"The universe's ineffable forces have clearly decided that the ubiquity of sports betting companies is insufficient. There must be new companies, with which you can bet on any outcome Kalshi competitor Polymarket has hosted markets tied to geopolitical outcomes, including scenarios related to Israel and Gaza, for instance that incentivize people to treat life's most important avenues as trivially as a sports game."
"Users effectively bet (or trade) against others on the platform about the outcome of events, from familiar wagers such as the result of a sporting event, to the obscure, such as the color of a politician's suit at an election appearance. Kalshi has enjoyed plenty of freedom under the second Donald Trump administration, and Donald Trump Jr is a strategic advisor for them and Polymarket."
Giannis Antetokounmpo joined Kalshi as a shareholder and will help with marketing and publicity while being forbidden from trading on NBA-related markets. Kalshi and competitor Polymarket operate as prediction platforms where users bet or trade against each other on event outcomes ranging from sports results to obscure personal details. Polymarket has hosted markets tied to geopolitical outcomes, including scenarios related to Israel and Gaza, prompting concerns that such platforms incentivize trivial treatment of serious issues. Kalshi benefited from regulatory freedom during the second Donald Trump administration, and Donald Trump Jr. serves as a strategic advisor to both companies. Fans and media have expressed displeasure and raised conflict-of-interest concerns.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]