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New York Times and The Athletic workers demand company scrap Kalshi deal

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Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#141

Post by logicchains »

amelius wrote: post #117
cyberax wrote: post #107

Earlier quoted context omitted.

> You want short term trading because you want the prices to be as close to efficient as possible But do I want the prices to be as efficient as possible?

If this whole efficiency argument means I'm going to make $1 more per month while some lousy traders make $100k more per month, then I'd say: to hell with "efficiency". Fairness and wealth equality are more important to me than $1. Also considering that these traders will use their $100k in ways that my $1 will become worth even less. For example by buying all the housing in my neighborhood and thereby increasing my…

Without that efficiency it'd be like the old days before electronic trading where you're paying 100x larger fees to a crusty old brokerage any time you want to trade.

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#143

Post by logicchains »

giwook wrote: post #138
logicchains wrote: post #135

Earlier quoted context omitted.

[flagged]

Where is that "less than 1%" figure coming from or did you just pull that out from you-know-where? And alcohol has always been highly accessible. I have 5 stores within a 5 minute walk of me that I can get it from, and that's not to mention all of the restaurants and bars within that same radius. Addiction is addiction. Alcohol is one object of that addiction. Sports betting can be another. Porn, food, drugs, etc. Wh…

https://en.wikipedia.org/wiki/History_of_gambling_in_the_Uni...

>What's to say sports betting addiction won't become as severe as alcohol now that it's becoming more accessible to the public?

Because it's been accessible for over a hundred years in many countries, from 1861 in the case of Australian horse race betting.

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#145

Post by redsocksfan45 »

mc32 wrote: post #125
cdrnsf wrote: post #34

Sports gambling is a cancer, as are prediction markets. None of it should've been legalized and all of it should be banned.

It should have stopped at Vegas. No reservations exception. Vegas only. No online. No OTB. Vegas only.

[dead]

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#146

Post by cft »

cdrnsf wrote: post #34

Sports gambling is a cancer, as are prediction markets. None of it should've been legalized and all of it should be banned.

The cancerous Wikileaks which also leaked news just like prediction markets has also been eliminated. I hope you celebrated.

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#147

Post by amelius »

logicchains wrote: post #141
amelius wrote: post #117

Earlier quoted context omitted.

If this whole efficiency argument means I'm going to make $1 more per month while some lousy traders make $100k more per month, then I'd say: to hell with "efficiency". Fairness and wealth equality are more important to me than $1. Also considering that these traders will use their $100k in ways that my $1 will become worth even less. For example by buying all the housing in my neighborhood and thereby increasing my…

Without that efficiency it'd be like the old days before electronic trading where you're paying 100x larger fees to a crusty old brokerage any time you want to trade.

Doesn't matter. Banning short term trading will also reduce # trade events, so the fees don't matter.

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#148

Post by subdude »

yipinwong wrote: post #139

This is where stupid unions rubs me the wrong way. Unions are for improving worker conditions such as getting the right pay, and right working environment. They want to "run" the company themselves. Some might argue they are for keeping their current working env without Kalshi. They are not the ones who has to bear the financial responsibilities of the company. They can shove it and just move on.

>They are not the ones who has to bear the financial responsibilities of the company.

When the company does poorly, who ends up hurting more? Is it the workers that get laid off, the executives that get another bonus, or the owner that remains a billionaire?

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#150

Post by azan_ »

Avshalom wrote: post #93
dominotw wrote: post #56

Earlier quoted context omitted.

have you seen stock market these days?

Yeah, we hate that too man. It's just not the topic at hand.

Why do you hate it? It’s a great way for average person to get share in the profits of giant corporations.
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