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.

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anonu 4 hours ago | parent | next [-]

Isn't that stock market a prediction market?

	▲	tsimionescu 40 minutes ago \| parent [-]
		No, 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.

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il-b an hour ago | parent | prev [-]

> (…) provide no benefit to society and don't need to exist.

The sounds extremely fascist.

	▲	Alpha3031 19 minutes ago \| parent [-]
		TIL fascism is when you let states regulate gambling because of the public interest and lack of public benefit.