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In other parts of the world, betting exchanges like BetFair operate this way, but unlike Kalshi, there's no pretence that what's occurring is anything other tha
by rgmerk 2mo ago
In other parts of the world, betting exchanges like BetFair operate this way, but unlike Kalshi, there's no pretence that what's occurring is anything other than gambling, and they are heavily regulated like other sports betting operators.
- SpicyLemonZest 2mo agoWhich I think is obviously where the US is going to settle in the long term. Just a question of how many people lose their shirts before we get there.
- rgmerk 2mo agoIn Australia, where legal online sports betting is everywhere, it's hugely unpopular with everyone except the bookmakers, TV networks (for whom betting ads during sports broadcasts are the one remaining decent revenue stream), a relatively small group of gamblers (many of whom gamble enough for it to pose serious problems for them and their families), and the nominally socially-democratic politicians running the federal government (who were more than happy to ban social media for teens despite the evidence being ambiguous at best, but are amazingly reluctant to tackle this, despite the demonstrated harm). Put the genie back in the bottle and ban online sports betting. If somebody wants to place a bet on sport, make them physically go to a betting shop or the racetrack.
- frankharv 2mo agoOK if we put that Genie back in the Bottle can we also go back to a time when Attorneys could not advertise on TV. How much did that ruling cost? Ambulance chasers have always been a thing but now it is nationwide syndicate of "Doctor Lawyers". Total Shitshow for TV viewers... Talking about "Varginal Mesh" lawsuit in front of children.. Disgusting.