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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

#151

Post by tbossanova »

somenameforme wrote: post #116
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…

A bit of a tangent, but many like the moneylines isn't because of gambling but because it tells you who's the favorite/underdog and by what margin. It's like in the equivalent of a chess game of knowing the player's ratings, which itself can directly lead to a nominal moneyline, but in most sports there's no formal predictive rating system.

It’s the kind of thing that would suck all enjoyment out of watching sports for me personally. I may well be in a minority though, possibly an old person thing too

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

#153

Post by watwut »

p1necone wrote: post #67
dang wrote: post #55

Earlier quoted context omitted.

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…

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)

The other point about supreme court is also factually correct.

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

#154

Post by notpushkin »

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.

There is a whole lot of merchant categories that is treated like withdrawing money from an ATM. I believe the term is “quasicash”.

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

#155

Post by YeahThisIsMe »

jamesfinlayson wrote: post #134
herpderperator wrote: post #124

Earlier quoted context omitted.

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.

But these are "prediction markets", an entirely different thing that is definitely not gambling!

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

#156

Post by toasty228 »

root_axis wrote: post #62
Drupon wrote: post #57

Earlier quoted context omitted.

This comment was unnecessary and very distracting from a far more interesting discussion in the replies to the commenter you are attempting to condescend.

There is no censorship happening here - the comment remains visible, he simply asked them to refrain from the inflammatory language.

> There is no censorship happening here

Wait until your account is shadow banned and you post in the void for weeks/months before noticing

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

#157

Post by citizenpaul »

650REDHAIR wrote: post #145
baobabKoodaa wrote: post #135

Earlier quoted context omitted.

Off-ramp does exist. Stop lying.

Until you’re flagged for some vague reason and support/fraud can’t help you.

I personally cant wait to start seeing sob stories of how people are having thier account permanently locked after making big wins. Thats what happens when you bgive money to unregulated casinos every tine and is the exact reason there are so many gambling laws and restrictions.

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

#158

Post by watwut »

sooheon wrote: post #80
Mobius01 wrote: post #35

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.

Nobody is forcing anyone to place bets they can't back, isn't this a personal responsibility issue? edit: to be clear, if companies are committing fraud in their marketing, that should be prosecuted or if regulations around misleading marketing are weak, that should be legislated of course.

Personal responsibility: a way to avoid talking about responsibility and behavior of large rich actors.

Yes online gambling and sports management actions are their personal responsibility. And we should blame them for harm they knowingly cause.

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

#159

Post by ShinyLeftPad »

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.

Offramp exists it just depends how ugly it is by country. A friend of mine literally travels to another country to withdraw what he is paid in crypto.

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

#160

Post by cj »

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?

I just checked my account.

They accept Visa, Mastercard and Discover via Apple Pay for a 2% deposit fee.

But I also see it says they don’t accept credit card in their help docs. I’m not sure what that’s about.

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