Yes, that is a gambling operation.
Technology
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
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It's not gambling, we're just placing bets on statistical outcomes from which the winners are awarded money.
Babe, I didn't cheat; I just fucked another woman
It's not a war, we're just bombing and shooting each other for control over territory and resources.
I'm not drinking, I'm merely consuming an alcoholic beverage.
I thought Polymarket was still illegal in the USA, but it turns out they launched a new, US-specific version by acquiring an existing CTFC-licensed firm and focusing mostly on sports betting. Their main business is still illegal in the US.
I don't think legality means anything in the US anymore. At least not for the rich.
They do still block US users from their main business, so they're at least still compliant in that way. If you go to polymarket.com from a US IP, it says "Trading is blocked in the United States on polymarket.com. Switch to polymarket.us to trade prediction markets."
Yeah, it absolutely is. Hopefully they knock it out of the park.
My pet peeve is when legit news orgs call them "Prediction markets" because they are literally just gambling apps.