351–360 of 424 posts
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OK but you know that you're seeing an ad. These are ads that are pretending to be users just posting their experiences.
Creators are supposed to make it clear that it is add. Usually they add a #ad to their post. But many creators don't understand the rules and don't correctly mark their post as being sponsored.
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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.
If you actually want to understand why "an actor pretending to enjoy drinking Coca Cola" is okay while other kinds of endorsements are not, in the US at least, you could start with the FTC "Truth in Advertising" website, and "Advertising Endorsements" specifically, or other resources on that page.
https://www.ftc.gov/news-events/topics/truth-advertising
https://www.ftc.gov/news-events/topics/truth-advertising/adv...
The WSJ ran an earlier article stating that unless you have access to a lot of data, computing power, and statisticians, you're going to lose on those bets.
You don't need Colossus-level compute or a genius-level IQ to evaluate the question "Will the steam machine cost more than $700 at release", or "Will 2026 be the hottest year on record".
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People have spend decades in prison for selling weed. Now it's legalized in more and more countries. Making things people like illegal rarely works, and it's far from a "solvable problem". Don't get me wrong, gambling is very bad, but if we were to analyze it statistically I think alcohol is way worse for society at large. And we all know how making alcohol illegal went.
Legal weed has been a disaster in the US, 20 million addicted (almost daily use/daily use) versus a few million before it was banned.
What about this: that policy was huge success, because unlike gambling, weed is fairly harmless.
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.
There's no "both sides" of the bets in this case. All the bets researched by the WSJ were fake, none of those bets was ever placed.
Don't trust anything anyone says about probabilities of real-world future events. We still can't even predict the weather a week in advance, despite huge computational resources being thrown at it.
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If gambling stops, the economy collapses.
Do you mean casinos and betting apps? The stock market? Something else?
There are of course solid arguments for this, but the issue is the narrative part of the economy needs to be a mix with follow on production returns -- which... according to our current GDP growth mix is not. As most even realized production is backed by narrative bets.
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We used to debate things like the harms to society of gambling, now it’s a silent decree that it’s not only legal but the basis for our economy. The same group who used to preach family values turned out to be the biggest casino pimps and pornographers.
You know what earns a lot of money rather effortlessly? Harvesting organs. I mean its just a cash flow, anyway for sure from sinners. Look at Chinese, always ahead of the curve. Bonus points for saving lives of some wealthy folks. Everybody (who matters) wins. I have some other ideas, all one needs is to flush morals down the drain for good. Clearly some folks are there already, we need to quickly jump on that rat ra…
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> Her salary of £421 million in 2020 was 50% higher than it was in 2019, and higher than all FTSE 100 Index CEOs combined.
Whilst it is technically a salary, since the business is wholly owned by her and her family it is effectively a dividend, so it isn't quite accurate to compare it to CEO's of non-wholly owned private or public companies. Other CEO's might have gotten paid more since they might own enough stocks in the company to receive dividends, or share awards etc...
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…
Well try to make a withdrawal and see how convinient that might be. Internet casinos are usually easy to get money into but hard to get money out of.
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This comment was unnecessary and very distracting from a far more interesting discussion in the replies to the commenter you are attempting to condescend.
dang is the moderator