| ▲ | TZubiri 2 hours ago | |
Predictions markets are more regulated than sports betting, because the events being predicted are wider, so they will naturally touch on a whole lot more regulation. For example, can someone place a bet on an event that X person will be shot? That question now touches on a whole range of laws regarding murder, life insurance, incitation to violence, free speech? That you just don't touch at all in sports betting. | ||
| ▲ | niwtsol 2 hours ago | parent | next [-] | |
I read your statement and my reaction is what you describe is less regulated than sports betting. For example, in sports betting there are laws by major leagues that players can not bet on games they are in. On prediction markets, if someone has insider knowledge, or can control whatever verification source is set for a bet, they can win (I believe there was an article posted earlier about some journalist reporting on a bomb that fell on an area and was pressured to change the wording to say it fell or was bombed). Additionally, as some of the prediction market wagers have weird grey areas, there are predictions that have additional sub text added after a market has been open/wages have been made which completely change the bet - that is just fast and loose and less regulation IMO | ||
| ▲ | mcmcmc 2 hours ago | parent | prev | next [-] | |
So where are those regulations? | ||
| ▲ | kennywinker 2 hours ago | parent | prev [-] | |
Lol. This is some quality sv psychosis content. But ok, let’s follow your thought process. Couldn’t someone place a bet on a sporting event and then murder a key player? Wouldn’t all the same laws be triggered? Laws against criminal activity aren’t regulations. Regulations are limitations and oversight requirements on business activities. | ||