**Submission Statement:** Gambling and prediction market betting has exploded in popularity in America. In the past 9 years, the value of sports betting alone has gone from $5 billion to $160 billion. But in a world where everything is quantified and gambled upon, what remains “true”?
Prediction markets have always stood on the edge of *predicting* events and *influencing* them. And nowadays, it’s hard to argue that those are different things at all. In a world where everything can be gambled on, everything can be looked at with a degree of suspicion. “The House Always Wins” after all. But when gambling meets… everything, it opens up a whole new level of potential ethical issues.
BARDLER on
A society where you can gamble on anything and push out misinformation with AI at an alarming rate. What could go wrong?
Today there is a story about the game Marathon where people with bets about it failing are pushing out fake stories about the developers. Its easy to see how this could extend well beyond gaming.
Goldmule1 on
I far more enjoyed the concept of casinos in America when it was a touristy experience that you only found in Vegas or in New Jersey’s 34th best beach, not it being within 15 minutes of every person with a compulsive personality, or, even worse, on their phone.
Connect_Visit5516 on
Kalshi should have been shut down the moment we found out people can bet whether Gaza mass population “relocation” can happen, i think we call it ethnic cleansing.
I am still shocked that it is allowed to even run after that
4 Comments
**Submission Statement:** Gambling and prediction market betting has exploded in popularity in America. In the past 9 years, the value of sports betting alone has gone from $5 billion to $160 billion. But in a world where everything is quantified and gambled upon, what remains “true”?
Prediction markets have always stood on the edge of *predicting* events and *influencing* them. And nowadays, it’s hard to argue that those are different things at all. In a world where everything can be gambled on, everything can be looked at with a degree of suspicion. “The House Always Wins” after all. But when gambling meets… everything, it opens up a whole new level of potential ethical issues.
A society where you can gamble on anything and push out misinformation with AI at an alarming rate. What could go wrong?
Today there is a story about the game Marathon where people with bets about it failing are pushing out fake stories about the developers. Its easy to see how this could extend well beyond gaming.
I far more enjoyed the concept of casinos in America when it was a touristy experience that you only found in Vegas or in New Jersey’s 34th best beach, not it being within 15 minutes of every person with a compulsive personality, or, even worse, on their phone.
Kalshi should have been shut down the moment we found out people can bet whether Gaza mass population “relocation” can happen, i think we call it ethnic cleansing.
I am still shocked that it is allowed to even run after that