This has an outsized impact on young men.

I try to run YouTube in librewolf with adblockers stacked to the tits but every so often I have to use Chrome. The volume of gambling ads is repugnant.

It may take awhile, but it ends by voting in political candidates that actually care about combatting greed and corruption again

I mean, it's instilled into society at every level in the US. If your company offers an FSA, it's asking to make a gamble on how much medical needs you'll have in the next 1 year. The "smart" way to write the tax law would be to just let taxpayers deduct whatever medical expenses they have at tax reporting time. But instead, they want you to make a bet because you're highly likely to either (a) not use all of it and lose it, or (b) realize you haven't spent all of it and spend it on random shit you wouldn't have otherwise bought, handing over profits to some suppliers who are in on the whole game, or (c) underestimate your medical needs and the tax man gets to tax some more of your money.

Stuff like this is all over the place in American life.

It's really terrible. Gambling addiction is a serious issue that needs to be educated towards people first before any 'Kalshi' mention.

I suppose that's what those 'Gambling problem?'ads are for.

Well we don't need ads. We need responsible education against the effects of gambling addiction or we need to raise wages, which is it?

Even something that should be as fun as collecting and trading cards (baseball, pokemon, etc.) revolves around "pull odds" for rare cards. There are people spending thousands of dollars monthly just to rip a desirable card they could flip for money that in most cases would never make up for how much they spent just buying packs and boxes of the product.

Society needs to rediscover the idea that not all moral judgements are religious in nature, and in many cases are just basic pragmatic ones.

The bans on gambling were often framed in Christian terms, so as society became more secular, they were undone. Now they probably need to be re-added with practical reasoning.

> > The unprecedented era of gambling on literally everything everywhere is an absolute cancer on society, made completely legal by absolute greed and degeneracy at the highest levels of government. I don't know how we put this genie back in the bottle (amongst many detrimental genies).

It is just showing you in the clear what propaganda managed to hide from you with regards to the stock market and the bond market , and all the other markets for that matter.

Insiders do trade and it's impossible to stop them or catch them, and the further you are from the information (both geographically and socially) the harder it is to be first in line and more probably you are next to last in line and you gotta pray that you find some bigger fool to sell your bags to.

If anything there are some things on the prediction markets that really give the advantage to the small guy, for example some farmer whose family has been living there for many years could have a big advantage on weather forecasters and those who bet on them. Say they see the wind pick up or a particular cloud formation that gives an expert eye the idea that rain is gonna come whereas forecasters won't see it coming

What I find almost just as depressing is evidently the concerted push to normalize this practice.

We were all shocked by Polymarket, but meanwhile others just saw it as yet another emerging market - and now CNN is including it in news segments as if it were the most ordinary thing in the world.

Same thing happened in the early days of Uber, with taxi licenses

Some states are trying to fight against Kalshi. One of the problems is the President's family has a financial interest in these markets and so the Republican party does their best to say "hey, these are clearly "swaps" and not bets!!!1!"

https://www.yogonet.com/international/news/2026/06/29/125136...

> discrepancy between paper and physical crude prices

If you see mispricing, trade the hell out of it and pocket the cash before some hedge fund does. The system is rigged against us normal folk and given any opportunity to take money legally from the system, I absolutely would.

(Now sometimes, there are good reasons for paper and physical to differ, most particularly if the paper is structured in a high-risk way, and you need to be aware of that.)

>You can see this for example in the absurd discrepancy between paper and physical crude prices.

This was a temporary discrepancy that has gone away now that physical prices have fallen.

This means the future traders were right; the $150+ prices for a physical barrel of oil were a short-term situation that would resolve in a few months. It was correct for futures to be priced substantially lower.

What's absurd is internet commentators thinking the market is broken because they see something they don't immediately understand.