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Polymarket has flooded social media with deceptive videos by paid creators

wsj.com

191–200 of 424 posts

Re: Polymarket has flooded social media with deceptive videos by paid creators

#191

Earlier quoted context omitted.

In Australia any sort of gambling payment on a credit card is treated as a cash advance. If you use PayPal on top of your credit card, the credit card company still manages to introspect it and apply a cash advance fee.

But these are "prediction markets", an entirely different thing that is definitely not gambling!

So they want you to believe, but I find I cannot take such claims seriously.

Re: Polymarket has flooded social media with deceptive videos by paid creators

#192
I blanket consider any post by these "influencers" as paid for.

But my biggest fear is for my kids. I'm doing my best to teach them about the duplicity that exists in this world, and that's precisely why I'm against blanket social media bans for under-16s.

By the time kids turn 17, they've hit the rebel stage. And that's exactly when the freedom to access social media arrives. At that point, they won't listen to parents. They are going to get soo badly burnt.

This is why I advocate for controlled, early access to social media for children. As a parent, I can monitor what they follow and teach them to distinguish right from wrong.

But with these blanket bans, that's taken out of my hands entirely. They grow up sheltered in a picture-perfect world...and then, boom.

Re: Polymarket has flooded social media with deceptive videos by paid creators

#193

the fact that apps like Polymarket seem to be legal is absolutely crazy to me.

I was baffled to see gambling completely take over advertising in CSGO years ago with no one batting an eye, Valve also had its share of responsibility with loot cases but they have such a great reputation it's difficult to call them out on that.

Re: Polymarket has flooded social media with deceptive videos by paid creators

#194
post #140
post #75

Earlier quoted context omitted.

If it were just the one comment I wouldn't have said anything; the issue is the pattern (note the word "repeatedly").

You haven’t said anything, or at least I haven’t seen it. There’s no inbox here and I don’t always read old comments. If you have pointed it out before I don’t care, I haven’t seen it. If you want to point something out, then maybe email me about it the just time you see it, otherwise I’m not trolling through my old threads that often so you’ll have to accept that this is the first I’ve seen you ask. I’m respect your…

This is an unusually long way of saying “sorry, I haven’t seen your messages before – will be more careful but could you please email me next time?”

Re: Polymarket has flooded social media with deceptive videos by paid creators

#195
post #192

I blanket consider any post by these "influencers" as paid for. But my biggest fear is for my kids. I'm doing my best to teach them about the duplicity that exists in this world, and that's precisely why I'm against blanket social media bans for under-16s. By the time kids turn 17, they've hit the rebel stage. And that's exactly when the freedom to access social media arrives. At that point, they won't listen to pare…

Is this paid for by Meta or something?

Re: Polymarket has flooded social media with deceptive videos by paid creators

#196
post #191

Earlier quoted context omitted.

But these are "prediction markets", an entirely different thing that is definitely not gambling!

So they want you to believe, but I find I cannot take such claims seriously.

Wanna bet?

Re: Polymarket has flooded social media with deceptive videos by paid creators

#197
post #12

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…

[deleted]

Re: Polymarket has flooded social media with deceptive videos by paid creators

#198
post #192

I blanket consider any post by these "influencers" as paid for. But my biggest fear is for my kids. I'm doing my best to teach them about the duplicity that exists in this world, and that's precisely why I'm against blanket social media bans for under-16s. By the time kids turn 17, they've hit the rebel stage. And that's exactly when the freedom to access social media arrives. At that point, they won't listen to pare…

Yeah, if I don't make my six-year-old drink with me every once in a while, he's never gonn learn to hold his liquour!

Re: Polymarket has flooded social media with deceptive videos by paid creators

#199

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".

Re: Polymarket has flooded social media with deceptive videos by paid creators

#200
post #127

Earlier quoted context omitted.

A cash advance is taking physical cash out with your credit card at an ATM or bank teller. Making an online purchase (which depositing money into your Kalshi account is) is therefore not a cash advance.

It’s a cash advance since you’re not purchasing goods or services with the card.

Not necessarily, I mean if you buy a in-game item or currency that wouldn't be a cash advance so with this they could just say you bought $20 worth of credits and since you're buying credits that could be considered a good.
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