Posted by rbanffy 2 hours ago
If you have advance knowledge of an attack, there are much less conspicuous ways to profit off that.
What about this administration makes you think that's important to them?
These founders should be in prison for promoting illegal gambling. Same federal charges mafiosos get caught on for a "friendly card game".
You don’t even have to read the article, the headline says it all…
I would amend your “breaking the law” comment to “willfully ignoring all regulation, taxes, and labor provisions” perhaps but, same sentiment.
On the other hand, I've come around to the view that sports betting is a net unqualified bad -- and I didn't necessarily feel that way before the Kalshi/PM explosion.
The problem lies in the legal gray area of what constitutes gambling, and therefore "illegal" gambling. That's what the courts have to decide.
I think most people would say this is gambling. But our legal system has to rule on that before we can start putting people in jail for it.
But if you know better then maybe you should just decree from the courtroom in your house and send your ruling to the AGs of all 50 states.
We need at least one state to do this when large corporations violate privacy laws.
A pyramid scheme uses new investor money to pay fake returns to those who have already invested.
A casino provides games to bet on where expected value for the player is negative. A sportsbook balances their book by modifying the odds to remain as neutral as possible and capture the spread (see ‘vig’).
There’s not a whole lot of similarity there.
they were never an innovating marketing play... it was the culmination of a gambling company committing to regulatory capture as evinced by Donald Trump Jr (totally not) sitting on BOTH BOARDS as a "paid strategic advisor" or whatever lie they want to spin.
To me it's absolutely crazy that the "gamble on anything" apps are being advertised as some kind of polling software. I've already seen at least one race called into question because the gamblers bet on the wrong pony.
They're pure corruption engines designed for insider betting. The top brass of these companies need to be made example of.
is there any surprise then that Trumps are on the boards of both?
Here is their official stance on gambling: https://www.churchofjesuschrist.org/study/manual/gospel-topi...
I am not sure how much, if any, impact or influence this has had on Utah law.
Given the way that the church has explicitly encouraged state legislators to shoot down recent laws it's not surprising to think they'd be pushing for this.
... Gambling is motivated by a desire to get something for nothing. This desire is spiritually destructive. It leads participants away from the Savior’s teachings of love and service and toward the selfishness of the adversary. It undermines the virtues of work and thrift and the desire to give honest effort in all we do.
Those who participate in gambling soon discover the deception in the idea that they can give little or nothing and receive something of value in return. They find that they give up large amounts of money, their own honor, and the respect of family members and friends. Deceived and addicted, they often gamble with funds they should use for other purposes, such as meeting the basic needs of their families. Gamblers sometimes become so enslaved and so desperate to pay gambling debts that they turn to stealing, giving up their own good name.
Everyone knows the state of Utah is largely run by the church.
Surprisingly few people know this ime. It's worth pointing out as one of the few areas where the church has as much pull as its members think it does.
While I wouldn't look to the church as a bastion of morality for So Many Reasons, it's worth looking at a hard example of how it is able to manipulate politics in Utah, and by extension nationwide.
Now, Robinhood is a brokerage, regulated by FINRA, and has been fined for misbehavior in the past. So I am more than willing to believe that there is daylight here that I’m not seeing. But anything that lets you speculate attracts a certain clientele, and I think the most important distinction is whether or not the platform itself is an interested party.
Lots of folks gripe about how Kalshi adjudicates contracts.
&&
policy makers, assistants, journalists, and the like are insider trading - and the president of the united states is intentionally market manipulating for profit
Bots Rule Everything Around Me BREAM dollar dollar bill yall.
like, of course the gambling halls drop big money on online marketing
And it's terrible and going to destroy sports.
With enough funds, smaller political races can be gamed.