A thread on politics- have some balls and post

[dlanod]

I must admit, I watched this interview and I still don't really understand how this polymarket is any different to a traditional betting exchange like Betfair.

Prediction markets act more like a stock market where you buy/sell stock in certain predictions with other people on the site. It's like Betfair, if the centralised bookie part of Betfair was played by millions of individuals around the world instead.

 

[notliondown]

How can people not be worried about a second Trump administration when he's put a Fox TV host in as the defense chief, a conspiracy theorist with a worm eaten brain in as the health chief, is sacking Generals who basically disagree with him...

Worse is the amount of power that he has given Musk when you dig into it.

There's a really interesting video of a guy comparing the new Department of Govt Efficiency to the Gestapo. Their roles are nearly word for word identical... and one of the core principles is basically rooting out people in the government who disagree with the President...

Sure efficiency is a great thing to chase but if it gives you over arching power to change and manipulate systems ad nauseam? Especially by a man who has received tens of billions of dollars from US agencies like NASA already??

Let's hope the stories about Musk already wearing out his welcome at Mara-a-Largo are true.

 

[Grasshopper17]

Prediction markets act more like a stock market where you buy/sell stock in certain predictions with other people on the site. It's like Betfair, if the centralised bookie part of Betfair was played by millions of individuals around the world instead.

But it is. Betfair is simply an exchange. I can take either side of a bet if I so choose. Just as I can buy or sell shares on the stock market. Betfair doesn't take any side of the bet. It just clips the ticket on the way through, just like a stockbroker.

 

[Nathan Barley]

How can people not be worried about a second Trump administration when he's put a Fox TV host in as the defense chief, a conspiracy theorist with a worm eaten brain in as the health chief, is sacking Generals who basically disagree with him...

Worse is the amount of power that he has given Musk when you dig into it.

There's a really interesting video of a guy comparing the new Department of Govt Efficiency to the Gestapo. Their roles are nearly word for word identical... and one of the core principles is basically rooting out people in the government who disagree with the President...

Sure efficiency is a great thing to chase but if it gives you over arching power to change and manipulate systems ad nauseam? Especially by a man who has received tens of billions of dollars from US agencies like NASA already??

Let's hope the stories about Musk already wearing out his welcome at Mara-a-Largo are true.

And a predator as attorney general

 

[dlanod]

But it is. Betfair is simply an exchange. I can take either side of a bet if I so choose. Just as I can buy or sell shares on the stock market. Betfair doesn't take any side of the bet. It just clips the ticket on the way through, just like a stockbroker.

Didn't realise that's what they did, the ads always make them sound like the normal bookies.