It is precisely the events in the sphere of politics that have the maximum coverage of the population simply because usually the political processes that these politicians implement after the election have a cardinal effect on the everyday life of the population. And naturally, the interest in such events can be considered mass, universal. And of course, the casino cannot miss its opportunity to earn money on the betting market on political events with such a large coverage of the population and also with such a general interest in the outcome of the elections.
Yes, that is right. Many people have their interest to discuss about politic and there will be many assumptions that they have and share to other people. More people will interest with the political events and want to know more about that so they can join with the discussion. I see many people from lower class have their interest when that is about political event because they hopes that someone who elected can give a change to their low class. That is why the casino still serves many political events that people can use to bet because that attracts many people to participate.
Topic: Should gambling platforms avoid political events? (Read 1361 times)
Many player would like to have this kind of event but we know how does the politics so dirty and could be bias too at the same time so I guess its way too risky to the casino if they will support this kind of event, but still its up to them because imagine if the demands is really high. But in terms of respect of course its all about the capability of the politician its base them how does the community or the country will run now.
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Leading Crypto Sports Betting & Casino Platform
It is precisely the events in the sphere of politics that have the maximum coverage of the population simply because usually the political processes that these politicians implement after the election have a cardinal effect on the everyday life of the population. And naturally, the interest in such events can be considered mass, universal. And of course, the casino cannot miss its opportunity to earn money on the betting market on political events with such a large coverage of the population and also with such a general interest in the outcome of the elections.
Yes, that is right. Many people have their interest to discuss about politic and there will be many assumptions that they have and share to other people. More people will interest with the political events and want to know more about that so they can join with the discussion. I see many people from lower class have their interest when that is about political event because they hopes that someone who elected can give a change to their low class. That is why the casino still serves many political events that people can use to bet because that attracts many people to participate. hero member
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Leading Crypto Sports Betting & Casino Platform
Elon Musk and Brian Armstrong have both criticised this raid calling it an attack on political opponents of the present administration. Most people think that this attack was because the government thinks that Polymaket's polls that showed overwhelming support for Donald Trump contributed to his victory.
Do you think gambling platforms should avoid political events?
In some capacity, politics will indeed bring problem inside business, especially for gambling platforms that are not neutral. But if you look at the profit side of betting affiliated with Trump's victory, we can conclude that some platforms never care about it. When you look at the betting on the US presidential election with how much interest people are betting on it, we can say it's more fun to follow.Do you think gambling platforms should avoid political events?
I don't care if the platform facilitates betting on anyone's victory because if they do that, they definitely understand the impact and risks that occur. Even if things happen that are not desired, the platform will be much more problematic and they will bear the risk.
Political betting is not new in the market and I don't know any reason on why people should avoid it. If other people don't think it entertaining or unethical on their side then they should avoid it.
You are right but isn't available in many providers and regions. So even if gamblers want to bet, they simply can't.
Also for sure the casino would know if there's lack of interest on Political betting and for sure if they see that there's no people betting or had a little demand for this betting option then for sure that the casino would provably take out this option since for sure they don't want to waste their time and money for an option that doesn't get any profits for their casino.
Casinos' main (and probably only) interest is to earn money through gambling. Either that means games or events. We have seen bookies offering odds and markets for almost unbelievable things but hey, gambling is everywhere and for anything. If a casino gets even one more customer, is profit.
Most people think that this attack was because the government thinks that Polymaket's polls that showed overwhelming support for Donald Trump contributed to his victory.
Do you think gambling platforms should avoid political events?
https://www.google.com/amp/s/amp.theguardian.com/technology/2024/nov/13/fbi-raid-polymarket-founder-trump-election
I just only see this as a political fight from the Democrats, knowing fully well they lost the just concluded presidential election to the Republican and it's supporters, and as such, they are just only trying to exercise their political power, of which I'm happy they barely just have few days for their tenure to elapsed and Donald Trump gets officially sworn in as the 47th president of the United States of America. Whereas secondly, I totally sees nothing wrong with casinos involving in political affairs, by creating an enabling environment for opponents gamble on the outcome of an upcoming political event. As this will be a better avenue to monetize political discussion. Do you think gambling platforms should avoid political events?
https://www.google.com/amp/s/amp.theguardian.com/technology/2024/nov/13/fbi-raid-polymarket-founder-trump-election
Do you think gambling platforms should avoid political events?
When we look at how many people bet on this US election, we can conclude how popular it is to bet on political events, especially when it comes to big countries. When interest is high, there must be a market for it.
Gambling platforms will not avoid political events when people are interested in betting on them. Is this right or wrong? I think it's OK to bet on politics, it's a competition and it's fine if some people want to bet on their favorites. We can say that it has gone to the next level when we look at the markets on Polymarket.
However, if it doesn’t get the interest of the people, it shouldn’t be included then. Yes, the previous US election proved that this kind of bet is going to succeed, but it also depends on how prominent the people that they are going to bet.
Political betting is not new in the market and I don't know any reason on why people should avoid it. If other people don't think it entertaining or unethical on their side then they should avoid it.
But we cannot take out some facts that there are gamblers out there who love to bet on politics especially since this adds up the intense set up of that event they are speculating on.
Also for sure the casino would know if there's lack of interest on Political betting and for sure if they see that there's no people betting or had a little demand for this betting option then for sure that the casino would provably take out this option since for sure they don't want to waste their time and money for an option that doesn't get any profits for their casino.
Betting on political events, no matter how entertaining and interesting it is for us, but due to the operators risk, it should be avoided. Most particularly for big and reputable casinos, they should not put their credibility at stake while continuously engaging in political events betting, especially those controversial ones. Aside from reputation management, political betting may also subject to create wrong public perception and bias treatment, which is highly unacceptable in a gambling platform.
FBI raided the home of Shayne Coplan the chief executive of the predictive betting site Polymarket. He was instructed to give the agents his phone and other electronic gadgets. Polymaket felt that this raid was a retaliation by the Joe Biden administration for the betting platform's accurate predictions of the outcome of the elections.
But the Department of Justice claimed that Polymarket is under investigation for allegedly allowing US-based users to bet on the site. Polymarket doesn't have permission to operate bets and predictions in the US but users usually invade the prohibition using VPNs.
Elon Musk and Brian Armstrong have both criticised this raid calling it an attack on political opponents of the present administration. Most people think that this attack was because the government thinks that Polymaket's polls that showed overwhelming support for Donald Trump contributed to his victory.
Do you think gambling platforms should avoid political events?
But the Department of Justice claimed that Polymarket is under investigation for allegedly allowing US-based users to bet on the site. Polymarket doesn't have permission to operate bets and predictions in the US but users usually invade the prohibition using VPNs.
Elon Musk and Brian Armstrong have both criticised this raid calling it an attack on political opponents of the present administration. Most people think that this attack was because the government thinks that Polymaket's polls that showed overwhelming support for Donald Trump contributed to his victory.
Do you think gambling platforms should avoid political events?
It is very convenient cover for PolyMarket to blame "political betting" but there have been plenty of shady activities conducted by bookmakers in the past and this is unlikely to be the real reason. It is much more likely to be the fact that they allowed US players to bet without submitting to the right authorities - it's like the number one rule when it comes to gambling sites, if you allow US players then you better be following the rules precisely. So many sites have been shut down for this in the past and almost any gambling site you go on will have geoblockers and reject people who give their location as based in America, because it's way too much hassle. Almost every single betting site around the world had the same odds predicted, there was nothing otherwise special about them doing it and political betting should be allowed like any other sports bet.
But what I'm saying is that what they did is it good or bad for them to request for the database of anyone who predicted for the election I think in some certain countries where there is not sentiment does no person not can demand for such database because of just concluded election it is very bad for FBI to ask us such from my own understanding maybe there is investigation team that is being introduced get someone who we against them during the election or someone is trying to make sure that the incoming government will be ongovernable elected ones because this story something is wrong somewhere because it is not a genuine from my own angle of understanding politics
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Do you think gambling platforms should avoid political events?
https://www.google.com/amp/s/amp.theguardian.com/technology/2024/nov/13/fbi-raid-polymarket-founder-trump-election
[...]
Do you think gambling platforms should avoid political events?
https://www.google.com/amp/s/amp.theguardian.com/technology/2024/nov/13/fbi-raid-polymarket-founder-trump-election
No, No and No. It is my opinion that political markets offer an exciting gambling markets that differs from sports betting event. The recent US elections, there were gambling markets for it and I loved every bit of it, I took some bets on Polymarket and some on BcGame. It was actually the first time I placed bet on such event and I loved every thrill of it.
Prediction Markets are here to stay, if Polymarket closes, another one will spawn back up I'm sure. Those Polymarket polls might have influenced the result too because more often than not, people will always side with a perceived winner.
It is irrelevant as the number of bets placed on political events is usually much lower than the mainstream sports betting. Therefore most of the casinos offer such events just to show that they do care and listen to people, although these people are very few compare to what most people want. So for most people this thing if a casino keeps or not keeps the political events is not something that will make them go away to some other casino, only few individuals compared to the masses will be impacted by such choice.
No much impact can really be felt as a result from the betting of such political events in casinos that allows it. The large number of people that are voting are not gamblers and won’t even want to take their money to place a vote through that means. Also, some gamblers may not like a particular casino and won’t be interested in using their platform for the bet, so they may chose to use another casino for it. This will have little or no effect whatsoever in the result of the election. So casinos should not be their target for a loss election which they had nothing to do with.
But the Department of Justice claimed that Polymarket is under investigation for allegedly allowing US-based users to bet on the site. Polymarket doesn't have permission to operate bets and predictions in the US but users usually invade the prohibition using VPNs.
The raid should have been done earlier if the reason for the raid is this purpose they said. They shouldn’t have waited till after the elections before they raid him. No one will believe that is the reason for that. Also, poly market has become more popular after this big bet on the outcome of the US election. They were even been clamp down on by France government because of that. The US department of justice should be just in this case and allow the CEO go and not detained.
I think gambling platforms should dove head first into political events. Why the heck not?
Gambling on politics is opening up new possibilities because people bot interested in sports will have a reason to gamble now.
Polymarket does this well by having a platform that goes big on politics. But traditional bookies have more of an opportunity to cash in on all the people that are interested in politics.
I wish to see more investment on this sector by big bookies actually.
Gambling on politics is opening up new possibilities because people bot interested in sports will have a reason to gamble now.
Polymarket does this well by having a platform that goes big on politics. But traditional bookies have more of an opportunity to cash in on all the people that are interested in politics.
I wish to see more investment on this sector by big bookies actually.
Do you think gambling platforms should avoid political events?
When we look at how many people bet on this US election, we can conclude how popular it is to bet on political events, especially when it comes to big countries. When interest is high, there must be a market for it.
Gambling platforms will not avoid political events when people are interested in betting on them. Is this right or wrong? I think it's OK to bet on politics, it's a competition and it's fine if some people want to bet on their favorites. We can say that it has gone to the next level when we look at the markets on Polymarket.
However, if it doesn’t get the interest of the people, it shouldn’t be included then. Yes, the previous US election proved that this kind of bet is going to succeed, but it also depends on how prominent the people that they are going to bet.
If a gambling site predicted a political events and the outcome was exactly what was predicted then the gambling site should not be raided because they only predict the outcome and they didn't manipulate the results or the election. And what FBI did was wrong and because all these many don't like the party. The outcome of political electoral results can be predicted by anyone be a individual or group or organization. So there was no need for the Joe Biden government to raid an innocent gambling owners.
And what they have done shows the lack of political ethics. You don't play blame games but work hard to satisfy the masses in the country.
And what they have done shows the lack of political ethics. You don't play blame games but work hard to satisfy the masses in the country.
I believe there are other underlying reasons why it was raided. It was not only because of the predictions of this event. I don't think FBI would do such action without valid basis and strong foundation. Because that action can retaliate on them if there's no proof that some protocols were being violated by that establishment.
Hence, we can't really say, the owners are that innocent because we don't know the actual grounds of the raid. Most of the time, we will only read shallow discussion over the net. But the technicalities usually are well-hidden.
I believe that's a tricky situation, and it creates a lot of questions about the role of gambling platforms in political events. While gambling platforms are simply reflecting only the real public sentiment in the other hand betting on political events can become an issue, especially in some environments. Governments might see this it as influence public opinion or even as a way for manipulation if the predictions goes on one candidate or party.
Moreover, these platforms must verify and check the risks of engaging in political betting against their potential gains and consider the ethical and legal implications of their operations, before getting into troubles.
Moreover, these platforms must verify and check the risks of engaging in political betting against their potential gains and consider the ethical and legal implications of their operations, before getting into troubles.
This is just regular attack on crypto sites and said that "US person should not allowed trading betting or do anything on non US company" I mean this is aint new there are bunch of Crypto exchange and maybe lot of Defi APp that been called by the US that they should not allowed US citizen to even entry their sites.
Should gambling platforms avoid political events? Hmm i dont know frenn, Nowadays almost all things can be used for gambling, heck life basically is a gamble hahaha. The problem is if you do work on crypto and dont complain to US then you should worry haha
Many gamblers are more interested to see some political events so they can have the opportunity to bet on them trying their luck. The US will not allow companies that are not registered in the US to give services to their citizens. These has been known for long and that's why many gambling platform are always avoid the US citizens from using their sites stating it clearly so everyone can see. There were so many restrictions in the US and we have seen so many companies get sanctioned because they don't opt in to the system on how tax is been paid. It is a crime for you not to pay tax in the US, that's why we have been seeing sanctions on companies diverting tax payments. Should gambling platforms avoid political events? Hmm i dont know frenn, Nowadays almost all things can be used for gambling, heck life basically is a gamble hahaha. The problem is if you do work on crypto and dont complain to US then you should worry haha
Elon Musk and Brian Armstrong have both criticised this raid calling it an attack on political opponents of the present administration. Most people think that this attack was because the government thinks that Polymaket's polls that showed overwhelming support for Donald Trump contributed to his victory.
Do you think gambling platforms should avoid political events?
First I’ll like to know is; Do you think gambling platforms should avoid political events?
If they are just coming to terms with this now or perhaps it just got to a significant level that they had to act on it at this time or it’s always something they were looking into doing.
I supposedly that isn’t the case and the whole scenario about the predictions and polls brought them to the mainstream.Eventually, they’ve got to settle there case using legal means.
If gambling platforms should avoid politics?
I think they should. Not just gambling platforms but, a good number of other platforms out there. We all know how politics wheels power like a tool to punish its opposition when they’ve still got it. It’s just want it is and your opposition often keeps away from patronizing your services and product, due to the part you played. It’s the case many at times and staying neutral surely helps.
If a gambling site predicted a political events and the outcome was exactly what was predicted then the gambling site should not be raided because they only predict the outcome and they didn't manipulate the results or the election. And what FBI did was wrong and because all these many don't like the party. The outcome of political electoral results can be predicted by anyone be a individual or group or organization. So there was no need for the Joe Biden government to raid an innocent gambling owners.
And what they have done shows the lack of political ethics. You don't play blame games but work hard to satisfy the masses in the country.
here the situation is more likely in the regulation of information policy and the fact that another major player has appeared on the information market in addition to television and other media. I think it is this factor that has made political forces nervous. The next major elections are not soon, but I think that regulation cannot be avoided this time. And what they have done shows the lack of political ethics. You don't play blame games but work hard to satisfy the masses in the country.
If a gambling site predicted a political events and the outcome was exactly what was predicted then the gambling site should not be raided because they only predict the outcome and they didn't manipulate the results or the election. And what FBI did was wrong and because all these many don't like the party. The outcome of political electoral results can be predicted by anyone be a individual or group or organization. So there was no need for the Joe Biden government to raid an innocent gambling owners.
And what they have done shows the lack of political ethics. You don't play blame games but work hard to satisfy the masses in the country.
And what they have done shows the lack of political ethics. You don't play blame games but work hard to satisfy the masses in the country.
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