Should gambling platforms avoid political events? - page 2.

madnessteat

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Quote from: Fiatless on November 14, 2024, 03:36:21 AM

~snip~

It's a very controversial issue. On the one hand, those in power will always protect their interests and sometimes not quite honestly, but on the other hand, such platforms can be used for the same purpose. Therefore, I would refrain from making any statements until everything is clearer. Now there may be a lot of unverified information that you should not trust. I think that more details about this case will appear soon.

Rabata

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I think there are arguments on that issue. What I emphasize positively is that a gambler is completely free to bet as he wishes. But if we look at it from another angle, this bet has a negative effect as well. When the people of a country place bets on the outcome of an election in their country, those gamblers never look at the chosen party and use their vote to win the bet. One party may have more support but he will also try to change his support for the opposition party to win his bets. This can completely change the political terrain. Which can bring big changes in politics. That is why it is better not to manage the bets around the election.

Findingnemo

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Bitcoin = Financial freedom

A simple solution, if US doesn't allow a platform to provide US customers then it shouldn't be allowed to operate at all, let them choose their operation somewhere eliminates everything and I don't see this as a retaliation of anything and these kinds of raids are very common and FBI has the right to do such searches if they feel something illegal is operating there.

Truthlovecoins

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Quote from: Doan9269 on November 15, 2024, 10:50:09 AM

Gambling platforms cannot avoid political events because from there is part of how they are making their money, when gamblers are betting on such events and activities, just as we already have it in the just concluded US presidential election, gamblers took bets on it and make fun out of it, we cannot also make gambling turned a political effect, but people are only interested on the events for the purpose of gambling.

For the purpose of gambling, is why so many people try out their luck when there are major events that could produce the opportunity to make quick wealth. I don't blame any gambling platforms that make out extra effort to include some major events that aren't just sports or horse racing, because in the end, a gambling platform aims to make money from the outcomes of events, it is just that sports betting or horse racing or basketball games are a more frequent event and as such, occupies a top spot for options a bettor can choose from.
Political events or other events that are remarkable can and should be made available to be bet on, that's from a legal platform.

Doan9269

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Gambling platforms cannot avoid political events because from there is part of how they are making their money, when gamblers are betting on such events and activities, just as we already have it in the just concluded US presidential election, gamblers took bets on it and make fun out of it, we cannot also make gambling turned a political effect, but people are only interested on the events for the purpose of gambling.

sunsilk

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Quote from: Moreno233 on November 15, 2024, 10:29:48 AM

Quote from: sunsilk on November 14, 2024, 01:09:05 PM

Quote from: Fiatless on November 14, 2024, 03:36:21 AM

Do you think gambling platforms should avoid political events?

Nope. I don't think so, they have no control over the people's sentiment toward the political candidate that they are supporting. And it's hard to change someone's point of view politically.

With that raid, I haven't read the entire details but I don't think that the authorities won't just come by to Coplan's house without an arresting warrant.

If it's legal measures that have to be adhered to, there are violations that probably have been seen with their operation into US' jurisdiction.

You are very correct on this because I have been wondering how they came to the conclusion that people betting on a private website will influence the outcome of elections. It shows they don't even understand what the voters want which should be the policies and not just mere distractions. Are they saying that the millions of American voters will use betting site to decide their future? Those are the least factors that influence voters. The odds in polymarket were just fixed based on the outcome of various polls conducted by different entities.

If they are looking for something that really influences someone's political stand, they should go and hunt them through different social medias.

It's very easy to create pages there and make the most of the time and posts that they make there. One post there can influence a lot of people that are against to the candidate of the poster/page.

That's where they should look for more trolls or any political pages that truly give an example of how to change someone's political belief.

Woodie

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Rollbit.com ⚔️Crypto Futures

Am pretty sure that these markets don't just come about if punters aren't interested in them, if am not mistaken these markets exist because the gamblers themselves request for these markets..and if the bookies can make a buck on them then why not give them what they want.

Quote

Should gambling platforms avoid political events?

What would call for this, rigging an Election Tongue

which we know gambling has no influence.. so I don't find a reason for them to avoid the events.

Moreno233

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Quote from: sunsilk on November 14, 2024, 01:09:05 PM

Quote from: Fiatless on November 14, 2024, 03:36:21 AM

Do you think gambling platforms should avoid political events?

Nope. I don't think so, they have no control over the people's sentiment toward the political candidate that they are supporting. And it's hard to change someone's point of view politically.

With that raid, I haven't read the entire details but I don't think that the authorities won't just come by to Coplan's house without an arresting warrant.

If it's legal measures that have to be adhered to, there are violations that probably have been seen with their operation into US' jurisdiction.

You are very correct on this because I have been wondering how they came to the conclusion that people betting on a private website will influence the outcome of elections. It shows they don't even understand what the voters want which should be the policies and not just mere distractions. Are they saying that the millions of American voters will use betting site to decide their future? Those are the least factors that influence voters. The odds in polymarket were just fixed based on the outcome of various polls conducted by different entities.

Dr.Bitcoin_Strange

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Leading Crypto Sports Betting & Casino Platform

I don't think that betting on Trump to win the election ever contibuted to making Trump finally win. If betting on political event is legal according to law, then I see no reason why casinos should not add it in their bookie. A casino can only face judgement if maybe betting on political event is against the law but they went ahead to add it.

trendcoin

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casinosblockchain.io

Gambling platforms make more accurate predictions than survey results. Survey results are open to manipulation, but betting results are far less open to manipulation. Therefore, some governments may want to impose sanctions against gambling platforms... I don't think gambling platforms should avoid political events in order to provide the public with more accurate information...

CryptSafe

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Quote from: Adbitco on November 14, 2024, 12:23:21 PM

Quote from: Baofeng on November 14, 2024, 06:22:23 AM

Quote from: Fiatless on November 14, 2024, 03:36:21 AM

Do you think gambling platforms should avoid political events?

So it's very wrong to go after Poly market, maybe they can't really accept that fact that Poly and any other gambling sites predicted or favored Trump to win the US Presidential election.

This could be a conspiracy between these people who are against Trump winning, and like I know it's seen that polymarket is used to fuel the victory of Trump against Harris.
But the question is that, is this the only gambling site that features the US presidential election and why must it be only this market everyone is attacking?

I have thought about this and I think it is likely what came into play because they might think or see the betting as a means of their opposition to attack their chances of winning the election by making them unpopular through a betting strategy as it is that bettors are easily influenced by the odds to win in a high margin.

Poly market is not the only gambling site that did the betting on the just concluded USA Presidential election so why the sudden arrest and attack on them. How about other gambling website that did such too, there have nothing been said about them .

Oluwa-btc

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Quote from: Fiatless on November 14, 2024, 03:36:21 AM

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

The did has been done and there's no reversal of acts but then it shouldn't affect any other aspects of gambling activities but purely looking at the rate of bets placed on both sports and politics you'll definitely understand that people find more time to gamble or bet on sports rather than political event so there's no point of avoiding political events cause it's another integral parts of gambling.

sunsilk

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Quote from: AmoreJaz on November 14, 2024, 02:14:53 PM

Quote from: sunsilk on November 14, 2024, 01:09:05 PM

Quote from: Fiatless on November 14, 2024, 03:36:21 AM

Do you think gambling platforms should avoid political events?

Nope. I don't think so, they have no control over the people's sentiment toward the political candidate that they are supporting. And it's hard to change someone's point of view politically.

With that raid, I haven't read the entire details but I don't think that the authorities won't just come by to Coplan's house without an arresting warrant.

If it's legal measures that have to be adhered to, there are violations that probably have been seen with their operation into US' jurisdiction.

For sure, they have very good reason to do this kind of raid. Because if their reasoning is weak, they are just giving another reason for people to not believe their capability of being fair and can be judged as irresponsible.
Usually, it is allowing US citizens to use their platform.

If the case and cause of the raid are bailable, there is no need to worry about him because he'll surely get out of that, not just because he's got some connections but money.

Quote from: AmoreJaz on November 14, 2024, 02:14:53 PM

Usually, it is allowing US citizens to use their platform. This is why most casinos here found in the forum are very strict when it comes to country restriction. Some are already blocking players if they are detecting the IP of the user if he is coming from their restricted list.

And that's right and some even are making specific domains for their US players because there's a different ruling there about gambling.

That's why if they have found that their users are using VPNs, it's not a matter to them and they're totally fine with it.

Nwada001

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Quote from: Fiatless on November 14, 2024, 03:36:21 AM

Do you think gambling platforms should avoid political events?

Political events are something that people pick interest in, and it's good that they are already allowed for bets to be placed on them.

I don't think it's wrong for such to be allowed; the only thing is that the every gambling platform that wants to provide such an option should make sure that they get a license before they start providing such a game option in order to avoid future troubles from regulators.

khiholangkang

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Quote from: mindrust on November 14, 2024, 01:15:06 PM

FBI can zuck my bong. Raiding polymarket ceo’s home huh? The demrats lost their minds completely. They didn’t lose the election because more people made bets on Trump’s victory; they lost the election because they are incompetent, irresponsible, out of touch with reality and most importantly, they are stupid.

The sooner they acknowledge this fact and do the necessary changes to fix their problems, the more chances will they have in 2028. Otherwise prepare for another 4 years with the Republicans.

If polymarket goes down, some other will fill its spot. Hopefully they won’t go that far.

Yes maybe they are also quite upset with the number of gamblers who are optimistic about Trump's victory making gamblers continue to support Trump and this is a pretty good base as a driver of the gambling community supporting Trump more because they want to get a victory.

But if the Democrats really do such a thing, of course I think this is a stupid act, it will only embarrass themselves in public for the defeat they have to accept, maybe there will be other stupid actions next. LOL

AmoreJaz

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Quote from: sunsilk on November 14, 2024, 01:09:05 PM

Quote from: Fiatless on November 14, 2024, 03:36:21 AM

Do you think gambling platforms should avoid political events?

Nope. I don't think so, they have no control over the people's sentiment toward the political candidate that they are supporting. And it's hard to change someone's point of view politically.

With that raid, I haven't read the entire details but I don't think that the authorities won't just come by to Coplan's house without an arresting warrant.

If it's legal measures that have to be adhered to, there are violations that probably have been seen with their operation into US' jurisdiction.

For sure, they have very good reason to do this kind of raid. Because if their reasoning is weak, they are just giving another reason for people to not believe their capability of being fair and can be judged as irresponsible.
Usually, it is allowing US citizens to use their platform. This is why most casinos here found in the forum are very strict when it comes to country restriction. Some are already blocking players if they are detecting the IP of the user if he is coming from their restricted list.

Forsyth Jones

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Duelbits - Play for Free | Win for Real

I think it is up to each betting platform to decide this and if the players who are the target audience decide whether to continue to encourage this, as the government decided to intervene in this using force, it only shows itself to be a sore loser and only shows us that the left does not care about doing whatever it takes to use violence as retaliation for its defeat.

Antotena

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Quote from: Fiatless on November 14, 2024, 03:36:21 AM

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?

https://www.google.com/amp/s/amp.theguardian.com/technology/2024/nov/13/fbi-raid-polymarket-founder-trump-election

Polymarket is a decentralized betting platform I think, that means the owners doesn't control who comes to bet and who they don't like, I'm not sure if there is any case here to begin with but let's say there is, arresting the founder right now immediately after the election will sound political. They should have waited in January when Trump would have been in power, then people wouldn't have any propaganda to say that it's political arraignment.

I believe the founder knows the implications of what is coming now, I don't know much about allowing US citizens to bets on its platforms but I remember me time Uniswap was facing the same problem and they had to avoid US citizens at some points. Didn't follow up the case but something like this happened and I think it's wise enough to disallow US citizens so they don't come for him but on a second thought, who are going to be interested in US election if not the US citizens. They might even charge him for manipulating US election. Government can't just be trusted.

Zoomic

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Quote from: Patikno on November 14, 2024, 12:27:01 PM

Quote from: Fiatless on November 14, 2024, 03:36:21 AM

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?

There is actually nothing wrong with incorporating political events into gambling, especially if it is just a platform like Polymarket, I'm sure that their market size there is smaller than in the existing mainstream crypto casinos, such as Stake.com. From this reason I assume that this is just a dirty trick from the incumbent president, maybe he is annoyed because the majority of people in the world are more pro Donald Trump.

News has it that Polymarket was banned in the US and US citizens are restricted from using their services. The just concluded US presidential elections drew alot of attention to Polymarket because lots of users in the US placed bets on the outcome of the elections. This obviously has led to the various attacks on Polymarket.

Although Polymarket has claimed to be non-partisan, I still believe the attacks on Polymarket is politically motivated and Polymarket placed themselves in that position to be used as a scape goat by those still in authority. Polymarket already has some restrictions in the US.

Betting on political events is not wrong, but the prediction platform should ensure to follow strict regulatory rules. It will be wrong if such bets are prohibited in that country or the Betting platform has no licence to operate in that country.

mindrust

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FBI can zuck my bong. Raiding polymarket ceo’s home huh? The demrats lost their minds completely. They didn’t lose the election because more people made bets on Trump’s victory; they lost the election because they are incompetent, irresponsible, out of touch with reality and most importantly, they are stupid.

The sooner they acknowledge this fact and do the necessary changes to fix their problems, the more chances will they have in 2028. Otherwise prepare for another 4 years with the Republicans.

If polymarket goes down, some other will fill its spot. Hopefully they won’t go that far.

Topic: Should gambling platforms avoid political events? - page 2. (Read 667 times)