alt Hacker NewsWhy are we wasting government money cracking down on Polymarket betting? The most offensive thing in this article is the government pretending Polymarket bets are securities. Prediction markets provide no benefit to society and don't need to exist.
Replies
Mr-Frog • today at 1:25 PM
> government pretending Polymarket bets are securities
Crypto prediction markets have an interest in being regulated like traditional exchanges since it opens up access to Wall Street market makers for increased liquidity.
il-b • today at 8:02 AM
> (…) provide no benefit to society and don't need to exist.
The sounds extremely fascist.
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> pretending Polymarket bets are securities
No, they are pretending they are _commodities_. Pretending things are securities is disfavoured by the current administration.