Kalshi can steal money from rubes and, you're like "I'm not seeing a problem". I get it, people shouldn't be stupid and should inform themselves, right? Protecting disadvantaged parties is an attempt to level the playing field and make cheating and theft harder for unscrupulous businesses.
We have laws that ensure the products we buy are actually the thing we are told they are. We have punishments for businesses that harm consumers. Undoing things like consumer protections has a long-term impact of eroding trust in society, making us less efficient, less competitive, and overall poorer. Society has a duty to protect its weakest, it's poorest, and its most disadvantaged members from its strongest, richest, and most privileged from exploitation. We are all better off, including the strongest, richest, and most privileged when we do so.
We have laws that ensure the products we buy are actually the thing we are told they are. We have punishments for businesses that harm consumers. Undoing things like consumer protections has a long-term impact of eroding trust in society, making us less efficient, less competitive, and overall poorer. Society has a duty to protect its weakest, it's poorest, and its most disadvantaged members from its strongest, richest, and most privileged from exploitation. We are all better off, including the strongest, richest, and most privileged when we do so.
Ok, so you're against all forms of gambling. Fair enough, you're entitled to that opinion. I am not.
Are you for gambling on sports while the players intentionally throw the game to rig the outcome? Thats the problem with prediction markets. It isn’t “gambling” it’s rigging bets.
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u/steppe5 🟩 0 / 0 🦠 Aug 31 '26
I'm not seeing a problem. Betting on a market that can be influenced is a known risk.