The unprecedented era of gambling on literally everything everywhere is an absolute cancer on society, made completely legal by absolute greed and degeneracy at the highest levels of government. I don't know how we put this genie back in the bottle (amongst many detrimental genies).
The "best" part of this is all the trading algos that scrape the news act on it. They 1) can't vet sources all that well and 2) absolutely cannot discern lies (eg, anything coming out of the official admin channels) from facts. You can see this for example in the absurd discrepancy between paper and physical crude prices.
It's amazing how naked it is that laws just don't apply to certain people. Kalshi et al are obviously gambling, and yet somehow all the laws about gambling have been politely forgotten by law enforcement.
Same thing happened in the early days of Uber, with taxi licenses
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It may take awhile, but it ends by voting in political candidates that actually care about combatting greed and corruption again
Democracy doesn't exactly have a long history of stable states, and the US only been a liberal democracy for about 60 years. In that time we've done very little to hold politicians accountable. It's not clear there is a democratic fix outside of the theoretical realm. Nobody wants to kill the golden goose....
I try to run YouTube in librewolf with adblockers stacked to the tits but every so often I have to use Chrome. The volume of gambling ads is repugnant.
Ublock Origin Lite is quite capable.
It's really terrible. Gambling addiction is a serious issue that needs to be educated towards people first before any 'Kalshi' mention.
I suppose that's what those 'Gambling problem?'ads are for.
Well we don't need ads. We need responsible education against the effects of gambling addiction or we need to raise wages, which is it?
This has an outsized impact on young men.
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I mean, it's instilled into society at every level in the US. If your company offers an FSA, it's asking to make a gamble on how much medical needs you'll have in the next 1 year. The "smart" way to write the tax law would be to just let taxpayers deduct whatever medical expenses they have at tax reporting time. But instead, they want you to make a bet because you're highly likely to either (a) not use all of it and lose it, or (b) realize you haven't spent all of it and spend it on random shit you wouldn't have otherwise bought, handing over profits to some suppliers who are in on the whole game, or (c) underestimate your medical needs and the tax man gets to tax some more of your money.
Stuff like this is all over the place in American life.