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Democrats launch political raid on Polymarkets, the gambling site that predicted Trump's win.

https://www.breitbart.com/tech/2024/11/14/bidens-fbi-raids-home-of-polymarket-ceo-after-gambling-platform-successfully-predicts-trump-victory/

As a member of the Prohibition Party, I'm against gambling, but can't help but notice anyone who wants to gamble online can. So I'm viewing this raid as purely political, because they are not aystemmatically raiding other gambling sites. Further, this one bans Americans from betting on it's platform.

I don't think they have a chance of convicting him prior to Trump taking over, so this is a last ditch effort by Kamala Authoritarians to just mindlessly F with people it doesn't like, as a intimidation tactic as precedent for future elections.

Outside the essence of gambling (it's addictive and ruins lives), it really wasn't doing something wrong- there is a First Amandment case that their bets were in their substance free speech. I can't see how it can be said the public merely seeing the betting odds is illegal. And even if people were heavily better to screw with the odds- it still doesn't involve the US Government- the gambling aspect would be potentially illegal- IF it was a american company, but we don't remotely have any laws saying you can't skew betting laws, and trying to pass a law saying this larticular form of free speech is illegal likely wouldn't pass constitutional muster. At most, the individual is a tax dodger and broke a state law on gambling, and almost certainl did it via encrypted VPN.

I wouldn't waste my time on this if I was a FBI investigator. Lots of real crime exists, especially violent crime. This is just political. I would be putting my assets towards tracking down human traffickers, rapists, cartels, serial killers long before voluntary gambling.
I guess we are going to ignore the fact that it is a platform in a space that has resulted in fraud to a degree that nearly took down the global economy...again and pretend it is Trumpists being persecuted.
@PicturesOfABetterTomorrow We absolutely can afford another dozen of them, the nature of crypto is intentionally designed to be dodgy and decentralized, involved in shady things and prone to collapse.

The early English used to tightly control who could mint coins (it was a franchise held by select municipalities in the late dark ages, early medieval period). That was using gold and silver that was already quite valuable.

I don't think investing in wild crypto-schemes is a good idea, it isn't something the federal reserve has control over, but a good chance foreign hackers, especially state backed such as China, could. If crypto ecer becomes a sizeable portion of the currency market, then government will be forced to centralize and regulate it, and brutally stamp out what doesn't play along.

When it is small and useless (useless from the perspective of a large civilization, not a individual) as it is now, all it attracts is hardcore anarchists and people doing illegal stuff on the dark web or scary stuff overseas, I say government should on the level of the CIA or NSA should hack it and silently observe the transactions as part of it's geolocation exercises, figuring out who is doing what in the underground. If it is small crime ignore it, terrifying stuff like terrorism, cartels or gangs/tongs use it to plan military or police raids, but never let on how you got the info. I don't think you'll ever hear of a intelligence agency admitting it can hack encryption, but guven how Israel and the US keeps countering Iran, I think we clearly can. Same should be the case for crypto.
@Motzu And because of the nature of the unregulated crypto market it is the easiest way to scam people out of millions with almost zero likelihood of being investigated, let alone prosecuted.

The reason SBF was prosecuted is he almost created a global crash.
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4meAndyou · F
Polymarkets has not been approved legally for gambling on Presidential elections within the United States. They are approved for betting from overseas, only. A Frenchman just won 15 million in bitcoin by betting that Trump would win, AND betting that he would win the popular vote.

I think it's a bit ridiculous that anyone is upset that he got raided. He was taking bets from inside the United States.

 
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