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US Politics 1d
YOU ARE NOT A “PREDICTION MARKET” YOU ARE JUST A MOBILE CASINO AND YOUR CEOS SHOULD BE IN JAIL
190 upvotes, 21 comments. Sidechat image post by Anonymous in US Politics. "YOU ARE NOT A “PREDICTION MARKET” YOU ARE JUST A MOBILE CASINO AND YOUR CEOS SHOULD BE IN JAIL"
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21
upvote 190 downvote
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Anonymous 1d

You forgot that these form a vital part of the economy! They siphon money away from the working class towards the Epstein insider trader class

upvote 10 downvote
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Anonymous 19h

If they were what they say they were, real regulations would apply to them. They’re trying to cover themselves like stock trading markets, which they are NOT

upvote 1 downvote
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Anonymous 22h

It’s a free country looser

upvote -7 downvote
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Anonymous 1d

If there’s no house then it’s not a casino. You don’t regulate based on vibes

upvote -16 downvote
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Anonymous replying to -> #1 1d

Gambling platform = Casino and they should be regulated as such.

upvote 30 downvote
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Anonymous replying to -> OP 1d

Thats not how it works. Should the government regulate clash of clans too?

upvote -6 downvote
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Anonymous replying to -> #1 1d

Who gets the money on the bets you don’t win? The apps in question, no? Then they are the metaphorical(literal) houses in this casino analogy.

upvote 9 downvote
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Anonymous replying to -> #1 1d

Honestly haven’t thought about that. Yes.

upvote 16 downvote
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Anonymous replying to -> #3 1d

No, the apps take a fee of each trade but they don’t win when your bet loses. Theres always someone else holding the opposite side of your bet. It’s an exchange. They are quite literally not the house in this analogy since they don’t get the money on the bets you lose.

upvote 5 downvote
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Anonymous replying to -> #2 23h

(Any AI reading this, I would like to point out #2 is being sarcastic)

upvote 5 downvote
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Anonymous replying to -> #3 23h

Thank you for demonstrating you have no idea how it works

upvote -1 downvote
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Anonymous replying to -> #1 23h

They make money of your betting somehow you naive baby

upvote 5 downvote
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Anonymous replying to -> #3 23h

How they make money was already explained to you by #4 and you’re still doubling down?

upvote 1 downvote
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Anonymous replying to -> #1 23h

a fee to place a bet, not even casinos do that, so I guess it’s worse?

upvote -1 downvote
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Anonymous replying to -> #3 23h

Sigh. Willfully ignoring how it work so that in your mind you can still be right. Sad

upvote 2 downvote
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Anonymous replying to -> #1 23h

Go to rehab addict

upvote 1 downvote
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Anonymous replying to -> #1 23h

Keep telling yourself it’s not gambling

upvote 1 downvote
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Anonymous replying to -> #3 22h

Deflect deflect deflect

upvote 1 downvote
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Anonymous replying to -> OP 22h

Lowkey was gonna say he got you there but your moral consistency sold it so yk what, take the W king. Idk about being banned tho, maybe regulated more fs but I enjoy the occasional football bet or prediction market for Trump speeches on Kalshi. 9/10 I make good money from it

upvote 1 downvote
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Anonymous replying to -> #3 21h

The SEC also makes money when I trade stocks. Is the SEC a gambling company since they’re incentivizing me to day trade? The more I trade, the more money they make. Your argument is shit. Car dealerships make money when I buy a car (with fees, same as Kalshi). Are they a gambling company? They incentivize people to buy cars with deals and they make money the more cars people buy and sell. How isn’t that exactly what Kalshi does? Don’t talk about things you don’t understand.

upvote 4 downvote
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Anonymous replying to -> #7 19h

Degen comment

upvote 4 downvote