This is bad. Gambling brings out the worst in us. Like the human desire to dictate unrelated individual outcomes like the roll of a die as part of some mythological Law of Probabilities. How many times have I heard that from friends who gamble? Efficient Market Hypothesis as some bringer of truth by replacing discussion and subjectivity? Very bad. Betting on famine in Gaza? Very bad and disgusting.
This is really frightening, and another indicator that Big Brother is running the game. As a retired mental health counselor, I am also saddened by yet another invitation for gamblers to throw away money, to get hooked (and it's often young males who fall for this) and lose their shirts. Terrible idea all around.
Are we really betting on whether famine will be declared in Gaza, among other life-and-death matters? As someone who follows sports, I'm besieged as it is by ads for betting. If this isn't evidence of a gambling problem, I don't know what is.
Thanks for this really great analysis, Judd! Now, can you predict how long before cable and streaming providers require us to pay our bills using crypto?
This is more dumbing down of society. First, reduce support for education; then simplify news and events; result in pliable people who cannot think on their own; voters easily swayed. Dictatorship!
Regrettably, billionaires already control the “news” so in some way, this is only more of what we’ve been experiencing for the past 10 (+) years. Global warming? Fake news. Vaccines? Deadlier than the virus. I could go on but why bother?
So, if I’m understanding Kalshi correctly, I can place a bet (an enormous sum) on Fraud Criminal Trump dying from a massive heart attack before the end of his second term?
Kalshi honestly seemed kind of fun and innovative when it first launched a few years ago, but then quickly as an early try I realize the darkness that was probably hiding below the surface there. Now that seems like it’s becoming reality. 😩
This is bad. Gambling brings out the worst in us. Like the human desire to dictate unrelated individual outcomes like the roll of a die as part of some mythological Law of Probabilities. How many times have I heard that from friends who gamble? Efficient Market Hypothesis as some bringer of truth by replacing discussion and subjectivity? Very bad. Betting on famine in Gaza? Very bad and disgusting.
WTF Why? Money. Didn’t think supposedly respected (any left?) news organizations were openly grifting. Must be the example of our supposed president.
This is really frightening, and another indicator that Big Brother is running the game. As a retired mental health counselor, I am also saddened by yet another invitation for gamblers to throw away money, to get hooked (and it's often young males who fall for this) and lose their shirts. Terrible idea all around.
So long CNN & CNBC. I remember you when.
Are we really betting on whether famine will be declared in Gaza, among other life-and-death matters? As someone who follows sports, I'm besieged as it is by ads for betting. If this isn't evidence of a gambling problem, I don't know what is.
Thanks for this really great analysis, Judd! Now, can you predict how long before cable and streaming providers require us to pay our bills using crypto?
This is more dumbing down of society. First, reduce support for education; then simplify news and events; result in pliable people who cannot think on their own; voters easily swayed. Dictatorship!
That’s not “engaging” with information. Engaging would be taking actual action: calling a senator, aiding disaster victims and so on. Not gambling…
Regrettably, billionaires already control the “news” so in some way, this is only more of what we’ve been experiencing for the past 10 (+) years. Global warming? Fake news. Vaccines? Deadlier than the virus. I could go on but why bother?
If we want to see this stirred up, let’s be sure these outfits must provide tax winners data to all users an 1099 info to IRS.
So, if I’m understanding Kalshi correctly, I can place a bet (an enormous sum) on Fraud Criminal Trump dying from a massive heart attack before the end of his second term?
Kalshi has been spamming Reddit with tasteless advertising. Its presence, even in a cistern of shitposting, is offensive.
Hm...
This is ringing some bells.
It was 2003 when former Reagan advisor John Poindexter was caught proposing a stock market based on predicting wars, tragedies and terrorism events.
So people could make money on predicting them. And others by manipulating them....
Here's the Guardian coverage at that time:
https://www.theguardian.com/world/2003/aug/02/usa.julianborger
Poindexter was excoriated by congress and went down in flames.
Thanks for your coverage of this new (news) incarnation and the nauseating example using Gaza.
Maybe CNN will follow up?
I saw this movie called "Idiocracy" once but now I feel like I'm living it.
Kalshi honestly seemed kind of fun and innovative when it first launched a few years ago, but then quickly as an early try I realize the darkness that was probably hiding below the surface there. Now that seems like it’s becoming reality. 😩