361–370 of 424 posts
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The live scammers targeting kids are pretty vile: https://www.youtube.com/watch?v=NYTPI57GLac Seems like it's just a game of whack-a-mole, nothing is really being done to stop scammers from making new accounts and continuing their scams.
A lot of it is straight up sponsored by card makers too
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Nicotine is probably the worst example possible to argue that laws prevent children from using and becoming addicted to something.
Why is it the worst example? Sure, the laws don't 100% prevent children from smoking, but certainly they have an effect. I'm not using it as an example of a perfectly effective law, I'm using it to make the point that it wouldn't be reasonable to say "parenting is the only defense against smoking" and scrap the law.
I don't want to scrap laws. In Britain we're 20 years ahead of the US on this (see Gambling Act 2005). Gambling laws are written by the gambling industry so no parent should think that the law will do anything to help their child.
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What if the site allows you to purchase a digital asset such as a CS2 skin which you can then immediately sell back to them at the same price you to get credits in your account to gamble?
That's fraud.
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You are not evaluating those questions, you are evaluating the probability of that two things happening, and you need to evaluate it better than the other people to win. There are no easy questions, the difficulty is set by the skill/investment level of your competition.
I'm confused by how you're modeling these markets. Let's say I am quite sure that the Steam Machine will cost more than $700 dollars, and I buy a 'yes' lot for 65 cents on the payed-out dollar, those are the odds at my buy-in time. Where exactly now do the other participants' bets on the same market influence my chance to win/lose? How am I up against them and not the question "will my prediction come true"? Sure, be…
Also, kids get scammed daily on YouTube on Pokemon card pulls with "loaded" packs and otherwise fake pulls for views.
The live scammers targeting kids are pretty vile: https://www.youtube.com/watch?v=NYTPI57GLac Seems like it's just a game of whack-a-mole, nothing is really being done to stop scammers from making new accounts and continuing their scams.
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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.
Meanwhile, small poker groups and gambling dens patronized by consenting adults routinely get busted.
-you know exactly the type I'm mocking
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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
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.
Demand for cannabis and alcohol is ubiquitous, strong.
Demand for each individual betting market, diminishingly rare.
Good luck finding the bookie at work or in your college class taking $10k in action on whether the Shah of Iran is still the Shah next week…
Banning the clearnet-based convenience, scale and breadth of market participants these services offer would immediately put a huge dent in most markets - non-sport especially.
Whether the black market and cryptocurrency-based sites outside of the clearnet would start to fill in, remains to be seen.
There has never been anything near the scale of Poly or Kalshi on “darkweb”.
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'm not a prediction market user/booster nor a sports gambler, but this is a key difference and a strict improvement from traditional sportsbook apps. If our society is going to have widespread legal gambling, we strongly want it to be parimutuel.
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WHAT and I have to stress IN THE ACTUAL FUCK
You see sins. Politicians see sin taxes, political will to spin up regulatory beurocracies, etc, etc.
I can't speak for mastermage, but I don't see sins.
I see addictions, and vultures preying on them and actively profiting from exploiting their self-destruction.
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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.
You made that claim up. There was a study of Some 22 million people around the world being dependent on marijuana. You are severely overestimating US addicted people. What about this: that policy was huge success, because unlike gambling, weed is fairly harmless.
Close to 18 million in 2022, not exactly 20 million.