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Why are we wasting government money cracking down on Polymarket betting? The most offensive thing in this article is the government pretending Polymarket bets
by mortsnort 4mo ago
Why are we wasting government money cracking down on Polymarket betting? The most offensive thing in this article is the government pretending Polymarket bets are securities. Prediction markets provide no benefit to society and don't need to exist.
- anonu 4mo agoIsn't that stock market a prediction market?
- tsimionescu 4mo agoNo, as the name sort of suggests, it's a stock market. As in, it's a place for people to buy stakes in companies, and occasionally a place for companies to raise money by selling stakes in themselves.
- il-b 4mo ago> (…) provide no benefit to society and don't need to exist. The sounds extremely fascist.
- Alpha3031 4mo agoTIL fascism is when you let states regulate gambling because of the public interest and lack of public benefit.
- small_scombrus 4mo agoFascism is when seatbelts
- thrance 4mo agoYou do not know what this word means, please consider educating yourself before using it again.
- brainwad 4mo ago> pretending Polymarket bets are securities No, they are pretending they are _commodities_. Pretending things are securities is disfavoured by the current administration.
- Mr-Frog 4mo ago> government pretending Polymarket bets are securities Crypto prediction markets have an interest in being regulated like traditional exchanges since it opens up access to Wall Street market makers for increased liquidity.