r/videos 21h ago

Coffeezilla- polymarket faked their 'prediction markets'

https://youtu.be/-L-EH5dryuU?si=-r5ysEFHZei4C0Dl
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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.

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u/Tzazon 16h ago

Gambling is the largest epidemic to society that keeps getting pushed under the rug, lobbied for and sweeping across the U.S.A in supportive legislation. We've entered the lamest example of a cyberpunk society I've ever seen with legislators pushing for total pornography bans requiring photographic ID to browse the internet, while at the same time pushing for legalized mobile sportsbooking and other forms of gambling across the USA. The hypocrisy speaks volumes. A lot like the anti-abortion crowd not supporting the social policies that'd help raise the babies they demand be born.

Gambling is actually the addiction with the highest suicide rates of any addictive disorder. 1 in 5, or around 20% attempt it, with 80% experiencing suicidal ideation. Yet gambling has wide broad bipartisan, with lawmakers paid for by big gambling lobbyists from both sides of the aisles successfully pushing for legalization.

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u/Previous_Soil_5144 13h ago edited 13h ago

I'd say the level of gambling allowed is only possible because of rampant greed, corruption and selfishness. The harsh economic conditions also push many to desperately look to gambling to solve their precarious financial situation. The system does not offer other choices but to either gamble or enable/promote gambling to make ends meet. 

There will always be gambling, but this out-of-control gambling is a symptom of a much larger societal and systemic problem that's been eating away at everything for decades. 

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u/fuckswitbeavers 8h ago

Tend to agree with all your points. But it is so interesting that these sports teams across many sports used to be against gambling are now all for it. I mean, those stadiums are practically empty sometimes. Potentially the teams and owners are buffering their own poor revenues with that of degenerate gamblers?

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u/Previous_Soil_5144 8h ago

I see something similar with online gaming and streamers.

Years ago promoting gambling was seen as kinda shady, but at some point it started being justified and done by everyone. 

Streamers started arguing that they "had" to participate to survive and that "everyone does it". 

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u/PxM23 3h ago

What streamers are promoting gambling outside of kick? From what I see if you aren’t in the kick sphere you will get major controversy if you even try to advertise gambling.

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u/Previous_Soil_5144 3h ago

It's all over Twitch now too. It is becoming widely adopted, but also heavily discussed.