SCOTUS Overturns Federal Ban on Sports Gambling

[JPhillips]

No, you trade shares based on which team you think will win.

Totally different, you see?

[RainMaker]

Oh yeah. They also don't offer parlays but "combos" which are eerily similar.

[Lathum]

Originally Posted by RainMaker

I guess I'm still confused how Kalshi and Polymarket aren't considered gambling. You literally bet on which team wins a game.

Because the presidents son is on the boards of both.

[Lathum]

Originally Posted by flere-imsaho

I think the crux of the problem here is that there appears to be absolutely no regulatory check on outright predatory practices. In an ideal world there'd be a regulator with knowledge of the gambling industry who could take a look at offerings and say "uh, no, you aren't going to do that".

I read a lot of stuff about it and the thing it is most often compared to is the practices of big tobacco marketing to kids back in the day

[JPhillips]

WSJ looked into Polymarket and found 67% of the profits are going to .1% of account holders.

If you aren't scamming, you're being scammed.

[albionmoonlight]

I was as wrong about the social costs of the increased availability of wagering as I've been about almost anything in my life.

[flere-imsaho]

Originally Posted by JPhillips

WSJ looked into Polymarket and found 67% of the profits are going to .1% of account holders.

I wonder how this compares to the regular economy.

[Lathum]

Originally Posted by albionmoonlight

I was as wrong about the social costs of the increased availability of wagering as I've been about almost anything in my life.

We’re just seeing the tip of the iceberg. Virtually every college aged male bets on sports. The long term impacts are going to be catastrophic.

[Lathum]

Putting this here because it is one of the ugly side effects of legalized sports betting. I hope they find this person and bury them under the prison.

Dodgers pitcher Tanner Scott's family targeted with death threats after loss.

Details: https://t.co/Vqw50hfVrN pic.twitter.com/6gJDjKPacG

— TMZ (@TMZ) June 1, 2026