Everyone understand all this sports gambling is bad
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Date: April 21st, 2026 1:21 PM Author: Aquamarine sound barrier corner
Yeah it's bad news
What I do wonder about is if the prediction market stuff might be marginally better for all bettors instead of the sportsbook cabal.
I am not a gambler but my understanding is that with traditional sportsbooks, people who are *really* plugged in to sports gambling can eke out an edge. But the problem is that once they identify you as a winner, they cap your action and you can't really make serious money.
With the prediction markets, my understanding is that the only real cap that exists is the amount of action on the contract? The free market guy in me feels like efficiency can only be a good thing
(http://www.autoadmit.com/thread.php?thread_id=5859033&forum_id=2#49832086) |
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Date: April 21st, 2026 5:07 PM Author: Ruby fluffy area
Allowing people to bet on anything just blows up the possibilities for insider trading and market manipulation.
Not to mention, it gives rich people EVEN MORE power to control elections (not that they needed it). They can just pump money into certain candidates to make them seem more popular than they are.
It's bad news on many levels.
(http://www.autoadmit.com/thread.php?thread_id=5859033&forum_id=2#49832586) |
Date: April 21st, 2026 5:04 PM Author: Low-t abode
It's an interesting example of the tension between (a) wanting as much liberty and freedom of possible, with limited government regulation and (b) the fact that when left to their own devices, people will do things that are net harmful to themselves and society--in this case, at the individual gambler level and the level of the billion dollar sportsbook taking advantage of said degenerate gambler.
The older I get, the more I'm in favor of more regulation of this sort of stuff. Sure, there is an argument that responsible adults should be able to place modest bets. But, it's just not worth it. Never mind that it's also ruining sports.
(http://www.autoadmit.com/thread.php?thread_id=5859033&forum_id=2#49832576) |
Date: April 21st, 2026 5:06 PM Author: curious telephone native
There's no mechanism to stop it
The truth is that this "country" is specifically set up to enable, encourage, and facilitate this sort of thing
In order to stop things like sports gambling you'd have to destroy the United States as it currently exists
(http://www.autoadmit.com/thread.php?thread_id=5859033&forum_id=2#49832584) |
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