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I can understand them wanting to ban Polymarket et al but it's hard to implement unless you ban all use of cryptocurrency. Once you've done the converting fiat
by tim333 5mo ago
I can understand them wanting to ban Polymarket et al but it's hard to implement unless you ban all use of cryptocurrency. Once you've done the converting fiat currency to some sort of crypto, all the other transaction can happen anonymously offshore. I've mucked about on Polymarket a bit including betting on Kamala to win of all things.
- phoronixrly 5mo agoNobody is under the delusion that this ban will not be circumvented. The point is to make using these sites so inconvenient that the vast majority of their (potential) users won't bother jumping through the hoops. Imagine your neighbour the alcoholic gambling addict having to learn to use cryptocurrency and VPNs and then having to file taxes in case any substantial winnings (from illegal gambling)...
- haritha-j 5mo agoIt never will be completely stopped, but IMO this still makes a massive difference. Gambling is one of those things where barriers make a massive difference. For decades, it was under control when you had to go to vegas to do it. But now, when its all over TV, you're enticing people way more.
- deleted 5mo ago[deleted]