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Re:Americans increasingly see legal sports betting as a bad ... by rurp on Sunday October 05, 2025 @01:21PM (#45483399)
Not only do winning players get quickly banned like sibling said, the house take on the major platforms is vastly higher than with traditional sports betting.
Re:Americans increasingly see legal sports betting as a bad ... by at-w on Sunday October 05, 2025 @07:52PM (#45486308)
>the house take on the major platforms is vastly higher than with traditional sports betting

What kind of markets is this referring to?

Polymarket still charges 0 fees. While Kalshi's fees+spread can approach or even exceed traditional sportsbooks on some markets, neither of them have any interest in banning winning players, as they don't take a side on any bet and directly benefit from more betting activity. Kalshi also pays interest on bets, which can add up on longer term positions.

Betfair has operated with a similar model for decades in the UK and elsewhere.

Re:Americans increasingly see legal sports betting as a bad ... by rurp on Monday October 06, 2025 @10:41AM (#45491948)
I was referring to platforms like DraftKings, which are extremely sleazy. I think Polymarket and similar low/no fee markets on the other hand are awesome.