecting and advertising specific real testimonials is fine. A customer described their actual experience that way, and presumably the consumers understand that advertisers will select especially positiv…

> Fabricating, purchasing, or misrepresenting customer experience is deceptive advertising and is a form of fraud. Doesn’t this make every ad fraud? It’s an actor pretending to enjoy drinking Coca Cola, every ad is the same.

How do you know the actor is merely pretending ? Maybe they actually it?

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

#102

Post by jmcgough »

nemomarx wrote: post #48
irishcoffee wrote: post #36

Earlier quoted context omitted.

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?

fanduel and draftkings poured massive amount of money into advertising, pumping their numbers to make it seem like gambling was too big to stop.

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

#103

Post by LPisGood »

tills13 wrote: post #98
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…

Instant deposit via credit card? Is that not considered a cash advance?

It is, and I know someone who found that out the hard way during the Super Bowl.

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

#104

Post by parpfish »

what wrote: post #89
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.

we prevent people from gambling on early stage startups and risky investments by limiting investment to "accredited investors". same thing should apply to gambling.

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

#106

Post by jmcgough »

JumpCrisscross wrote: post #61
ok_dad wrote: post #43

Earlier quoted context omitted.

You can’t download drugs and alcohol digitally. Frankly, being able to buy drugs and alcohol online is probably a mistake, too.

> You can’t download drugs and alcohol digitally It was almost certainly easier for most people to buy drugs than gamble illegally when both were illegal.

Most states had lotteries before this though. At least those brought in tax money and were designed to be relatively fair. Online gambling can shut down your account and refuse to pay if you get too big of a payout, and their money isn't going towards public schools.

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

#107

Post by kennywinker »

TZubiri wrote: post #87
owlninja wrote: post #33

Earlier quoted context omitted.

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.

Lol. This is some quality sv psychosis content.

But ok, let’s follow your thought process. Couldn’t someone place a bet on a sporting event and then murder a key player? Wouldn’t all the same laws be triggered?

Laws against criminal activity aren’t regulations. Regulations are limitations and oversight requirements on business activities.

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

#108

Post by BrenBarn »

EA-3167 wrote: post #31
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.

Citizens United gets a lot of flak, and it wasn't good, but it's far from the only factor here. We can at least go back to Buckley v. Valeo which gave us the idea that "money is speech". Corporations are a problem, but money is a bigger problem.

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

#109

Post by wodenokoto »

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?

While the dressed burgers aren’t exactly edible, they are a far cry from being plastic.

McDonald’s Canada famously gave a candid behind the scenes of dressing a burger:

https://youtube.com/watch?v=Pbh1UAWLOgU&ra=m

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

#110

Post by [deleted] »

ExpertAdvisor01 wrote: post #85
bdangubic wrote: post #70

Earlier quoted context omitted.

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…

[deleted]
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