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[-] phoenixz@lemmy.ca 44 points 1 day ago

It's not a fucking market, it's a gambling site and the worst type of it. Its gambling on if a human being will die, if somebody will suffer, if wars will be won or lost

This website is the absolute anus of the internet, only shit comes out of it, aside from the eventual dick head coming in

[-] Mubelotix@jlai.lu -5 points 1 day ago

This is the worst argument you could have thought of. French definition of human rights imply not judging based on morality and beliefs but on strict well defined rules. Polymarket is problematic because it's used for fraud, insider trading, corruption and money laundering. Not because we don't agree with its content

[-] eleitl@lemmy.zip 2 points 1 day ago* (last edited 20 hours ago)

With 'blocking' they likely mean at DNS level, unless France invested in a lot of DPI censorship infrastructure.

[-] taiyang@lemmy.world 8 points 1 day ago

I think it's a good step while the rest of the world seems to just let it and other "prediction sites" operate. Gambling itself should be at least heavily regulated because of a variety of reasons, but this is even worse because gambling is the best possible use. The worst cases being things like betting a wildfire will start on a specific day and then... starting a wildfire. That's closer to a website hiring hitmen, something more dark web than new tech.

Now is it a slippery slope? Maybe, especially since it's not a direct way to stop the problem. Dark web services are there because they are illegal, they aren't just blocked by an ISP. Laws need to clarify how much of this is gambling (which is legal in France and subject to rules) and how much of this is dangerous activity. Legally clarifying these rules is essential to a long term solution, but again I think it's ok to take a quick first step while that process plays out.

[-] chicken@lemmy.dbzer0.com 4 points 1 day ago

I was going to say it shouldn't matter whether they block the website because Polymarket is largely decentralized and runs on smart contracts, and so should be accessible through a third party frontend even if the main site is blocked, but it seems that they did it wrong and set things up so that all user wallets must be explicitly approved by the company to use it and so it has no properties of permissionlessness, if I am reading this right:

/// @notice Adds a new operator
/// Can only be called by a current admin
/// @param _operator - The new operator
function addOperator(address _operator) external onlyAdmin {
    require(!operators[_operator], AlreadyOperator());
    operators[_operator] = true;
    emit NewOperator(_operator, msg.sender);
}
[-] kakekongen@lemmy.zip 0 points 1 day ago

Blocking is harsh, but honestly there seem to be limited different actions that can be taken, but will not really have a great impact. These prediction markets sell themselves as putting your money where your mouth is, which sounds great on paper but without regulation opens up for a select few to do «inside trading».

Most users are still primarily using it for sports betting which is very heavily regulated. For good reason. Regulating these in the same way would be the right action but, I guess we could see if this actually will have an impact. I’m sceptical.

[-] 7toed@midwest.social 2 points 1 day ago* (last edited 1 day ago)

I feel like too many people have the general impressing that this is some normal gambling. For example, on polymarket, if a bet defaults, such as a game being cancelled, the pool is split 50/50. Most users do not know of this, and it can be gamed until you get banned, what other platform (or hell if Im betting with friends) does that?

[-] kakekongen@lemmy.zip 1 points 9 hours ago

I would assume other betting exchanges such as betfair does that. With betfair you purchase an order and someone must issue a sell for you to get that price. Think stock market for sports betting. But betfair is considered a gambling site and is regulated as such. So I don’t see why Polymarket or Kalshi should be any different. I’d be happy to be convinced otherwise :)

this post was submitted on 20 Jul 2026
214 points (100.0% liked)

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