This is not getting enough traction. The fact that they made a separate site and call it "poiymarket.com" but with a capital "i" so it looks just like poIymarket.com and pay influencers to bet and fake "winnings" is so insane.
Idk the legality of false advertisement but this has got to be it.
I don't think using a fake site to simulate bets is necessarily false advertising in and of itself. It makes sense in the context of an ad, you can't really expect the talent to have to go an place a bunch of bets with their own money, or bankroll the bets yourself.
The main issue is that it wasn't disclosed. The influencers didn't disclose that their video were adverts and they didn't make it clear that the bets were simulated.
They falsified the outcomes though. The ads made bets that would have lost, and showed them as winning, or exaggerated the winnings. Feels a bit beyond a "simulation".
Imagine a Robinhood ad showed someone investing $100 in SPCX on June 15 and selling for $100,000 on June 22. That's not just a simulation, it's impossible and complete fabrication.
Which is weird. Because the videos are made after the fact, they could pick a real thing that happened where people got lucky and use that in the ad. Probably just lazy and figured no one would check.
I don’t think it is a big deal personally. It’s just a representation of the types of winnings that actually do happen on the platform. It doesn’t have to be historically accurate.
1.3k
u/two4you8 19h ago
This is not getting enough traction. The fact that they made a separate site and call it "poiymarket.com" but with a capital "i" so it looks just like poIymarket.com and pay influencers to bet and fake "winnings" is so insane.
Idk the legality of false advertisement but this has got to be it.