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Polymarket has flooded social media with deceptive videos by paid creators

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

#321

Earlier quoted context omitted.

It is time to admit that the Chinese were right when they built their great firewall. You either protect yourself from America or your civilization is lost to the void.

Does China have online gambling banned? I don't know

Yes all forms of gambling, except certain government sanctioned lotteries, are illegal and criminally prosecuted

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

#323

Earlier quoted context omitted.

"Parenting" is a nebulous concept and at least to me, it also includes pushing for better laws for children. Nobody would think it's reasonable to allow stores to sell cigarettes to children and tell parents "if you don't like it, just don't let your kids smoke".

Nicotine is probably the worst example possible to argue that laws prevent children from using and becoming addicted to something.

There's also heroine and fentanyl, both are regulated by the law.

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

#324

Earlier quoted context omitted.

Nicotine is probably the worst example possible to argue that laws prevent children from using and becoming addicted to something.

There's also heroine and fentanyl, both are regulated by the law.

Heroin is illegal for people of all ages, and those laws don't work either.

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

#325

Earlier quoted context omitted.

There is no house on polymarket, it's pvp.

Not true, polymarket and kalshi have a lot of system bets, basically bets where the other side is the market, and further they take a cut from the money gambled. There are other things as well, like they control which side wins, so they can leverage trade or even swing trade internally with a few bot accounts, not saying that they do but I don't see a ToC that says they can't.

Polymarket can market-make, but so can you (i.e be on the both sides of the order book). You can't do that in a casino for instance.

They don't control which side wins (UMA voters do). You should read up about prediction markets and in general sport gambling. Sport gambling platforms with a "house" usually derive their odds from pvp markets. Polymarket is similar to a classic order book market.

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

#327

Earlier quoted context omitted.

You see sins. Politicians see sin taxes, political will to spin up regulatory beurocracies, etc, etc.

We used to debate things like the harms to society of gambling, now it’s a silent decree that it’s not only legal but the basis for our economy. The same group who used to preach family values turned out to be the biggest casino pimps and pornographers.

Preachers are often hypocrites.

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

#328

Earlier quoted context omitted.

Off-ramp does exist. Stop lying.

have you tried to turn crypto into cash money in a real bank account? have you tried to do it with large amounts? would you describe that process as easy?

It depends on what you mean by “large amounts,” but many “large amount” transactions trigger flags at the bank

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

#329

It's the same for all the gambling platforms - they give creators and influencers privileged accounts that win more than they lose so when they stream it looks like they're not losing constantly.

Isn’t that auditable by gambling regulators?

Is it illegal? What gambling regulators are working with polymarkets?
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