The prohibition extends to services supporting prediction markets, like virtual private networks ...
So they quietly just slipped a blanket VPN ban in there, too? Would be interested to read more about that part ...
The prohibition extends to services supporting prediction markets, like virtual private networks ...
So they quietly just slipped a blanket VPN ban in there, too? Would be interested to read more about that part ...
Just FYI, sufficiently liquid prediction markets are also assassin markets by their nature.
It's a really easy way to facilitate payments for killings by "predicting" that someone will be dead by a certain date, and making a big bet against it
It’s why we aren’t allowed to do “dead pools.”
Note that a dead pool can also mean when the water in a dam is so low that it can't flow downhill through the outlet (because the outlet isn't at the exact bottom).
That isn't really a new thing entirely, companies have our entire lives been able to take out life insurance on their employees without them knowing it. Which you know...
This was reported, so I looked it up. Apparently, it's true. I also think it's your opinion that corporations might use for their own financial gain, so I won't remove it.
Corporate ownership of life insurance (COLI), or corporate-owned life insurance, refers to insurance policies taken out by companies on their employees, typically senior-level executives.
The company is responsible for making the premium payments, and if the person dies, the company, not the insured person's family or other heirs, receives the death benefit. Such policies came to be called "dead peasant insurance" after some companies purchased life insurance on low-level workers without their knowledge.
https://www.investopedia.com/terms/c/corporate-ownership-of-life-insurance.asp
Oh right the dead peasants' insurance thing this is like well after the fact, in like the 00s by walmart.
I guess I should have just looked it all up how hard could have been.
From what I understand they would take them out on technical employees fairly often as well, like scientists types that could not be easily replaced. But who knows what dirty dealings have gone on.
Is that why they hire elderly people as greeters? Wow, they're pure evil.
Huh, I wonder if there's a way we could subpoena the books of the life insurance companies they deal with. Or somehow obtain that information by whatever means.
Walmart was a very bad company, they still are but I think they were one of the first retail Giants to become totally morally bankrupt.
If a Walmart employee dies on Walmart property the family gets a $1,000,000 payout. Source: am spouse of Walmart manager. This applies to all employees as far as I know.
His opinion? Walmart was notorious for taking out life insurance policies on its rank and file workers. It happened for decades, there were even lawsuits, settlements, the whole 9 yards...
Yeah that's been common knowledge for decades and decades. Like Wall Street level they can sell life insurance policies on any of us without us knowing it, all they need is our social security number. It's very unfair.
I don't have any ready sources this is from like the 90s and 2000s I mean I could look but whatever.
Hey, I bet you a million dollars a guy I don't like will still be alive tomorrow.
If you take that bet. You have a significant financial interest in ensuring that guy I don't like isn't still alive tomorrow
I get what you were saying, I just have never heard of this happening. Are there court cases or articles on it?
No confirmed cases, but sci fi novels and commentators have been talking about it since the 90s - https://en.wikipedia.org/wiki/Assassination_market
I'm pretty sure that legal wide scale prediction markets have been around for like 2 years so maybe give it time
I honestly wonder if there isn't a deeper history. Gambling is a part of human culture and the only recent thing that's happened is our society has become so corrupt that gambling is being allowed to legally flourish.
Like bank deposit insurance, vaccines, and clean water standards, anti-gambling laws are something society is reminded it needs only after they are gone.
Like bank deposit insurance, vaccines, and clean water standards, anti-gambling laws are something society is reminded it needs only after they are gone.
Like laws against sex and drugs, gambling laws are in themselves a failure of government. We know criminalization is not needed, because societies that don't criminalize imprison and murder less of their own people.
Kidnapping and murder is bad
You can't legislate morality. If you make gambling and drugs illegal they just go underground and become worse problems and foster a criminal underclass/organized crime that becomes a much bigger problem.
Better to keep them legal and put sensible controls on them, emphasis on sensible obviously that's not what we have going on here. Outside of our freedom on marijuana in some states now at least when you don't consider how anybody that drives a car can be arrested for impaired driving even if they're totally sober from the marijuana. If they have smoked in the past week or two. That's another story though.
Well, the probably imprison less people because they are functioning much better as a society. The question is if imprisoning people is better than not imprisoning them in this fucked up society.
I'm in the US, but we generally lock up and/or deport way too many people; incarceration causes more problems than it solves, and serving white supremacy is the main social goal and outcoe.
But I think this is a separate conversation. The anti-gambling laws I'm talking about are the ones that would prevent constant Draft Kings advertisements and all the money that gets fed back into our political system. We've got so far away from acknowledging the damage that gambling causes, and gambling, as far as I'm concerned, is just a mugging with extra steps, yet paid propaganda has papered over the criminality.
So kind of like in John Wick, but less direct
I know everyone else is pretending that they understood your original comment, but I actually really appreciate how much you clear it up with this response.
Like there is no downside for the person making the bet, they actually accrue interest until it happens if there is any market volume on the bet.
Minnesota comin in hot

Every day I regret leaving Minnesota for Texas, they keep doing what we need to do here and the damn state regime stomps down any progressive or practical solutions the blue cities try. I vote angry in every election.
Something stopping you from going back?
Can't afford moving anywhere now. Have to work and save before I can get back north again.
Texas isn't forcing you to use prediction markets so how are you affected?
So you want to live in a state that is actively banning VPNs? How does that boot taste?
The prohibition extends to services supporting prediction markets, like virtual private networks, that could allow consumers to disguise their location and get around the ban.
I feel like if we could just organize and sythesize a list of the best blue state laws and enact them nationally we could have a pretty good country. I mean I would say like cali and minnesota and illinois but like new mexico to has some nice stuff along with the old guard east coast. EDITED ugh. just realized from another commenter the poison pill in the law.
The amount of people who can't read past the headline and are missing that this is about banning VPNs and garnering public support for it is honestly horrifying.
Wait, so you read this
The prohibition extends to services supporting prediction markets, like virtual private networks, that could allow consumers to disguise their location and get around the ban.
and thought that it meant
Minnesota is banning VPNs, too.
Like, that would be a headline on its own. But it isn't.
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