We haven't seen the worst of what gambling and prediction markets will do

Re:We haven't seen the worst of what gambling and prediction... by heavyset_go on Thursday March 26, 2026 @04:11PM (#47535107)

If I made a platform like that, I'd be RICO'd after the FBI kicked down my door and confiscated everything I own.

If I had the connections Polymarket does, well, then we can just place bets on when people will die, everything will work out just fine and the President will invest in me.

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Re:We haven't seen the worst of what gambling and prediction... by mothballed on Thursday March 26, 2026 @04:35PM (#47535373)

If you don't mind not having US customers, it's easy enough to get an online gambling license in a few jurisdictions, maybe $20-50k all in (Nevis and Anjouan are a couple of the more notable ones), at which point you can serve a large portion of the world. This was basically the scenario polymarket was in for awhile until they started making inroads into US regulatory apparatus.

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Re:We haven't seen the worst of what gambling and prediction... by heavyset_go on Thursday March 26, 2026 @06:53PM (#47536879)

Wasn't there a crypto betting platform that was operating outside of the US, blocked US traffic and the US still went after them?

I don't remember any specifics, or if I'm remembering anything right at all, but I feel like I read something about that.

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