Is there any regulatory agency actually performing a legit purpose, and not just captured cronies? I don't need or want these experts trying to protect me by depriving me of personal agency in every damn area of life.
Good riddance. PredictIt has been unethical since its 2018 Senate market debacle. Kalshi may have fewer political markets but that's because 90% of PredictIt's "political markets" were asking how many tweets were going to be made by ecelebs like AoC and Trump.
for real, the list of angry moron tweets goes on and on and then the actual evidence is one paragraph from a letter that might have gotten the CFTC to take a closer look at PI
Thanks, great advice. I am sure no one actually peruses an author's work before subscribing.
Instead of being a passive aggressive twat, it might be more effective to just come out and state your issues with supporting rationale rather than just drop snarky and cryptic insinuations.
Unless of course you don't really have an issue of substance and just dislike something that clashes with your idealogical views and want to cast aspersions to dissuade others from reading something you don't like.
pure libertarian-brain. "yeah they were openly and flagrantly violating the terms of the letter, but it's their competitor's fault for 'snitching' on what they were doing in public!" *proceeds to shill for an even sketchier market with some of the most unhinged contracts i've ever seen* "now prove you're not a rube who needs regulation by letting me inspect your wallet."
In the last 2 years, PredictIt has appeared more a place where Democrats piss away money jacking up worthless contracts (Beto in Texas! Charlie Crust in FL!) than an actual betting market where the people are there to win, rather than to push a political agenda.
On the plus side, this has meant $$$ for me.
On the minus, it's really destroyed its academic purpose
I wonder if there might just be a 4th option, that .gov is cracking down on any prediction markets ahead of the '22 primaries due to the... predictions that are not cleaving to the narrative, let's say. A lot of money goes into polls saying your team's politician is going to win by a landslide after all, and if political parties can't pay to get prediction markets to say what they want then perhaps they decided to just do away with them.
Still captured regulators, just by someone else. Still, if Kalshi can't bring themselves to say "It wasn't me, and I am sorry to see them go" I wouldn't bet against them having red hands here.
Is there any regulatory agency actually performing a legit purpose, and not just captured cronies? I don't need or want these experts trying to protect me by depriving me of personal agency in every damn area of life.
Good riddance. PredictIt has been unethical since its 2018 Senate market debacle. Kalshi may have fewer political markets but that's because 90% of PredictIt's "political markets" were asking how many tweets were going to be made by ecelebs like AoC and Trump.
My view is any analysis based pretty much 100% on Twitter inputs is extremely suspect.
for real, the list of angry moron tweets goes on and on and then the actual evidence is one paragraph from a letter that might have gotten the CFTC to take a closer look at PI
I encourage readers to check the other posts on Karlstack before they subscribe to this "independent investigative journalism."
"exposing reactionaries who delete reasonable opposition"
You made an acct one hr ago for the purpose of bashing Karlstack?! Lol. Is this someone at Kalshi, it's investors or the CFTC?
Thanks, great advice. I am sure no one actually peruses an author's work before subscribing.
Instead of being a passive aggressive twat, it might be more effective to just come out and state your issues with supporting rationale rather than just drop snarky and cryptic insinuations.
Unless of course you don't really have an issue of substance and just dislike something that clashes with your idealogical views and want to cast aspersions to dissuade others from reading something you don't like.
pure libertarian-brain. "yeah they were openly and flagrantly violating the terms of the letter, but it's their competitor's fault for 'snitching' on what they were doing in public!" *proceeds to shill for an even sketchier market with some of the most unhinged contracts i've ever seen* "now prove you're not a rube who needs regulation by letting me inspect your wallet."
In the last 2 years, PredictIt has appeared more a place where Democrats piss away money jacking up worthless contracts (Beto in Texas! Charlie Crust in FL!) than an actual betting market where the people are there to win, rather than to push a political agenda.
On the plus side, this has meant $$$ for me.
On the minus, it's really destroyed its academic purpose
I wonder if there might just be a 4th option, that .gov is cracking down on any prediction markets ahead of the '22 primaries due to the... predictions that are not cleaving to the narrative, let's say. A lot of money goes into polls saying your team's politician is going to win by a landslide after all, and if political parties can't pay to get prediction markets to say what they want then perhaps they decided to just do away with them.
Still captured regulators, just by someone else. Still, if Kalshi can't bring themselves to say "It wasn't me, and I am sorry to see them go" I wouldn't bet against them having red hands here.