FINALLY. How the fuck have they remained legal for this long‽
ChocoboAndroid on
This needs to happen. It’s a tool for blatant corruption at this point.
Colonel-Mooseknuckle on
It’s a good idea, therefore our great leaders will vote against it.
AdPlayful8158 on
It’s kind of interesting-why couldn’t they address this earlier? It seems pretty obvious this should’ve been done a long time ago
Closet-PowPow on
And oil of course. Right? Right???
Travelerdude on
Won’t pass. Senate loves a good deal.
Sad_Locksmith_2904 on
Good. It’s fucking absurd that Donald Trump Jr. can sit on the board of Polymarket and make millions off insider knowledge as his child rapist father murders people in the Middle East.
Surturiel on
Why not abolish the whole thing?
Gambling is a cancer to society, doesn’t create any value, and preys on people’s addictive behaviour.
Only-Friend-8483 on
Interesting that they choose to regulate that instead of passing a law preventing insiders from trading altogether.
halfsweethalfstreet on
There is no way our lawmakers will outlaw one of their own revenue streams.
Potential-Fan-6148 on
We should ban all forms online gambling period.
It’s too easy to get addicted to and lose all your savings over.
At least with casinos we can add monitoring and controls.
mogas1969 on
No serious country would allow online betting markets in any capacity. The US is currently treated as giant casino/economic zone and not a country of people.
Beksense on
Excuse my ignorance but isn’t the Stock Market basically one big prediction market at this point?
Protolictor on
So….still no ban on using high positions of government to blatantly manipulate markets.
Jaded_Hyena_3522 on
They’re going to shut it down right after everybody at the top of the pyramid is done making money off it
SuperJay on
There’s a reason gambling used to be legal every where and then was outlawed almost everywhere. Why do we have to relearn lessons ourselves?
NChSh on
They’re probably only putting it on the docket just to have another bill on the prediction market to bet on
Cobra-Lalalalalalala on
I wouldn’t bet on it passing.
2dazeTaco on
They’ll vote to ban this, but won’t vote to ban congressional stock trading. They don’t want the poors to have the same ability to make money as they do.
*Rules for thee, not for me.*
snoopingforpooping on
You can’t have a prediction market where a small circle of influential people know or control the outcome.
insertUserNamehereno on
Gambling is the only addictive AND life ruining thing I see people fight tooth and nail to defend its legality. When people are willing to heavily tax any drink with high fructose syrup cause they think it will deter a bad habit but then have no issue with betMGM commercials running four times every ad break you have to wonder what’s going on with people’s priorities.
AINonsense on
No chance of that passing, then.
recentgrooves on
no more gambling on how many civilian deaths in Iran!?! PRUDES!
HowardBunnyColvin on
Kalshi, Polymarket et al have gone out of control. We need regulating up in here like Nate Dogg
boney_king_o_nowhere on
Why lump sports in with politics and military? Typical midwit politician move.
DylanFTW on
Sports betting will be banned?
theanointedduck on
How do you define politics done nowadays everything is “political”. I see longing for loopholes coming
YoureProbablyAB0t on
This one hundred percent needs to happen.
Losing all of your money because of dopamine producing flashing lights sound like every young person will be broke in ten years.
We need to find a way to incentivize productive behavior.
sebo_im_keller on
Can I bet on morts, spolitics or pilitary?
Nukesnipe on
The only people trying to argue that this shit isn’t gambling are the people making money off it. These have already been ruled as gambling in a bunch of countries.
Disastrous-Special30 on
It’s gambling. Stop calling it “prediction markets”. It’s illegal gambling.
brokenmessiah on
There’s no way this get passed
generic_007 on
Need to go after the users and not the markets. All this will do is drive people to VPN’s and offshore ways of going about things. Won’t stop the corruption itself.
_Asshole_Fuck_ on
Genuine question- why sports? I get the other two but I’m ignorant about why sports betting would be lumped into this.
37 Comments
FINALLY. How the fuck have they remained legal for this long‽
This needs to happen. It’s a tool for blatant corruption at this point.
It’s a good idea, therefore our great leaders will vote against it.
It’s kind of interesting-why couldn’t they address this earlier? It seems pretty obvious this should’ve been done a long time ago
And oil of course. Right? Right???
Won’t pass. Senate loves a good deal.
Good. It’s fucking absurd that Donald Trump Jr. can sit on the board of Polymarket and make millions off insider knowledge as his child rapist father murders people in the Middle East.
Why not abolish the whole thing?
Gambling is a cancer to society, doesn’t create any value, and preys on people’s addictive behaviour.
Interesting that they choose to regulate that instead of passing a law preventing insiders from trading altogether.
There is no way our lawmakers will outlaw one of their own revenue streams.
We should ban all forms online gambling period.
It’s too easy to get addicted to and lose all your savings over.
At least with casinos we can add monitoring and controls.
No serious country would allow online betting markets in any capacity. The US is currently treated as giant casino/economic zone and not a country of people.
Excuse my ignorance but isn’t the Stock Market basically one big prediction market at this point?
So….still no ban on using high positions of government to blatantly manipulate markets.
They’re going to shut it down right after everybody at the top of the pyramid is done making money off it
There’s a reason gambling used to be legal every where and then was outlawed almost everywhere. Why do we have to relearn lessons ourselves?
They’re probably only putting it on the docket just to have another bill on the prediction market to bet on
I wouldn’t bet on it passing.
They’ll vote to ban this, but won’t vote to ban congressional stock trading. They don’t want the poors to have the same ability to make money as they do.
*Rules for thee, not for me.*
You can’t have a prediction market where a small circle of influential people know or control the outcome.
Gambling is the only addictive AND life ruining thing I see people fight tooth and nail to defend its legality. When people are willing to heavily tax any drink with high fructose syrup cause they think it will deter a bad habit but then have no issue with betMGM commercials running four times every ad break you have to wonder what’s going on with people’s priorities.
No chance of that passing, then.
no more gambling on how many civilian deaths in Iran!?! PRUDES!
Kalshi, Polymarket et al have gone out of control. We need regulating up in here like Nate Dogg
Why lump sports in with politics and military? Typical midwit politician move.
Sports betting will be banned?
How do you define politics done nowadays everything is “political”. I see longing for loopholes coming
This one hundred percent needs to happen.
Losing all of your money because of dopamine producing flashing lights sound like every young person will be broke in ten years.
We need to find a way to incentivize productive behavior.
Can I bet on morts, spolitics or pilitary?
The only people trying to argue that this shit isn’t gambling are the people making money off it. These have already been ruled as gambling in a bunch of countries.
It’s gambling. Stop calling it “prediction markets”. It’s illegal gambling.
There’s no way this get passed
Need to go after the users and not the markets. All this will do is drive people to VPN’s and offshore ways of going about things. Won’t stop the corruption itself.
Genuine question- why sports? I get the other two but I’m ignorant about why sports betting would be lumped into this.
prediction market = casino
Now ban insider trading for politicians.
Just ban then entirely.