Should gambling platforms avoid political events? - page 8.

coin-investor

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

Do you think gambling platforms should avoid political events?

The Polymarket issue isn't about political events but about allowing US-based users to bet on the site; even if its not a political event, there's a probability that they will still investigate Polymarket.
I don't see anything illegal or immoral betting on political events, what is immoral and illegal is on a site where I stumble making bets on wars about the number of deaths and who wins the war, but on political events like election, I don't see why casino platforms should avoid this event, it attracts bets for profit and it engage players to understand the political agenda of candidates.

Spaceman1000$

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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?

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

I don't think gambling platform should avoid it, the reason is that, political events like election are easily predictable, hence they are prone to prediction, bet companies can put it in their site for easy booking. I personally don't see anyone wrong with it, it's a competition, just the way we have football competition and people could easily predict it's outcome of a contest between two persons. The FIB is just overreacting by the raiding the house of the CEO, and i believe when Donald Trump is sworn in, this charges will be dropped.
Moreover if they think the polymaket's poll contributed to Donald Trump victory, then they would have done things legally possible to win Trump during the election since they foresaw the outcome.

xLays

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That's just an excuse. They'll do everything they can to find flaws in the election process. But to answer the the title question, if it turns out that people might blame you as one of the reasons the opposition lost, it's probably best to stop this kind of event to avoid any issues. Ideally the current administration should have addressed this from the beginning, before the election even started and clarified that what Polymarket is doing is not allowed and can affect the election.

lovesmayfamilis

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In other words, it turns out that elections can be manipulated by betting on one candidate, and all people are guided by the opinion of one gaming platform. Maybe he needs to look more soberly at obvious things and understand that normal Americans are pretty tired of Biden's leadership and all his minions, and they don't need anyone's hints to make the right choice since they see the life that their elderly leader has directed them to.

Baofeng

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

Do you think gambling platforms should avoid political events?

Nah, we have been seeing a lot of political events not just in the US, but in other parts of the globe and there have been wagering on them and there are no consequences. So what is the difference with the US election and now they are like on the witch hunt specially Polymarket, doesn't really make sense, but perhaps it was really on attack on the platform itself as they really make a lot of money in this Presidential election?

France is also looking at Poly as well, French regulators are looking into Polymarket after a massive surge in US election betting.

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.

EarnOnVictor

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

-snip-
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

Yes, it should but you should have also added a poll to this, my friend. I must say that I've seen a few people trying to be overbearing here to silence some interesting gambling news. If Bitcoin-related news (be it political or not) can be discussed in the Bitcoin discussion section and Exchange-realted news can be discussed in the Exchange section, why not Gambling-related news? People should stop sterotypying the Gambling section.

If I were a moderator, anything related to gambling and its discussion would be welcome here (Gambling discussion), after all, we have a Gambling section and a Gambling discussion section. The reason why the two are not the same is for us to have a wider discussion of anything related to gambling and those key actors in the sector like companies and the owners' ordeal/appraisals. This is important for us to stay informed, but it seems that some people always want to Control Everything and make it be just as THEY want it. This is ugly!

YOSHIE

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

Do you think gambling platforms should avoid political events?

This should be the case, the gambling industry should not be involved in the political realm, gambling platforms should be neutral in all matters, it seems like Polymarket has gone too far in this matter, currently Polymarket and US presidential betting have become popular news on social media, This is because there was a big victory there and there may be suspicious funds for political support, maybe it would be a different story if Trump lost the election yesterday.

In general, the casino industry is rarely involved directly with politics, maybe if it just provides betting it's not a problem, it's not directly involved, it seems that Polymarket's problem is more complicated, not like they imagined (smooth) this is really complicated, I'm sure a situation like this Polymarket will end sadly or be closed permanently.

shield132

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

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.

This is nonsense, Polymarket's poll results couldn't affect the Presidential Elections. If it's reality that it's so easy to affect the outcome of the US presidential elections with one website only, which was launched a few months ago, then this means that the USA as a country and continent has finally fallen down.
Polymarket's polls showed the truth, the majority of people were voting for Donald Trump. It was not Polymarket alone, every casino was sure that Trump was going to win, and the majority of people were betting on Donald Trump in every sportsbook, including fiat sportsbooks.

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

Do you think gambling platforms should avoid political events?

No, I love political bets. I don't know if it's good luck or my good analytical thinking ability, but I guess political bets all the time, so it's a nice way for me to make some good money every 4 years.
Bitoin halving and US presidential elections are two my favourite things.

Lannakosa

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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?

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

Where there is room for big money, there will always be those who try to make money on it. Betting on political events has always seemed like a dubious action to me, but on the other hand, people bet on everything, so there is nothing surprising or reprehensible about it. Unless we are talking about the fact that the election data was transferred to someone for accurate betting, or the lack of a license to carry out this activity, if so, then it is clear that law enforcement agencies will have claims.

gunhell16

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It often happens when there is an election in the US that there are gamblers who bet on who will win the president, and it is up to them how much amount they will bet on their bet. Maybe the majority who do this are just rich gamblers in other countries.

And this election that just ended in the US, there were many gamblers who won who bet on Trump; maybe the others who bet and got even richer with the size of their bet,
which is possible, right?

Awaklara

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

Do you think gambling platforms should avoid political events?

I think it's not attending political events, but being wiser in making opinions and not being biased in making betting predictions. it causes some suspicions from political opponents, especially the losers, to think that there is involvement of gambling platforms in one of the candidates.
they will reveal and find fault with the gambling platform, especially if political opponents still have the power to conduct investigations. maybe the situation will be difficult.

Orpichukwu

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Quote from: Hewlet on November 14, 2024, 04:41:44 AM

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

Do you think gambling platforms should avoid political events?

why should gambling platforms avoid political events? Does it in any way interfair with the outcome of the election? I don't see anything that's wrong if people out of the knowledge they have on the potential outcome of an election decides to place a bet on the election. As a matter of fact, it could be a way of encouraging citizens in the gambling space to get involved in the election process.

It's not as if the gambling platform in anyway contributed to the outcome of the election, but the thing there is, the opponent of who ever wins the election at the end of the day might think otherwise; otherwise, they look for who to blame and indirectly charge them for things that don't really add up, just like the case of this polymarket. To avoid such should be among the reasons the Op asked that question.

Fiatless

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Quote from: acroman08 on November 14, 2024, 05:37:05 AM

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

Do you think gambling platforms should avoid political events?

No, I don't see any valid reason why betting on political events should not be allowed. if the losing candidates use his power/connection to retaliate on gambling platforms because it shows that the majority of the support is against them, then it is better that they lost and they should never be allowed to hold any kind of power in the government.

The results of some of the polls showed that they were manipulated to favor a candidate. Polymaket was one of the polls that indicated that Donald Trump would have a convincing victory over Kamala Harris. When I saw the poll results, I was surprised that Polymaket's results were far different from others. This might indicate that gambling platforms produce more reliable and accurate poll results than other organizations that can easily be manipulated.

If this is a political witch-hunt, then it is a shameful act that should be condemned by all. Attacking a betting platform because it gave out accurate results shouldn't happen in an advanced democracy like the US.

nimogsm

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

Do you think gambling platforms should avoid political events?

If betting platforms do not campaign for anyone or support a candidate and are at the same time as neutral as possible, then why not? Elections are always a high-profile event and sometimes even on a global scale, as in this case. And if there is an opportunity to bet on your favorite, how is this different from betting on an athlete? If all this happens without additional campaigning, then it is worth continuing and not looking for a political subtext in this.

Mahanton

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Quote from: Hewlet on November 14, 2024, 04:41:44 AM

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

Do you think gambling platforms should avoid political events?

why should gambling platforms avoid political events? Does it in any way interfair with the outcome of the election? I don't see anything that's wrong if people out of the knowledge they have on the potential outcome of an election decides to place a bet on the election. As a matter of fact, it could be a way of encouraging citizens in the gambling space to get involved in the election process.

People openly and confidently support a particular candidate of their choice during an election, do you go out to attack them because they are of the view that a said candidate deserves the presidency and went on to use thier hard earned money to place the bet in favour of that candidate? Anyone that's against such should do same by betting that his preferred candidate will win in the election.
The pool can serve as a good data source that gives the public an idea on what the outcome of the election might look like.

I would really be asking on the same thing, on which these political events arent something that being affected by these bets or even having these bets does have effects on the election. So it doesnt really have any sense on why they would really be that avoiding it all? As for Bookies POV then it will really be normal that they will really be that they will really be including these bets on which there would really be tons of people
will really be that making up their bets on which its really that understandable that they will really be that making money with that and this is something that they cant miss it.

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? Cheesy

acroman08

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

Do you think gambling platforms should avoid political events?

No, I don't see any valid reason why betting on political events should not be allowed. if the losing candidates use his power/connection to retaliate on gambling platforms because it showed that the majority of the support is against them, then it is better that they lost and they should never be allowed to hold any kind of power in the government.

Hewlet

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

Do you think gambling platforms should avoid political events?

why should gambling platforms avoid political events? Does it in any way interfair with the outcome of the election? I don't see anything that's wrong if people out of the knowledge they have on the potential outcome of an election decides to place a bet on the election. As a matter of fact, it could be a way of encouraging citizens in the gambling space to get involved in the election process.

People openly and confidently support a particular candidate of their choice during an election, do you go out to attack them because they are of the view that a said candidate deserves the presidency and went on to use thier hard earned money to place the bet in favour of that candidate? Anyone that's against such should do same by betting that his preferred candidate will win in the election.
The pool can serve as a good data source that gives the public an idea on what the outcome of the election might look like.

SmartGold01

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At first what we should consider is the operational license and if they are permitted to include political event in their sites and if their license permit them then there is no need to avoid political event, and or if it doesn't allowed the US based citizens to bet on the political event then there is no need. But judging from the victory of Trump and the action of current administration you would see that it's a retaliation of the victory and the lose of Kamala Harris which push for the raid of the home of Shayne Coplan, Chief Executive of 'Polymarket' gambling site. Although it is actually questionable for such acts that makes it looks so suspicious obviously.

swogerino

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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.

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

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.

Topic: Should gambling platforms avoid political events? - page 8. (Read 1361 times)