As Shakespeare might have said, "all the world's a casino, and all of us merely suckers." This is what end-stage capitalism looks like--people paying dearly to purchase nothing, on the chance that it might lead to something. It's becoming a system of false promises.
Thank you for the best sentence that explains the era we live in - the capitalocene - people paying dearly to purchase nothing, on the chance that it might lead to something.
The U.S. government is looking more and more like a black market. Maybe they are farming out the corruption to entities like Kalshi and Polymarket but they seem to be rubbing right up against each other.
Magats! These are your people stealing your money. How much longer y'all going to play the Fool?
Everybody is learning to harness the power of the internet, including the bad people. It can make people who prey on others more effective. It can help bullies find people to bully. It can help people who molest children find victims. It can help people who have inside information find suckers to bet with. We need a RICO like law to hold the online platform legally responsible for the online evil they facilitate for money.
The fact that the Queens real estate mob boss sundowning as president uses Pete Rose to explain ‘good’ illegal betting is just one more example of how he lives continually in the 1980s world of his own making. This is what it looks like when a sociopath - an amoral, pathologically lying, malignant narcissist with no impulse control- gets old.
Polymarket and Kalshi are either coping massively or trying to spin a fantastic tale of self-regulation. Van Dyke broke the law in cartoonishly inept ways, and that's how he got caught. This isn't the system working as intended, unless that means a system with virtually no safeguards in place.
As always, reporting on important issues of ongoing grift that seemingly no other outlet can investigate! Thank you for your "grift spotlight" . May it continue to shine brightly!
i'm not sure why it is difficult to track the winners on these bets...if i go to racetrack or casino and win over 600.00 doesn't the casino have to issue a 1099 and withhold taxes? i have to supply my social security number thus identifying myself. excuse my ignorance i'm not much of a gambler. if i win the lottery i have to pay taxes on that income....it's on the record. insider trading has been going on since the scale was invented and someone figured out a way to put their thumb on it. in order to win 400K you gotta have somebody willing to lose 400K....if cheating is allowed maybe you should avoid companies that allow it. just sayin.
It's good to see Popular Information again. I lost my internet for over a week. What I missed the most was reading my favorite posters like Judd, and their readers' comments.
The ability to make wagers on military operations raises a multitude of national security concerns. Kalshi's use of the indictment against Van Dyke to portray itself as the prediction market with real protections against insider trading is opportunistic, Through the Looking Glass, 1984, up is down kind of stuff. Trump's Pete Rose comparison and his comment that he'd, "...look into it" is more of the same.
I wonder, did anyone make money on a wager having to do with the assassination attempt? Prediction markets have the potential to provide assassins and coconspirators with financial incentives, and pave the road to a Wild West, Mad Max kind of world. Considerations like this, along with the Van Dyke incident, beg for immediate regulatory action.
Polymarket claimed this was a validation of the integrity of its platform. Neal Kumar, Polymarket’s Chief Legal Officer, posted on X that Van Dyke’s arrest “proved just how easy it is to find & charge criminal insider trading when markets are onchain.” Kumar said that others who tried to trade on insider information “will be found just like this guy.” … nah, they just found a patsy to fit their narrative… he’s a soldier he’ll understand…
interesting the latest shooter should have made a bet on whether another assassination attempt would occur....then he could fund his whole defense through his winning or taken care of his family.....could you imagine the uproar!!!.....a pre-gofundme account
Judd, your the only one that can break down a topic as crazy as this one. Thank You!
Feel bad for the Special OPs soldier but he knew it was wrong. He’ll pay dearly but those in this White House won’t that’s what so terribly wrong!
As Shakespeare might have said, "all the world's a casino, and all of us merely suckers." This is what end-stage capitalism looks like--people paying dearly to purchase nothing, on the chance that it might lead to something. It's becoming a system of false promises.
Thank you for the best sentence that explains the era we live in - the capitalocene - people paying dearly to purchase nothing, on the chance that it might lead to something.
The U.S. government is looking more and more like a black market. Maybe they are farming out the corruption to entities like Kalshi and Polymarket but they seem to be rubbing right up against each other.
Magats! These are your people stealing your money. How much longer y'all going to play the Fool?
Everybody is learning to harness the power of the internet, including the bad people. It can make people who prey on others more effective. It can help bullies find people to bully. It can help people who molest children find victims. It can help people who have inside information find suckers to bet with. We need a RICO like law to hold the online platform legally responsible for the online evil they facilitate for money.
The fact that the Queens real estate mob boss sundowning as president uses Pete Rose to explain ‘good’ illegal betting is just one more example of how he lives continually in the 1980s world of his own making. This is what it looks like when a sociopath - an amoral, pathologically lying, malignant narcissist with no impulse control- gets old.
Not a surprise Trump would defend Pete Rose.
Rose was a fellow dirtbag.
great ball player though
Polymarket and Kalshi are either coping massively or trying to spin a fantastic tale of self-regulation. Van Dyke broke the law in cartoonishly inept ways, and that's how he got caught. This isn't the system working as intended, unless that means a system with virtually no safeguards in place.
Has betting, especially long term, benefited the majority?
Just don’t bet. Easy solution & eventually bye bye Kalshi & Polymarket & maybe even Don Jr its ‘advisor’. What a joke.
As always, reporting on important issues of ongoing grift that seemingly no other outlet can investigate! Thank you for your "grift spotlight" . May it continue to shine brightly!
i'm not sure why it is difficult to track the winners on these bets...if i go to racetrack or casino and win over 600.00 doesn't the casino have to issue a 1099 and withhold taxes? i have to supply my social security number thus identifying myself. excuse my ignorance i'm not much of a gambler. if i win the lottery i have to pay taxes on that income....it's on the record. insider trading has been going on since the scale was invented and someone figured out a way to put their thumb on it. in order to win 400K you gotta have somebody willing to lose 400K....if cheating is allowed maybe you should avoid companies that allow it. just sayin.
So what we learned is that "special forces" aren't so special after all?
It's good to see Popular Information again. I lost my internet for over a week. What I missed the most was reading my favorite posters like Judd, and their readers' comments.
The ability to make wagers on military operations raises a multitude of national security concerns. Kalshi's use of the indictment against Van Dyke to portray itself as the prediction market with real protections against insider trading is opportunistic, Through the Looking Glass, 1984, up is down kind of stuff. Trump's Pete Rose comparison and his comment that he'd, "...look into it" is more of the same.
I wonder, did anyone make money on a wager having to do with the assassination attempt? Prediction markets have the potential to provide assassins and coconspirators with financial incentives, and pave the road to a Wild West, Mad Max kind of world. Considerations like this, along with the Van Dyke incident, beg for immediate regulatory action.
It's ok w/ Trump as long as you're with him & not against him.
Polymarket claimed this was a validation of the integrity of its platform. Neal Kumar, Polymarket’s Chief Legal Officer, posted on X that Van Dyke’s arrest “proved just how easy it is to find & charge criminal insider trading when markets are onchain.” Kumar said that others who tried to trade on insider information “will be found just like this guy.” … nah, they just found a patsy to fit their narrative… he’s a soldier he’ll understand…
interesting the latest shooter should have made a bet on whether another assassination attempt would occur....then he could fund his whole defense through his winning or taken care of his family.....could you imagine the uproar!!!.....a pre-gofundme account
So many loopholes.