So are they admitting that insider trading was allowed until this point?
rnilf on
> Robert DeNault, head of enforcement at Kalshi, tells Axios that the company will have a better shot at blocking illicit efforts with preemptive bans.
> „You’ll never stop all illicit activity everywhere. That’s just an impossible standard. But you shouldn’t make the perfect the enemy of the good either,“ DeNault says. „It’s actively working toward good solutions and leveraging the technological capabilities you do have in ways that make sense.“
Cool story, betting on election results and wars is still unethical.
We now have a bunch of degenerate gamblers hoping that real-world events with real-world consequences, far beyond just the results of a sports game, occur just to make a few bucks from a bet.
TheBoosThree on
Well, good thing Kalshi only lets people bet on sports and politics.
Flashy_Gap_3015 on
The whole online sports and world event betting market is a cancer, super corrupted and corruptible, drives zero actual value, and should be shut down IMO.
Impossible_Guitar235 on
Cool, so all their friends can still get rich off insider trading.
AbeFromanEast on
Prediction Markets (really, online gambling on inside information) is already corrupting sports, journalists and politicians. It is a societal choice to platform a gambling market that incentivizes widespread bribery.
demonfoo on
Because nobody will have an interest in bypassing those (likely weak) restrictions or anything…
CoastingUphill on
Uh huh. Sure. That will work.
Deaths_Rifleman on
lol sure they are.
sneaky-pizza on
What about kids of politicians
Nono6768 on
Can’t wait for them to go to jail
ACAB007 on
If they are going to have a moral compass, I say we all switch to them!
Manowaffle on
I hope people realize that no matter how many policies they put in place, gambling on these sites is a chump’s game. You will never get fair odds, someone will always know more and manipulate the result.
urbanek2525 on
Like, how would they even do this?
Some_Nibblonian on
No way to circumvent this….
yuusharo on
Yeah that doesn’t exactly fix anything. Activities will just be masked or laundered through other people.
Nothing about this website is good for anyone except rich assholes. It simply cannot be allowed to exist.
ShadowS812 on
Are you going to block…..their family members, coworkers, friends, next door neighbor….. you don’t think they don’t use mules too….. or worse bots?
funnyusername-123 on
Cool, now do the stock market.
GenoThyme on
But I’m sure Giannis having a small ownership stake is a-ok right?
tabrizzi on
How are you going to block their relatives and friends?
TacoDangerously on
Problem’s solved on your end (taps table)
lessregretsnextyear on
Giannis in shambles lol
ThePsychoDog on
“Proxy loophole it is”
Leather_Floor8725 on
What about their friends and family?
dakotanorth8 on
And they have Giannis as a spokesman🥴
GetsBetterAfterAFew on
Ok so their friends and children can still bet right? Got it.
DFWPunk on
These things just need to go away. The fact they allow contracts on events that have already happened, but with that outcome a secret (held by up to several hundred people), or events with predetermined outcomes, like WWE matches, shows just how little integrity there is in their business. There’s zero chance people won’t take advantage of that. Hell, the markets had 98% of money on three correct tribal counsel vote on Survivor two weeks in a row, and over 80% is on the same final winner. How do they pretend that doesn’t indicate someone is using inside information?
ottwebdev on
“NotTrump, thanks for signing up!”
Accomplished-Run221 on
Now do senators!
abcpdo on
Why would they do that? They’re not a gambling platform, they’re a source of democratic consensus base truth, remember? What better way than to get truth from the horses mouth?
cruisin_urchin87 on
“Are you an athlete?”
“No.”
*somehow they subverted our security systems!*
elseworthtoohey on
Well that solves it. And I guess they will prevent their friends and relatives as well.
AGrandNewAdventure on
Good, now do this for senators and representatives.
MicroSofty88 on
What about their staff and families?
Santarini on
Pffft…. yeah right
Nice__Spice on
Can kalshi just not exist. Making gamblers out of regular folk is rather shitty.
cire1184 on
But friends of politicians and athletes perfectly fine.
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37 Kommentare
So are they admitting that insider trading was allowed until this point?
> Robert DeNault, head of enforcement at Kalshi, tells Axios that the company will have a better shot at blocking illicit efforts with preemptive bans.
> „You’ll never stop all illicit activity everywhere. That’s just an impossible standard. But you shouldn’t make the perfect the enemy of the good either,“ DeNault says. „It’s actively working toward good solutions and leveraging the technological capabilities you do have in ways that make sense.“
Cool story, betting on election results and wars is still unethical.
We now have a bunch of degenerate gamblers hoping that real-world events with real-world consequences, far beyond just the results of a sports game, occur just to make a few bucks from a bet.
Well, good thing Kalshi only lets people bet on sports and politics.
The whole online sports and world event betting market is a cancer, super corrupted and corruptible, drives zero actual value, and should be shut down IMO.
Cool, so all their friends can still get rich off insider trading.
Prediction Markets (really, online gambling on inside information) is already corrupting sports, journalists and politicians. It is a societal choice to platform a gambling market that incentivizes widespread bribery.
Because nobody will have an interest in bypassing those (likely weak) restrictions or anything…
Uh huh. Sure. That will work.
lol sure they are.
What about kids of politicians
Can’t wait for them to go to jail
If they are going to have a moral compass, I say we all switch to them!
I hope people realize that no matter how many policies they put in place, gambling on these sites is a chump’s game. You will never get fair odds, someone will always know more and manipulate the result.
Like, how would they even do this?
No way to circumvent this….
Yeah that doesn’t exactly fix anything. Activities will just be masked or laundered through other people.
Nothing about this website is good for anyone except rich assholes. It simply cannot be allowed to exist.
Are you going to block…..their family members, coworkers, friends, next door neighbor….. you don’t think they don’t use mules too….. or worse bots?
Cool, now do the stock market.
But I’m sure Giannis having a small ownership stake is a-ok right?
How are you going to block their relatives and friends?
Problem’s solved on your end (taps table)
Giannis in shambles lol
“Proxy loophole it is”
What about their friends and family?
And they have Giannis as a spokesman🥴
Ok so their friends and children can still bet right? Got it.
These things just need to go away. The fact they allow contracts on events that have already happened, but with that outcome a secret (held by up to several hundred people), or events with predetermined outcomes, like WWE matches, shows just how little integrity there is in their business. There’s zero chance people won’t take advantage of that. Hell, the markets had 98% of money on three correct tribal counsel vote on Survivor two weeks in a row, and over 80% is on the same final winner. How do they pretend that doesn’t indicate someone is using inside information?
“NotTrump, thanks for signing up!”
Now do senators!
Why would they do that? They’re not a gambling platform, they’re a source of democratic consensus base truth, remember? What better way than to get truth from the horses mouth?
“Are you an athlete?”
“No.”
*somehow they subverted our security systems!*
Well that solves it. And I guess they will prevent their friends and relatives as well.
Good, now do this for senators and representatives.
What about their staff and families?
Pffft…. yeah right
Can kalshi just not exist. Making gamblers out of regular folk is rather shitty.
But friends of politicians and athletes perfectly fine.