Remix.run Logo
BowBun 3 hours ago

Good on NPR. These markets are a cancer on society and should be outlawed further.

sophrosyne42 2 hours ago | parent | next [-]

I have yet to see an argument against them that isn't more than personal disgust

otterley 2 hours ago | parent [-]

How hard are you looking? "I haven't seen arguments" doesn't mean much if you're not looking for them. You might as well have had a blindfold on. It's as meaningful as saying "I haven't seen arguments as to why Rust eliminates memory safety bugs."

Here's an example: https://www.ncbi.nlm.nih.gov/books/NBK230628/

This is another excellent article that discusses some of the problems, and has links to other such articles: https://www.wsj.com/finance/investing/polymarket-kalshi-bett...

alchemist1e9 2 hours ago | parent | prev [-]

Does anyone have a good source that details these negative effects? I’m not doubting they exist, I mean gambling in general has many negative externalities, but I’m just interested in identifying the cancer aspects more specifically.

shermantanktop 2 hours ago | parent | next [-]

Would you go to a cancer doctor if you knew they were betting on Polymarket as to whether you would do well in your cancer treatment?

Polymarket appears to have people who have both the ability to shape outcomes and anonymously profit on those outcomes.

37 minutes ago | parent | next [-]
[deleted]
cindyllm 2 hours ago | parent | prev [-]

[dead]

kjkjadksj 2 hours ago | parent | prev | next [-]

Theres evidence to suggest people in government are using it to front run actions on iran for profit for example. Is this useful to the public to have their lawmakers engage in side bets and dare I even say, game fixing as we see in sports but in the real world with bombs and deaths?

Barrin92 43 minutes ago | parent | prev [-]

>but I’m just interested in identifying the cancer aspects more specifically.

the most obvious and maybe most concerning one is military related insider trading. Just two weeks ago a guy was sentenced for using classified information to gamble, which mind you is the literal point of the market but from the perspective of US military security is a disaster. In addition military bets apparently pay out significantly more than regular bets, suggesting more insider trading. The idea isn't too far fetched that someone could push to carry out or botch an operation to cash out on a betting market at which point we're in dystopian novel territory I guess.

https://www.yahoo.com/news/articles/military-insiders-may-be...