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PaperclipPerfector  6d ago (text post)   22536 thread views

Culture War Roundup for the week of March 30, 2026

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They may as well just put a huge disclaimer on their site "we reserve the right to void any market for any reason we deem fit"

This is literally every sports betting company. They can ban you if you win too much.

I actually think its such bullshit. If you want to provide bets and be a market maker, you should have to take the wins as well as the losses. Someone is beating your odds? Get better at providing odds or close up shop.

You're betting against other people though. The marketplace/exchange doesn't care how much you win.

Not polymarket sports betting

Draft kings sports betting

Having worked at betting exchanges before you kinda don't want people who win too heavily for ecosystem maintenance. Generally that's gonna impact result knowers most of all, whether inside information or latency

Someone is beating your odds? Get better at providing odds or close up shop.

Minimum requirement all gambling companies should be required to adhere to.

It's funny since they could but they'd have to dramatically pare back the menu. So majority of people who complain about limits are picking off relatively niche markets which are only offered due to being able to limit counterparties

The problem is that if they're limiting counterparties to losers, then it's inherently fraudulent - they're selling a service specifically, and only, to those for whom it's of negative utility, and thus are reliant on explicit or implicit deception to actually get business.

So yes, it is better that those betting options not exist than be run in that manner, much like how shell games are bad and shouldn't be allowed.

Ok, make them pare back the menu, they won't be making as much money then with their reduced offering which naturally gives them an incentive to get better at pricing their odds so they can access more markets. Accurate gambling odds provide benefits to third parties who can now use them to see what the probability of some future event is. It's the minimum societal good which we should expect from these companies in return fr the societal harm thry cause.

I agree the menu is bloated way beyond sanity by the arms race between the majors (though most of the liquidity still goes to the liquid markets funnily enough). Accurate gambling odds vis a vis the PM thing is a completely different thing since the big PMs are barely moving any money on their original political markets.

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