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Yep, far worse than cryptocurrency
At least cryptocurrencies had some nice ideas behind them. Just sad they almost immediately got co-opted by swindlers and criminals.
Wait until they ban prediction markets, then they will re-appear, and you will have to use cryptocurrency :)
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Polymarket already only accepts cryptocurrencies. :)

Kalshi is worse in a sense that it also accepts fiat payments.

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I’d be surprised if there wasn’t already a huge crypto-only dark market where lots of rich criminals bet huge sums.

If you’re in that telegram channel, though, I imagine the threats on your life are a lot more credible than the ones discussed in TFA.

Cryptocurrency itself was designed to enable crime. Why else would one want an end-run around governments and law-enforcement, unless one were a criminal wanting to prey on others risk-free?
A statement made from either privilige, ignorance or both.

Just because you might agree with the actions and behaviour of your current government enough, that you don't mind them being able to have a hand in your currency, doesn't mean that can't change.

Not all governments are good, trustworthy or even exist at all. For people in an oppressed or even full out broken society, being this level of criminal is acceptable.

But yes, something used to work around bad governments, will also be used against good governments. Every legit tool can be also abused.

> a criminal wanting to prey on others risk-free

E.g. a Chancellor on brink of second bailout for banks?

So, in your mind, making a payment, recieving a payment and holding money in savings are always bad when it goes against any government's law or order?
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AI is 1000%+ far worse to be fair.

Cryptocurrency (although I hate it) you don't have to participate, so no harm done.

Prediction Markets you don't have to participate, so no harm done.

With AI, you're participating whether you like it or not. Layoffs, Job displacement, etc. There is no opt out here.

Once you're replaced with AI, that is it.

At least with cryptocurrency and prediction markets you can make money but it's obviously risky.

Ultimately with AI it would just push people to cryptocurrencies and prediction markets.

> Prediction Markets you don't have to participate, so no harm done.

What if there's a prediction market on your life? Would you say you're still "not participating, so no harm done" ?

> Prediction Markets you don't have to participate, so no harm done.

Did you read the article? It is about a journalist getting death threats from members of a prediction market.

Do you have a positive defense of betting markets? You're spraying defensive whataboutism all over this thread and lowering the discourse.

> Prediction Markets you don't have to participate, so no harm done.

Harm: https://www.npr.org/2025/11/13/nx-s1-5605561/college-athlete...

Harm: https://militarnyi.com/en/news/in-november-an-isw-analyst-ma...

Harm: https://www.cnbc.com/2026/03/05/prediction-markets-merkley-b...

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