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Polymarket gamblers threaten to kill me over Iran missile story

timesofisrael.com

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Re: Polymarket gamblers threaten to kill me over Iran missile story

#131

Post by lynx97 »

Jeff_Brown wrote: post #72
echoangle wrote: post #47

Earlier quoted context omitted.

It’s not even close to being the worst thing in my opinion. There are people driven into suicide by blackmailing them over social media and people selling murder for hire on the Darknet. Some death threats are pretty harmless compared to that, assuming that nothing actually happens (which is pretty likely in my opinion).

As someone who has received death threats, I can tell you, the comfort from the fact that they're usually not acted on, while real, is not huge.

It is a valueable learning experience. Especially if you are naiv enough like me, to actually give police a call after someone threatened you with death. Pretty sobering when the guy on the other end of the line just flips you off with "And what do you think are we supposed to do about it now?" Thats when you learn that some of your problems are pretty much imagined :-) and that there is a difference beween TV and real life...

Re: Polymarket gamblers threaten to kill me over Iran missile story

#132

Post by hrimfaxi »

kasey_junk wrote: post #120
ipaddr wrote: post #89

Earlier quoted context omitted.

The insiders ruin a market like this. Unlike in sports/stocks there are no rules / punishment for insider trading.

Prediction markets as a useful tool are predicated on insider information. The punters without edge are the bait incentivizing the insiders. And in the US prediction markets are regulated like commodities which have much more lax insider rules, because again, insider trading is the point.

> insider trading is the point

Says who?

Re: Polymarket gamblers threaten to kill me over Iran missile story

#133

Post by tclancy »

Ajedi32 wrote: post #124
happytoexplain wrote: post #113

Earlier quoted context omitted.

>It can look bad, but this is just an aspect of human behavior Why "can look", "but", "just"?

I think GP is saying it's not the prediction market that's bad, but human nature itself. The prediction market just makes it more visible.

If we ignore that people are literally profiting from running the prediction market that happens to make it visible and giving incentive to uninvolved parties to have a STRONG OPINION about any type of event for the purpose of gambling, yeah, I guess that's a point.

Re: Polymarket gamblers threaten to kill me over Iran missile story

#135

Post by echoangle »

manphone wrote: post #125
echoangle wrote: post #114

Earlier quoted context omitted.

I am sorry for that and I can see that it’s bad, but the internet just has a lot of things that are even worse.

That’s not an explanation or an excuse at all.

What do you mean? The claim was that prediction markets are the worst thing on the internet and I mentioned some things that are worse. What else is there to explain?

Re: Polymarket gamblers threaten to kill me over Iran missile story

#136

Post by Bender »

caminante wrote: post #100

Per HN policy, stop editorializing the headlines. Here's the actual headline: > Gamblers trying to win a bet on Polymarket are vowing to kill me if I don’t rewrite an Iran missile story

    echo -en 'Gamblers trying to win a bet on Polymarket are vowing to kill me if I don’t rewrite an Iran missile story' | wc -c
    107
HN also forces editorializing to less than 81 characters. I too sometimes struggle to editorialize the title to something that fits and ideally does not lose context.

Re: Polymarket gamblers threaten to kill me over Iran missile story

#137

Post by user982 »

caminante wrote: post #100

Per HN policy, stop editorializing the headlines. Here's the actual headline: > Gamblers trying to win a bet on Polymarket are vowing to kill me if I don’t rewrite an Iran missile story

That original headline is longer than what HN accepts. What editorialized message are you accusing the shorter "Polymarket gamblers threaten to kill me over Iran missile story" of inserting?

Re: Polymarket gamblers threaten to kill me over Iran missile story

#138

Post by tclancy »

twodave wrote: post #112
xvector wrote: post #56

Earlier quoted context omitted.

Polymarket's founder is Shayne Coplan, 27-year old "youngest self-made billionaire" (why do all billionaires seem devoid of ethics?) A sane system would just throw him in jail until his illegal betting market implements KYC.

Putting aside this is sort of a knee-jerk reaction, if this was actually implemented you’d just see the role of the CEO change to basically be a highly-paid fall-guy. People in those positions today would vacate them for quieter roles behind the scenes, and corporations would put greater effort forth to hide their decision making processes. I don’t think it would be a better system.

>you’d just see the role of the CEO change to basically be a highly-paid fall-guy.

That seems to be assuming a world where CEOs actually face meaningful consequences and that feels like a good start.

Re: Polymarket gamblers threaten to kill me over Iran missile story

#139

Post by cjonas »

kasey_junk wrote: post #120
ipaddr wrote: post #89

Earlier quoted context omitted.

The insiders ruin a market like this. Unlike in sports/stocks there are no rules / punishment for insider trading.

Prediction markets as a useful tool are predicated on insider information. The punters without edge are the bait incentivizing the insiders. And in the US prediction markets are regulated like commodities which have much more lax insider rules, because again, insider trading is the point.

How is it useful when what we are seeing is insiders place massive bets immediately before the event resolves. Does gaining this information a few hours early provide value to society that offsets the impact of normalizing gambling and attaching incentives to bad outcomes of war, politics, etc.

Re: Polymarket gamblers threaten to kill me over Iran missile story

#140

Post by 2OEH8eoCRo0 »

echoangle wrote: post #49
bitmasher9 wrote: post #32

I don’t understand how this isn’t an immediate open and shut case for the police, assuming certain facts are verified independently. At the point that you’re making death threats to strangers you should be removed from civil society.

It’s probably an open and shut case regarding being illegal but prosecution could be hard. How are you going to find the person?

I don't like that the internet can be used to harm you without any recourse.
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