because the long term outcome is that truth will start to be defined by money. There's already been tales of journalists being harassed to change stories in order for over-leveraged betters to win polymarket bets.

I HIGHLY recommend going onto a sports subreddit match thread during a match and seeing what people say, versus the post match thread, a few hours after the match. The difference in tone is striking. While some people are probably just passionate, I'm pretty sure the depths of vitriol (that border on things like death threats) are a consequence of gambling.

▲

neonstatic 2 days ago | parent | next [-]

> truth will start to be defined by money

I'm a firm believer in 'there's nothing new under the sun'.

> There's already been tales of journalists being harassed to change stories in order for over-leveraged betters to win polymarket bets.

So the only thing that has changed is who is doing the harassing.

> I'm pretty sure the depths of vitriol (that border on things like death threats) are a consequence of gambling.

People who are "passionate" about sports have always been the most aggressive and vulgar. I grew up around them, this does not surprise me at all.

▲

Quarrelsome 2 days ago | parent [-]

> People who are "passionate" about sports have always been the most aggressive and vulgar.

Sure but I can't help but wonder if many of them have money riding on the games which makes their anger much more understandable. Perhaps those you grew up around were also having a bit of a flutter.

▲

neonstatic 2 days ago | parent [-]

Oh, for sure, I don't doubt that at all! My only point is causality. I do not agree that it's betting companies fault (whether they are on-chain or not). If there weren't ways to bet, these people would invent them.

▲

Quarrelsome 2 days ago | parent [-]

Agreed. I just personally think advertising gambling should be illegal. Obviously there's so much vested money that its hard to shift given that it props up a lot of sports revenue today. However we learned the horrors of tobacco advertising and I can't see why we shouldn't learn the same lessons about gambling. It can never be illegal because the black market would be worse, but we shouldn't encourage it.

	▲	neonstatic 2 days ago \| parent [-]
		Yes, I agree. I think the advertising ban should be more general - anything that is known to be addictive should not be advertised.

▲

philipallstar 2 days ago | parent | prev | next [-]

Death threats are so common online that the selective reporting of them is weaponisation.

▲

mr_mitm 2 days ago | parent | prev | next [-]

That's a fundamental problem with prediction markets, not the insider aspect of it.

▲

dzhiurgis 2 days ago | parent | prev [-]

Journalists are most likely to profit from this too