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Polymarket needs some serious regulation.
(lemmy.world)
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this post was submitted on 06 Mar 2026
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Just ban it, gambling used to be illegal in a lot of places.
Please ban all online betting and only make it legal at places where you have to actually go there in person to do. Impulse gambling on smartphones and prediction markets are straight cancer to society.
Hear hear!
and hear, here!
stares at crypto markets
It's only gambling if you don't know the outcome!
Polymarket and Kalshi are just an old mob numbers game but with the veneer of being accepted
It used to be illegal to run away from your plantation, too.
No reason to outlaw this, why bother? People have always made wagers, and they enjoy it.
People enjoy making wagers with friends and acquaintance. Gambling apps are highly addictive commercial products which have negative value to society. Ban them and shoot the owners and shareholders.
Food is highly addictive. Video games are highly addictive. Sex is highly addictive.
You are not "the decider" of which activity is of value to society or not, it's of value to THEM.
Instead, ban and shoot everyone who would want to ban and shoot other people for owning entertainment venues (like gambling).
They're more trouble than they are worth.
Ban and shoot all libertarians while we're at it.
... and you would if you could, too... and Republicans... and then the religious... and then Independents... and so on... and that's why we don't trust you with anything more than a scooter. NO LICENSE FOR YOU
Republicans yes, but I don't know how you got "independents" (whatever that is) and the religious out of it.
well because a lot of the wagers are easily manipulated by the same insiders who own the platform? No ones stopping you from betting with your pals. We don't want a fake rigged market place that's a black hole of money.
Insiders and wagers go hand in hand, that's all part of the odds.
It's not a "fake rigged market place" OR the stock market is also a "fake rigged market place".
...and anti-gambling laws lead to lots of "stopping you from betting with your pals", for example see all of human history, pick an era. Police don't need a lot of incentive to seize all of your assets, it doesn't matter. This is just another excuse to do so
Ur telling me rich people write laws to relieve you of your assets? Oh no how long has this been happening?! One might say that legalizing polymarket was one of these actions. One might argue you should’ve never been allowed onto such a platform in the first place.
You're stuck in the aesthetic phase of development.
Housen is a poseur