Post by @jon@social.vivaldi.net

@jon@social.vivaldi.net

2026-10-02 18:32 UTC

I am not a fan of gambling. Never have been. Personally I think most all gambling should be banned. Maybe with some limited exceptions. What I am more than disgusted by is the so called prediction markets. That looks like the worst kind of gambling and marketed as just stats. TV channels, such as CNN, include gambling results from these companies as something equal to polling. Hidden marketing is a more accurate term. There is also a lot of examples of people gambling on things they know the outcome of. Maybe not a big surprise with something like this. Where are the regulators? Why is this allowed? #PredictionMarkets #Scam #CNN #Politics

Replies (7)

@PhoenixSerenity@beige.party 2026-10-02 18:35

@jon@social.vivaldi.net The regulators are gambling.

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@mastodonmigration@mastodon.online 2026-10-02 18:40

@jon@social.vivaldi.net Unfortunately in a fascist state there are no regulators, only regulatory capture.

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@ohir@social.vivaldi.net 2026-10-02 19:28

@jon@social.vivaldi.net > Where are the regulators? The U.S. ones? AFAIR all blacked out by the DOJ in the files partially released. Welcome to the new brave world ruled by whomever wields the might of law:((

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@TrueNorthSpice@mastodon.world 2026-10-02 20:33

@jon@social.vivaldi.net Feeling exactly the same as you.

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@lennardvanotterloo@mastodon.social 2026-10-03 08:56

@jon@social.vivaldi.net It depends on where you are. In a lot of places this is not allowed. Many European Regulators, and the EU’s European Securities and Markets Authority (ESMA), do consider prediction markets gambling and companies are lobbying to get reclassified. I doubt it will work. https://www.engadget.com/2265021/polymarket-lobbying-eu-regulators-to-not-be-seen-as-gambling-website/ #PredictionMarkets

Open ##5434347
@mattmaison@mastodon.world 2026-10-03 12:06

@jon@social.vivaldi.net It's unbelievable to me that there's are people that think they can make money in these markets, when they're better against the people that know the outcome and are the decision makers that will decide it. Online sports gambling is also out of control. I know too many people whose lives have been ruined by gambling. We spent a generation trying to help convince people that gambling is bad. Then all of a sudden embraced it overnight. #MLB #NFL #NBA

Open ##5434350
@TehAppKiller@mastodon.social 2026-10-04 13:13

@jon@social.vivaldi.net Those are not "gamblings" since 1/ people (can) modify the outcome 2/ you can predict on people death. And then there's the combination of 1/ and 2/...

Open ##5434352