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I really dont think the problem has gotten worse, its just more visible. The previous status quo didnt work either, you just didnt hear as much about it because
by dakolli 2mo ago
I really dont think the problem has gotten worse, its just more visible. The previous status quo didnt work either, you just didnt hear as much about it because there weren't commercials.
In all reality, the NASDAQ does the entire yearly turnover Klashi and Polymarket combined in a few minutes. It hasnt become as big of a problem as people make it out, but its still a problem.
But there's no going back to the status quo with 1990s methods of enforcement. Everyone knows how to use crypto and VPNs, you'd just be pushing people into shady offshore.
- kijashdkujdfhas 2mo ago> Everyone knows how to use crypto and VPNs, Not everyone who has placed a bet on Kalshi or Polymarket necessarily knows how to use these tools. > you'd just be pushing people into shady offshore. Hurdles help. Not everyone will know how to jump every hurdle. Not everyone will be willing to put forth the effort. Will some people? Sure. But hurdles do cut down on the overall participation.
- matthewdgreen 1mo agoDraftKings alone is estimated to do $6.5bn in revenue in 2026, and the whole US segment is close to $20bn. This is the market that Kalshi et al. are targeting, and these are huge sums of money. You can make sports betting artificially look small by comparing it to the entire equities market (but why?!), however the more reasonable standard of retail product/entertainment companies these are big and rapidly growing businesses.