In no way is it better now that we have online gambling. The entire industry should be illegal and barred from participation in the traditional banking system.
Nowhere near solving cancer, but hey we got TikTok and Facebook and crypto and AI swarms and endless porn and gambling, and an increasingly radical, divided, depressed, and anxious humanity.
While I in no way support habitual gambling, the second you push for something like that, you will have a sizable group of "freedom activists" up in arms. More likely, I see it being more-heavily taxed to make it less appealing.
Same goes for drugs, tobacco, alcohol etc. oh look how that ended up. There's a reason why Prohibition has been repealed in every major country that tried it.
Strange response, do you believe that society has always had access to online gambling, in the same way that alcohol and drugs have been around forever?
I misread the title and thought it said he /founded/ Kalshi, which would have been a hell of a story. The actual title says "discovered", but I guess that doesn't quite fit for HN.
The loopholes discussed in the article 100% should be closed, making it easier for problem gamblers that want out to get out, but there will always be the convenience factor that will cause at least some damage. Ease of access also means ease of misuse unfortunately.
I hadn't heard this was a feature that you could self-exclude / ban yourself from the main apps. Interesting. I think the "he was banned" part is a bit misleading then.
> She went on: "If you ask our millions of traders, they would emphatically tell you that an exchange model is significantly healthier than a sportsbook model: our profits aren't tied to trader losses, so we don't have the same predatory incentives."
Really wish the author had pushed back more on this. They have different predatory incentives, benefitting from encouraging people to make a large number of slightly stupid bets rather than a smaller number of very stupid ones. I would love to hear Kalshi explain what non-predatory value the 15 minute crypto markets have.
They don't care whether the bets are stupid or informed. They don't make more money out of losers than they do out of winners, unlike traditional gambling platforms. (Though this in no way means that you have to like kalshi)
In no way is it better now that we have online gambling. The entire industry should be illegal and barred from participation in the traditional banking system.
Nowhere near solving cancer, but hey we got TikTok and Facebook and crypto and AI swarms and endless porn and gambling, and an increasingly radical, divided, depressed, and anxious humanity.
While I in no way support habitual gambling, the second you push for something like that, you will have a sizable group of "freedom activists" up in arms. More likely, I see it being more-heavily taxed to make it less appealing.
The problem about more-heavily taxed is that the gambling companies have spotted this and are registered in off shore tax havens.
Same goes for drugs, tobacco, alcohol etc. oh look how that ended up. There's a reason why Prohibition has been repealed in every major country that tried it.
Strange response, do you believe that society has always had access to online gambling, in the same way that alcohol and drugs have been around forever?
There aren't too many places where you can order beer from Amazon.
I misread the title and thought it said he /founded/ Kalshi, which would have been a hell of a story. The actual title says "discovered", but I guess that doesn't quite fit for HN.
Same.
Using https://news.ycombinator.com/bookmarklet.html i got "He was banned by betting sites. Then he relapsed on Kalshi."
Websites often rotate titles now to improve their performance.
The loopholes discussed in the article 100% should be closed, making it easier for problem gamblers that want out to get out, but there will always be the convenience factor that will cause at least some damage. Ease of access also means ease of misuse unfortunately.
I hadn't heard this was a feature that you could self-exclude / ban yourself from the main apps. Interesting. I think the "he was banned" part is a bit misleading then.
> She went on: "If you ask our millions of traders, they would emphatically tell you that an exchange model is significantly healthier than a sportsbook model: our profits aren't tied to trader losses, so we don't have the same predatory incentives."
Really wish the author had pushed back more on this. They have different predatory incentives, benefitting from encouraging people to make a large number of slightly stupid bets rather than a smaller number of very stupid ones. I would love to hear Kalshi explain what non-predatory value the 15 minute crypto markets have.
They don't care whether the bets are stupid or informed. They don't make more money out of losers than they do out of winners, unlike traditional gambling platforms. (Though this in no way means that you have to like kalshi)