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!
Polymarket has flooded social media with deceptive videos by paid creators
191–200 of 424 posts
Re: Polymarket has flooded social media with deceptive videos by paid creators
#192But 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
#193the fact that apps like Polymarket seem to be legal is absolutely crazy to me.
Re: Polymarket has flooded social media with deceptive videos by paid creators
#194Earlier 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…
Re: Polymarket has flooded social media with deceptive videos by paid creators
#195I 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…
Re: Polymarket has flooded social media with deceptive videos by paid creators
#196Re: Polymarket has flooded social media with deceptive videos by paid creators
#197I 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…
Re: Polymarket has flooded social media with deceptive videos by paid creators
#198I 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…
Re: Polymarket has flooded social media with deceptive videos by paid creators
#199The 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.
Re: Polymarket has flooded social media with deceptive videos by paid creators
#200Earlier 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.