Well, well. As if baseball isn't enshittified enough, the New York Yankees have now joined forces with the prediction market Polymarket, which is now the Official Prediction Market of the New York Yankees. Baseball, and sports in general, is no longer a leisure pastime for the enjoyment of watching humans compete for titles, but rather just another market for betting and profiteering off suckers fans willing to pony up money they probably don't have or shouldn't spend on outrageously priced tickets or gambling. This comes on the heels of the Mets signing a deal with prediction market Novig last week.
Of course, the NY Post is getting its cut. I think IIHIIFIIG should partner up with Kalshi and offer some coupon codes before it's too late. We can start with betting on how long it will be before Polymarket's odds appear alongside the scoreboard.
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13 comments:
I bet that this will contribute to the end of days . . .
The previous comment was riddled with auto corrected typos - so I eliminated it.
Agreed. Can’t stand the ads for legalized betting as it is. A few scant years ago, betting was anathema for the owners. But just wave a few bucks in front of the owners and they squeal like the pigs they so closely resemble.
Unfortunately for Pete Rose, he died too soon to become the paid spokesperson for Bet 365 or Kalshi.
It will probably be for naught...
NEW YORK, July 31 (Reuters) - New York's attorney general sued Kalshi on Friday, claiming that its prediction market platform violates state laws against illegal gambling.
The case, brought by Attorney General Letitia James, escalates a rapidly expanding battle, including a flurry of lawsuits and countersuits, over whether individual U.S. states or the federal government should regulate the fast-growing prediction markets industry.
James said in a petition filed in a state court in Manhattan that Kalshi failed to obtain a New York State Gaming Commission license to operate its platform, where people trade based on the predicted outcomes of sports, elections and other events.
The attorney
general said such platforms can encourage problem gambling, including by people under age 21, and endanger people's financial, emotional and physical health.
She filed similar petitions in April against two other prediction market operators – Coinbase Financial Markets (COIN.O), opens new tab and Gemini Titan (GEMI.O), opens new tab – saying all three companies' so-called event contracts were "quintessentially" gambling.
They will go after Polymarket soon...ICYMI, Trump family is involved w/Polymarket
Yeah, love me some Tish James! She stood up to Trump, stood up to the Barclay's Center giveaway. I'd vote for her for everything.
Yep, gambling is out of control again (Funny how that investigation into Ohtani died. I guess he really did entrust $16 million to his translator, to do with as he wished.).
And even worse, this time around, college kids get death threats and other hate mail from these would-be Rothsteins because they didn't make their prop bets for them.
We are a disgrace as a society now.
Contrarian - Agree 100%
Carl - Pete Rose died so Shohei Ohtani might live.
He’d be Commissioner now, hailed as a true visionary
Just don’t put him in the HOF
A few well placed bribes will make that all go away.
“ Steal a little and they throw you in jail
steal a lot and they make you king”
- Dylan
@BTR999: A very good song on an overlooked album.
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