Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
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Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#2And to note, the law in question is from the 1800s -- hardly something novel Wisconsin is doing.
Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#3And to note, the law in question is from the 1800s -- hardly something novel Wisconsin is doing.
Like building more jails? Could there be a better way?
Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#4Yet another article where the media is sanewashing the subject at hand
> Then there's the potential for insider trading, something that has dogged the prediction market industry, …
From a 2025 article [1]
> Coplan said, “Nobody is under the impression that nobody knows the answer, right? Like, of course, there’s people who are working on it that know when it’s going to come. And I think what’s cool about Polymarket is that it creates this financial incentive for people to go and divulge the information to the market and the market to change, and all of a sudden it’s trading at 95 cents.”
I didn’t know you could be described as being dogged by an issue that you actively courted and espoused. Additionally I remembered that quote but it took effort to find as it appears Kalshi and Polymarket decided the heat on those views was a little too much and have done a PR wave since January of this year to claim that they totally don’t support insider trading despite that being a core of their business concept.
I guess we’ve always been at war with East Asia again, I’ll update my firmware to be a good little drone if even media organizations like npr and apnews are just going to be this blatant with reframing history
[1] https://casinobeats.com/2025/11/20/polymarket-founder-shayne...
Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#5The complete transformation and legitimization of betting culture in the United States has been surreal to watch. From you had to know a guy to baseball TV announcers giving odds on a home run this inning in less than a decade.
I know this is hard to conceive of, but there was a time when there were no gambling ads on TV! The crazy part? The other half of the ads you see on TV (pharmaceuticals) weren't there either!
Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#6The complete transformation and legitimization of betting culture in the United States has been surreal to watch. From you had to know a guy to baseball TV announcers giving odds on a home run this inning in less than a decade. I know this is hard to conceive of, but there was a time when there were no gambling ads on TV! The crazy part? The other half of the ads you see on TV (pharmaceuticals) weren't there either!
Yeah, it's terrible. One of the things that struck me (in a bad way) when I visited the UK in my 20s was how there were so many bookies everywhere. Now were basically in the same place here. Organized gambling is a net-negative for society, and should be banned, and the bookies are scum that should be driven back under the rocks they crawled out from.
Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#7Yet another article where the media is sanewashing the subject at hand > Then there's the potential for insider trading, something that has dogged the prediction market industry, … From a 2025 article [1] > Coplan said, “Nobody is under the impression that nobody knows the answer, right? Like, of course, there’s people who are working on it that know when it’s going to come. And I think what’s cool about Polymarket i…
There's big money in it, so of course there's going to be a huge PR push to cast it as a great moral and societal good.
The thing that gets me is that the rationalists who were such outspoken proponents of prediction markets (look up "futarchy" and the many positive articles about it) failed to predict the astonishing amounts of corruption that have come along for the ride with them.
Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#8The complete transformation and legitimization of betting culture in the United States has been surreal to watch. From you had to know a guy to baseball TV announcers giving odds on a home run this inning in less than a decade. I know this is hard to conceive of, but there was a time when there were no gambling ads on TV! The crazy part? The other half of the ads you see on TV (pharmaceuticals) weren't there either!
It's not just the USA, it's happening in most of the EU too. Sports betting is especially rampant.
Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#9The complete transformation and legitimization of betting culture in the United States has been surreal to watch. From you had to know a guy to baseball TV announcers giving odds on a home run this inning in less than a decade. I know this is hard to conceive of, but there was a time when there were no gambling ads on TV! The crazy part? The other half of the ads you see on TV (pharmaceuticals) weren't there either!
Some time around 2015 I remember seeing Powell station in SF completely plastered with DraftKings ads and thinking "wait, I thought that was illegal". It seems to have only snowballed since then. In 2020 I was in downtown Philadelphia before the election and saw a massive screen with a Polymarket ad, and at that time Polymarket wasn't even legal in the US.
From nicotine to gambling harmful habits that our society had managed to marginalize have gotten a fresh coat of tech slapped on them and seemingly escaped all constraints.
Re: Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'
#10The complete transformation and legitimization of betting culture in the United States has been surreal to watch. From you had to know a guy to baseball TV announcers giving odds on a home run this inning in less than a decade. I know this is hard to conceive of, but there was a time when there were no gambling ads on TV! The crazy part? The other half of the ads you see on TV (pharmaceuticals) weren't there either!
Yeah, it's terrible. One of the things that struck me (in a bad way) when I visited the UK in my 20s was how there were so many bookies everywhere . Now were basically in the same place here. Organized gambling is a net-negative for society, and should be banned, and the bookies are scum that should be driven back under the rocks they crawled out from.
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