Well of course. Why would predicting the next presidential move be any different from predicting the next to score a goal.
MedicMoth on
Context:
– Gambling in New Zealand is more strictly regulated than it is in the USA. Only authorised operators are permitted to run gambling operations in New Zealand.
– A large portion of the gambling industry in NZ state-owned or non-profit enterprises, and all gambling in NZ must return a portion of profits to the community.
– Online casinos based in New Zealand are currently illegal (although online gambling based overseas can’t practically be stopped), and a bill will soon go through to set out a licensing regime to allow online gambling for authorised operators.
– These websites are not geoblocked and are still technically accessible until they decide to enact their own geoblocks in order to comply with NZ law, but New Zealand citizens are encouraged not to use unlicensed sites in the meantime.
I expect the rest of the world to be following shortly. No clue how this wouldn’t be considered a form of gambling.
clamorous_owle on
If you can make or lose money by placing bets, it’s gambling. That’s a no-brainer.
MethyleneBlueEnjoyer on
Gambling literally is just predicting the outcome of an event, be it a hand of poker, spin of the roulette wheel or roll of the dice. Geopolitical events are just different in scale, not nature.
mekoder on
If New Zealand calls prediction markets gambling, does that mean the same should happen in the US and Europe? Are we basically all just trading bets under a different name?
Spikemountain on
I personally would definitely not consider the stock market to be gambling, but ultimately it _is_ a prediction market… You are attempting to predict which companies will grow and which will shrink, or which direction certain global trends are headed. So I’m curious how they define a prediction market such that it excludes stock market
KrawhithamNZ on
I’ve never made predictions and I never will.
Deathdar1577 on
All a bunch of rabid degenerate dingo howling gamblers.
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Well of course. Why would predicting the next presidential move be any different from predicting the next to score a goal.
Context:
– Gambling in New Zealand is more strictly regulated than it is in the USA. Only authorised operators are permitted to run gambling operations in New Zealand.
– A large portion of the gambling industry in NZ state-owned or non-profit enterprises, and all gambling in NZ must return a portion of profits to the community.
– Online casinos based in New Zealand are currently illegal (although online gambling based overseas can’t practically be stopped), and a bill will soon go through to set out a licensing regime to allow online gambling for authorised operators.
– These websites are not geoblocked and are still technically accessible until they decide to enact their own geoblocks in order to comply with NZ law, but New Zealand citizens are encouraged not to use unlicensed sites in the meantime.
New Zealand newsmedia source: [Here](https://newsroom.co.nz/2026/02/16/polymarket-and-kalshi-are-illegal-regulator-says/#:~:text=%E2%80%9CWe%20consider%20platforms%20such%20as,to%20people%20in%20this%20country.%E2%80%9D)
I expect the rest of the world to be following shortly. No clue how this wouldn’t be considered a form of gambling.
If you can make or lose money by placing bets, it’s gambling. That’s a no-brainer.
Gambling literally is just predicting the outcome of an event, be it a hand of poker, spin of the roulette wheel or roll of the dice. Geopolitical events are just different in scale, not nature.
If New Zealand calls prediction markets gambling, does that mean the same should happen in the US and Europe? Are we basically all just trading bets under a different name?
I personally would definitely not consider the stock market to be gambling, but ultimately it _is_ a prediction market… You are attempting to predict which companies will grow and which will shrink, or which direction certain global trends are headed. So I’m curious how they define a prediction market such that it excludes stock market
I’ve never made predictions and I never will.
All a bunch of rabid degenerate dingo howling gamblers.