• quick_snail@feddit.nl
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      11 days ago

      I highly recommend watching South Park S27E5 titled Conflict of Interest

      Aired September 24, 2025 , it explains how poly market works, specifically in the context of Israel’s genocide and how it relates (and doesn’t relate) to US Jews.

  • SCmSTR
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    12 days ago

    Isn’t polymarket partially run by the Trump family

  • oortjunk@sh.itjust.works
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    11 days ago

    I want to make this perfectly clear. “You wanna make a bet?” died in fucking elementary school for me. Like it should for every mature, sane human. Gambling is for, and done by, the most immature, underdeveloped losers in our society. I’ve never once met someone who went to a casino and told me about that I didn’t instantly lose a measureable amount of respect for. I would have absolutely no qualms about levelling every casino on the planet and forcing the property owners to donate the land to public park space.

    You are not “winners with no winnings”. You are losers.

    The fact that it is growing in popularity and we now have douche canoes on polymarket every second commercial just tells me we’re devolving.

    • Senal@programming.dev
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      11 days ago

      Basically all of modern society functions off of the back of an elaborate , rigged gambling system.

      That’s what the stock market is, in a very real way.

      • hoshikarakitaridia@lemmy.world
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        10 days ago

        I still don’t get how they make the stock market appear distinct from horse racing for example. Same shit, different name. And don’t hit me with the “but you could research the stocks beforehand so it’s not random” yeah and you can research the horses and riders and it’s still fking gambling and basically 99% random. Well except for insider trading. That’s like a Mafia in gambling, it’s somehow even worse.

    • Godric@lemmy.world
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      11 days ago

      I don’t care for organized gambling either, but this is so over the top hahahahaha

      God forbid a couple buddies see who’s buying a drink or two over game of chess or pool

    • brax@sh.itjust.works
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      11 days ago

      I dunno, I have a lot of respect for people who gamble in casinos and get kicked out for winning too much against the house because they’ve mastered card counting and pattern recognition.

      I also don’t see a big problem with people occasionally hitting up a casino for some fun once in a while - it’s no different than hitting up an arcade really.

      My problem is the industry preying on people who don’t know when to stop and get suckered in by the advertisements. That and people like this toddler in the article that likes to make bets but can’t stand when they lose.

      • village604@adultswim.fan
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        11 days ago

        Exactly. If I go to a casino, it’s with a set budget of what I can lose and I walk out if I hit it. It’s just my entertainment budget for the day.

        I don’t go expecting to win big, and will usually bounce if I end up with a net gain of around $30-50.

        But I’ve only been 3x in the 15 years since I turned 21, and one of those was for a Smash Mouth show (it was a really fun show).

    • Soulg@ani.social
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      11 days ago

      Polymarket is very clearly a terrible business and industry but your comment is actual insanity

    • Squirrelanna
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      10 days ago

      Okay, I’m no proponent of gambling, but the brain’s chemical reward for winning gambles is real, it’s addictive, and calling everyone with a gambling addiction an immature loser that just needs to grow up is about as helpful as telling someone with cancer to just get better. Blame those that are exploiting them. Shame rarely helps the ones who are exploited. 90% of the time they are shaming themselves more than you could possibly fathom.

  • AeronMelon@lemmy.world
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    12 days ago

    “I make my living on the evening news,
    Just gimme gimme something,
    Something I can use.
    People love it when you lose,
    They love dirty laundry.”

  • couldhavebeenyou@lemmy.zip
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    12 days ago

    Interesting thing though. How is Polymarket going to arbitrate such things?

    There’s going to be discussions that are never going to be truly resolved as opposed to, for example, sports betting, so how does this turn out?

    I guess they got a smart ToS but they’re incorporated in the US so I guess they’ll be tested in court sooner rather than later

    • ivanvector@piefed.ca
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      12 days ago

      Why not set up a Polymarket bet for how Polymarket is going to handle this? Or whether they face any kind of legal repercussions at all.

      • NoForwadSlashS@piefed.social
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        11 days ago

        No joke, this is actually very much how it works. For disputes they use UMA tokens, which allows whales to just buy the vote. Although “being too expensive to corrupt” is the point, there’s a bunch of recent news about votes for $50 million markets bought with $7 million worth of coins (which are reusable, once you own them, you can vote on every dispute with the same tokens and voting power).

    • quick_snail@feddit.nl
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      11 days ago

      Poly market is a gambling platform where people bet on things that will happen in real life.

      Bob made a bet that Iran would bomb Israel on some specific date.

      Unrelated and unaware about Bob, Fabian is a journalist. Fabian wrote an accurate article describing an attack where Iran bombed Israel.

      Bob’s bet was wrong. He’s about to loose a lot of money. So Bob threatens to kill Fabian. Bob tells Fabien he must change his story, so Bob doesn’t loose money.

      • certified_expert@lemmy.world
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        11 days ago

        First, that is deeply fucked up. Second, who pays or determine which way a bet went?

        Do you see how many bets may end up in ambiguous states where it is interpretable which side won?

        • AnarchistArtificer@slrpnk.net
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          11 days ago

          ~~If the bet is successful, Polymarket pays out — just like how more conventional betting works ~~ (Edit: this is incorrect — it uses matched betting. See the comment below mine for more detail)

          In terms of who determines which way a bet goes, it seems like this is also Polymarket, and that they rely on journalistic coverage and official announcements.

          This journalist reported that one of the missiles landed and exploded, and it appears that this was used to deny paying out to the people who places at bet that no missiles would land that day. The gamblers tried to coerce the journalist to change their report to say that all of the missiles were intercepted, and that the thing that actually landed and exploded was just a missile fragment from the intercepted missile. I have no idea whether this would’ve actually changed the outcome of the bet from Polymarket’s perspective, but the gamblers certainly seemed to think so.

          It highlights the absurdity of betting on events like this

          • festus@lemmy.ca
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            11 days ago

            Actually Polymarket never pays out. Every bet is matched with someone holding the opposite bet (and prices to make a bet shift accordingly to market demand for each side). Polymarket just rakes in fees, but they never lose money regardless of how a bet goes.

        • CmdrShepard49@sh.itjust.works
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          11 days ago

          What’s even more fucked up is that there’s nothing preventing DoD employees from also betting on this stuff while simultaneously being the ones deciding the who, what, when, where, and why of bombing another country.

              • djdarren@piefed.social
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                10 days ago

                I was interested to hear the news reader on BBC radio last week refer to "Pete Hegseth, US Secretary of Defence’. So apparently the BBC aren’t buying into the rhetoric either.

            • hardcoreufo@lemmy.world
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              11 days ago

              I don’t think they can actually change the name without jumping through tons of hoops, and we know they aren’t doing that. So its still DoD they just call it DoW.

              • hoshikarakitaridia@lemmy.world
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                10 days ago

                Always cool when the commander in chief promises no wars, starts multiple geopolitically unprecedented conflicts and at least one war while renaming the department of defense into the department of war. Hope he gets the nobel peace price, he seems like he really deserves it.

        • whotookkarl@lemmy.dbzer0.com
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          11 days ago

          Shayne Coplan is the billionaire manchild who owns polymarket along with a couple other billionaire cofounders like Peter Thiel. It’s just like bookies with details decided before the bet is made, and the house/market/organized crime organization take a cut for guaranteeing the bet pays out.

    • quick_snail@feddit.nl
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      11 days ago

      For an entertaining and sufficient way to understand what’s going on, I highly recommend watching South Park S27E5 titled Conflict of Interest

      Aired September 24, 2025 , it explains how poly market works, specifically in the context of Israel’s genocide and how it relates (and doesn’t relate) to US Jews.

  • AlexLost@lemmy.world
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    11 days ago

    I thought gambling was supposed to be illegal outside of Nevada? WTF is going on out there?!