Betting on political events is dangerous for those politicians who use administrative resources to falsify election results and/or statistical research. Online platforms for betting on political events allow for very accurate and truthful statistical research. It is clear that many do not like this...
In general, note that modern information technologies allow people to vote on all issues and make appropriate decisions online without the mediation of third parties and without cumbersome political and institutional structures. And we can conclude that direct democracy and people's rule seem to be of no interest to anyone...
As for the governments of different countries (including the United States), they "protect" their citizens even in cases where they do not need protection at all.
Topic: Should gambling platforms avoid political events? - page 3. (Read 1361 times)
Do you think gambling platforms should avoid political events?
Yes! Definitely! And gambling platforms should also avoid any political relations between any politicians as it may result to this kind of incident.
Gambling related businesses are easier to find mistakes with in terms of compliance and regulations than any other business models. One perfect example is when gamblers are using VPN to bypass prohibited gambling platform. So, that's the main reason why authorities can easily implement raids as well.
Gambling is the choice of picking the odds. In whatever event there is a choice of selection, it gets added to the list. So are the political events, and the US election isn't the only thing. The entire world watches the US election, and for that reason we were able to see more bets being made on the election than on mainstream sports and other political events. Even if there aren't many platforms for gambling, the gambling on political events will continue to thrive, and this time we were able to find big money being spent by individuals.
The gambler who had knowledge in the gambling will easily finds the odds of the gambling,but the gamblers who was new to gambling will keep on struggling the game.Once the gambling was learned by the gambler,he will easily take the big money risk in the gambling.Actually the big risk in the gambling alone help the gamblers to make big money in the short period of time.The gambler who make the betting in the gambling of US Election in gambling site will make the huge money from that gambling games.
Besides that, sometimes betting on political can makes many people discuss on the chance for every candidates so they can analyze more to find which candidate that have bigger potential to wins than the other candidates. But yes, people needs to have more knowledge about each candidate so they can make an analysis for each. Casinos will not want to let that without providing the bet for people who wants to bet on political events so they will promote that they have a list on some political events. Betting on the President election can attract many people to bet so that will be more profit for the casino.
And it would be strange if politicians in their advertising campaigns did not use such a rather powerful and convincing tool for undecided voters to the fullest extent. And so it is used almost everywhere, even in small local elections.
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Gambling is the choice of picking the odds. In whatever event there is a choice of selection, it gets added to the list. So are the political events, and the US election isn't the only thing. The entire world watches the US election, and for that reason we were able to see more bets being made on the election than on mainstream sports and other political events. Even if there aren't many platforms for gambling, the gambling on political events will continue to thrive, and this time we were able to find big money being spent by individuals.
The gambler who had knowledge in the gambling will easily finds the odds of the gambling,but the gamblers who was new to gambling will keep on struggling the game.Once the gambling was learned by the gambler,he will easily take the big money risk in the gambling.Actually the big risk in the gambling alone help the gamblers to make big money in the short period of time.The gambler who make the betting in the gambling of US Election in gambling site will make the huge money from that gambling games.
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.
If I can give an opinion, it is better indeed for gambling sites not to get involved in politics, in my opinion the raid cannot be separated from the smell of politics, especially since Polymarket not on the side of the government that is being led by Biden when conducting surveys, not only in America, even in all existing countries, politics is too dirty and the ruler only makes the state a tool to destroy every party that is considered to be in the way of it.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.
We know that Polymarket has been active in America for a long time and so far there has been no problem with them, so why are they currently considered problematic after the poll is conducted, isn't that strange?
I think the statement from the Department of Justice regarding the raid is a pretext to seek justification to preserve the reputation of the government, so believe me that is not an honest reason in my opinion.
I don't quite understand what it is about political betting that it can't be done on a prediction platform. By the way, this is a largely decentralized platform and if it were completely decentralized and anonymous, the US authorities would not be able to crack down on it. The future belongs to decentralization. In addition, it is funny to see how American government organizations take care of American citizens against their will. American citizens themselves circumvent restrictions by using a VPN and this clearly indicates that they themselves want to participate in these bets and do not need their protection. Unfortunately, there is no way to protect yourself from this, except by greater decentralization.
Do you think gambling platforms should avoid political events?
I don't think so. And to avoid persecution from authorities isn't a good reason for betting platforms to remove political events from their websites, as it smells like censorship. In fact, there is no reason to avoid offering bets on political events. People have the right to launch their guesses on political events as they wish.On the other hand, what should be fought back are people who have access to privileged informations, while using such informations to have unfair advantage compared to another gamblers. That is cheating and compromises the legitimacy of betting ecosystem.
Moreover, gambling only provides market offer to gamblers who want to support and bet on political event, if it is indeed mistake and considered dangerous then the government should have banned betting on political events.
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 don't think so, because bookmakers will include events that can bring a lot of money to their site, and you can see the American presidential election is always an event that many people are looking forward to so bookmakers know this will bring a lot of profit to their business, and if you read about the case it is not because of the betting event but how the bookmaker accepted bets from American citizens where they do not have a license to permission in that country, So the problem is with the bookie, not the betting event.
Gambling is the choice of picking the odds. In whatever event there is a choice of selection, it gets added to the list. So are the political events, and the US election isn't the only thing. The entire world watches the US election, and for that reason we were able to see more bets being made on the election than on mainstream sports and other political events. Even if there aren't many platforms for gambling, the gambling on political events will continue to thrive, and this time we were able to find big money being spent by individuals.
The gambler who had knowledge in the gambling will easily finds the odds of the gambling,but the gamblers who was new to gambling will keep on struggling the game.Once the gambling was learned by the gambler,he will easily take the big money risk in the gambling.Actually the big risk in the gambling alone help the gamblers to make big money in the short period of time.The gambler who make the betting in the gambling of US Election in gambling site will make the huge money from that gambling games.
Gambling is the choice of picking the odds. In whatever event there is a choice of selection, it gets added to the list. So are the political events, and the US election isn't the only thing. The entire world watches the US election, and for that reason we were able to see more bets being made on the election than on mainstream sports and other political events. Even if there aren't many platforms for gambling, the gambling on political events will continue to thrive, and this time we were able to find big money being spent by individuals.
Gambling is the choice of picking the odds. In whatever event there is a choice of selection, it gets added to the list. So are the political events, and the US election isn't the only thing. The entire world watches the US election, and for that reason we were able to see more bets being made on the election than on mainstream sports and other political events. Even if there aren't many platforms for gambling, the gambling on political events will continue to thrive, and this time we were able to find big money being spent by individuals.
At least it's a nice publicity boost for Polymarket because while it was becoming one of the biggest crypto gambling platform almost nobody was talking about it seriously here up to now, I've just found one thread dedicated to it here and there were only 3 posts inside it. So with this news at least, people start to talk about this crypto gambling phenomenon, and one topic has even been opened in the Legal section. I hope more people will talk about it now because it offers an interesting way of betting IMO and not only on political events but also on sports.
I would agree with your point of view here, this action of the government agency against Polymarket seems to be a good publicity for the casino as they have gained more public attention and it has gained them more traffic as well because the event that led to this occurrences or outcome was mind-blowing. Although the casino have been in existence and not as popular and known as it is now as a result of their platform bet on the recent US presidential election and the arrest of the founder of the Polymarket. So far there have been lots of discussion about the casino and many people and members input in the events are very interesting to say.
See this one:
Last-minute Legal Ruling Allows Betting On US Election
https://www.barrons.com/news/last-minute-legal-ruling-allows-betting-on-us-election-afdbb600
If the country do allows it, why it would bookies wont be able to do so?
If the law backs the extension of betting on general elections in the country then what's the fuse all about except that the present government is just trying to be intimidating as a result of their loss. The US election was a big market for bookies and bookies knew it was really going to sell worldwide due to diverse intersts involved but within and outside the US. There's nothing wrong for people to make predictions about what the election outcome could be and still nothing bad too that it got on the bookies for people to try their luck and earn money from it. Last-minute Legal Ruling Allows Betting On US Election
https://www.barrons.com/news/last-minute-legal-ruling-allows-betting-on-us-election-afdbb600
If the country do allows it, why it would bookies wont be able to do so?
I think that it is inevitable, because every time there is an election in the US, the rich gamblers always have a bet, especially the candidates running for presidency.
This often happens even when bitcoin or blockchain technology was not invented.
There are also many people who benefit from these types of events that happen.
This often happens even when bitcoin or blockchain technology was not invented.
There are also many people who benefit from these types of events that happen.
Quote
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?
Do you think gambling platforms should avoid political events?
So basically a betting platform(Polymarket) had influenced millions of Americans to vote for Trump? This is ridiculous. Only a complete idiot would believe in such BS explanation.
Maybe many Americans had used VPN and bet some money on the election results, but is this illegal? Should Polymarket be blamed for all the people, who are using VPNs to access their platform? I'm not sure. Betting on the outcome of political events always seemed a little bit weird to me, but I can't find a reason why it should be banned. Is betting on political events is totally banned in the USA, many gamblers would simply choose foreign betting platforms.
Many of the betting platforms that I use have the US presidential election on their sports betting pages although I believe it's because I am from another country which is why it's available.
Still, I think they should let it be. It's just the same as casting the votes of their people. They are casting it in a betting way but I don't see why it can cause chaos for the election. It's not like all Americans will be betting. Some of them will not so the end result in gambling could not be used to tell the outcome of the election.
Yeah right, the betting platforms won't be able to bring accurate results if how people vote for their next leaders, something is not right in terms of bringing a case against him just because of it, though if there's a law that being violated then surely it will be used against him, hopefully the next administration will find this bias kind of executing the law will help him to resolve this and continue things accordingly, if he helps Trump indirectly maybe there's consideration that might help him too.
Quote
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?
Do you think gambling platforms should avoid political events?
So basically a betting platform(Polymarket) had influenced millions of Americans to vote for Trump? This is ridiculous. Only a complete idiot would believe in such BS explanation.
Maybe many Americans had used VPN and bet some money on the election results, but is this illegal? Should Polymarket be blamed for all the people, who are using VPNs to access their platform? I'm not sure. Betting on the outcome of political events always seemed a little bit weird to me, but I can't find a reason why it should be banned. Is betting on political events is totally banned in the USA, many gamblers would simply choose foreign betting platforms.
Many of the betting platforms that I use have the US presidential election on their sports betting pages although I believe it's because I am from another country which is why it's available.
Still, I think they should let it be. It's just the same as casting the votes of their people. They are casting it in a betting way but I don't see why it can cause chaos for the election. It's not like all Americans will be betting. Some of them will not so the end result in gambling could not be used to tell the outcome of the election.
See this one:
Last-minute Legal Ruling Allows Betting On US Election
https://www.barrons.com/news/last-minute-legal-ruling-allows-betting-on-us-election-afdbb600
If the country do allows it, why it would bookies wont be able to do so?
If the law backs the extension of betting on general elections in the country then what's the fuse all about except that the present government is just trying to be intimidating as a result of their loss. The US election was a big market for bookies and bookies knew it was really going to sell worldwide due to diverse intersts involved but within and outside the US. There's nothing wrong for people to make predictions about what the election outcome could be and still nothing bad too that it got on the bookies for people to try their luck and earn money from it. Last-minute Legal Ruling Allows Betting On US Election
https://www.barrons.com/news/last-minute-legal-ruling-allows-betting-on-us-election-afdbb600
If the country do allows it, why it would bookies wont be able to do so?
legal ruling allows betting on US election. Why would really be needing up to be avoided? Just like on what everyone is saying on here is that we dont see anything wrong with these events on which it isnt really just that limited to elections itself but also in other popular stuffs as well.
Quote
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?
Do you think gambling platforms should avoid political events?
So basically a betting platform(Polymarket) had influenced millions of Americans to vote for Trump? This is ridiculous. Only a complete idiot would believe in such BS explanation.
Maybe many Americans had used VPN and bet some money on the election results, but is this illegal? Should Polymarket be blamed for all the people, who are using VPNs to access their platform? I'm not sure. Betting on the outcome of political events always seemed a little bit weird to me, but I can't find a reason why it should be banned. Is betting on political events is totally banned in the USA, many gamblers would simply choose foreign betting platforms.
See this one:
Last-minute Legal Ruling Allows Betting On US Election
https://www.barrons.com/news/last-minute-legal-ruling-allows-betting-on-us-election-afdbb600
If the country do allows it, why it would bookies wont be able to do so?
If the law backs the extension of betting on general elections in the country then what's the fuse all about except that the present government is just trying to be intimidating as a result of their loss. The US election was a big market for bookies and bookies knew it was really going to sell worldwide due to diverse intersts involved but within and outside the US. There's nothing wrong for people to make predictions about what the election outcome could be and still nothing bad too that it got on the bookies for people to try their luck and earn money from it. Last-minute Legal Ruling Allows Betting On US Election
https://www.barrons.com/news/last-minute-legal-ruling-allows-betting-on-us-election-afdbb600
If the country do allows it, why it would bookies wont be able to do so?
Do you think gambling platforms should avoid political events?
I don't think so. And to avoid persecution from authorities isn't a good reason for betting platforms to remove political events from their websites, as it smells like censorship. In fact, there is no reason to avoid offering bets on political events. People have the right to launch their guesses on political events as they wish.On the other hand, what should be fought back are people who have access to privileged informations, while using such informations to have unfair advantage compared to another gamblers. That is cheating and compromises the legitimacy of betting ecosystem.
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