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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

#131

Post by m00dy »

manwithopinions wrote: post #72
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…

The U.S. is quite far behind the rest of the world on sports betting, which means you don’t even need to imagine, we know from other countries that it doesn’t end well. The most worrying aspect is, the current U.S. government has no interest in the regulations that have helped minimise the problems in other countries. The U.K’s highest earner for a few years running was the founder of a U.K. betting site, she had som…

I personally never met her but Bet365 is one of the most protected sites on the internet when it comes to antibot protections. When I started my company in 2025, I had two customers from UK, they were very much interested in odds for horse races from bet365, mostly realtime. Bet365 knew I was coming for them.

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

#132

Post by csomar »

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…

That will make things worse unless you reign in crypto. If you regulate Kalshi, people will use the unregulated polymarket which is already illegal in the united states.

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

#134

Post by jamesfinlayson »

herpderperator wrote: post #124
LPisGood wrote: post #103

Earlier quoted context omitted.

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

A cash advance is taking physical cash out with your credit card at an ATM or bank teller. Making an online purchase (which depositing money into your Kalshi account is) is therefore not a cash advance.

In Australia any sort of gambling payment on a credit card is treated as a cash advance. If you use PayPal on top of your credit card, the credit card company still manages to introspect it and apply a cash advance fee.

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

#135

Post by baobabKoodaa »

ph4rsikal wrote: post #113
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…

The on-ramp in crypto is incredibly well built out. But then, once you are in the fake money world, you will notice that the off-ramp doesn't exist.

Off-ramp does exist. Stop lying.

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

#136

Post by baobabKoodaa »

idle_zealot wrote: post #11
october8140 wrote: post #6

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 fraud "more fraudulent" than non-fraud? Yes. Wtf man?

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

#137

Post by flowerthoughts »

The alternative would be to ask both sides of the bets to record a video, and tell them to only post winning bids, but to pay out to both sides. Is that really better? Classic tactic by the bet picking gambler gurus and is impossible to confirm.

I guess Polymarket too will learn to be more subtle now.

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

#138

Post by duskwuff »

ipython wrote: post #37
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.

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.

The dark patterns aren't just in online gambling. Nowdays, a lot of brick-and-mortar casinos encourage, or even require, clients to create an account (often framed as a "members club" or "rewards card"), which is used to track the client's activity at the casino and target them with promotions tailored to their behavior. These can be used in some really troubling ways, e.g. by identifying clients who may have a gambling problem and targeting them with promotions to come back to the casino more often, to stay longer, and/or to start placing larger bets.

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

#139

Post by ok_dad »

dang wrote: post #55
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.

Could you please stop posting unsubstantive comments and flamebait? You've unfortunately been doing it repeatedly, and we've had to ask you many times not to. It's not what this site is for, and destroys what it is for. If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful. (p.s. Just to pre-empt the usual: no, this i…

There’s no flame bait here just some swearing and rough language. I’ll cut back because you asked (once, I’ve not seen your responses other than this one), but I don’t think I’m out of line.

Also if people were downvoting my comments it’d be different but it’s just you for a frw recent ones down modding then, because before you get here they were up or even. Moderators should focus on those truly displaying bad behavior, I’m just swearing and saying relevant things.

I have a very long history of good comments here, arguing otherwise seems suspect, honestly.

I’ll back off like you say but I don’t agree at all. I’ve read the guidelines and tend to follow them.

Edit: I see like 3-4 questionable comments from me, two of who’ve are barely questionable. I get what you’re saying about the language but it’s really amazing you’ve targeted me here today, this us such low hanging fruit here, don’t you have better things to deal with? I’ll write better comments but I’m just really annoyed at your characterization of my behavior, it is very unfair in my eyes. I’ve done very good comments for ages and emotional language like this is rare for me. I expect better from mods here.

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

#140

Post by ok_dad »

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").

You haven’t said anything, or at least I haven’t seen it. There’s no inbox here and I don’t always read old comments. If you have pointed it out before I don’t care, I haven’t seen it. If you want to point something out, then maybe email me about it the just time you see it, otherwise I’m not trolling through my old threads that often so you’ll have to accept that this is the first I’ve seen you ask.

I’m respect your wishes but you can’t say you have told me anything if I didn’t see it here, sorry Dan but that’s only fair since there’s no way for me to see your message unless I randomly go back.

If you want to ensure people see these messages, then that’s a feature you’ll need to add. I’m fine with you using the email on my account for this purpose, too, but I’m not fine with getting a single message from you here and you expecting me to have seen anything else you’ve said in the past. As far as I’m concerned this is the first I’ve seen you ask me about this.

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