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Topic: Should gambling platforms avoid political events? - page 6. (Read 667 times)

legendary
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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.
hero member
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Leading Crypto Sports Betting & Casino 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?

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