• Devolution@lemmy.worldBanned
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    15 days ago

    so a Google worker gets charged for making 1.2 million on bets but the Google CEO is OK with data centers that illegally suck water and electricity and engaging in surveillance activity with Palantir.

    Makes sense to me. 🙃

    • limonfiesta@lemmy.world
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      14 days ago

      Makes sense to me

      Because insider trading is still sometimes illegal.

      But multinational corporations raping the environment and helping to build a dystopian surveillance state is not only legal, but incentivized and rewarded by the state.

    • axh@lemmy.world
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      15 days ago

      Google CEO is OK with data centers that illegally suck

      Yeah, I am pretty sure CEO also uses that data for bets, but they call it investments and praise him for it.

  • gedaliyah@lemmy.world
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    14 days ago

    I feel like this is a “baby in the river” scenario. You know — after the third or fourth one, you should stop just diving in to save them and go look upstream to figure out who is throwing all the babies in!

    We need to stop saying “wow, another person abused their position and inside knowledge to make money on polymarket.”

    Of course they did. Polymarket is practically purpose-engineered to be abused by people with inside knowledge. It would be more shocking to discover that no one was abusing it. It’s basically a casino that lets you bring your own cards from home. I honestly don’t understand why it wasn’t shut down a long time ago.

    • Snarwin@fedia.io
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      13 days ago

      I honestly don’t understand why it wasn’t shut down a long time ago.

      Because if it was shut down, the Epstein class couldn’t abuse their insider knowledge to make money. Laws are only for the proles.

    • FordBeeblebrox@lemmy.world
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      14 days ago

      The US Congress is investigating. The people who wrote their own laws to allow insider trading.

      No one is being the least bit sneaky anymore, this is just straight up grift and if you don’t like it then maybe we declare your hometown an enemy of the state.

      START SHOOTING ICE

    • dev_null@lemmy.ml
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      9 days ago

      Polymarket skirts gambling laws by insisting it’s not gambling. Instead it’s legally registered as a futures market (or something like that, I don’t remember the details). So all bets are legally stock market trades.

      Knowing that, it makes sense.

  • someguy3@lemmy.world
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    14 days ago

    The court papers said Spagnuolo’s most lucrative alleged Polymarket wins were correctly predicting who would and would not be the most searched for person on Google in 2025.

    He allegedly placed bets against names, like Bianca Censori and President Donald Trump, and chose the singer D4vd as taking the top spot when the betting platform had odds of that result being near zero.