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points by rbanffy 5 days ago | 0 comments
> I liked it for political races as an alternative to polls.

With enough funds, smaller political races can be gamed.

[–] mahboi 5 days ago
Yeah that too, so only the big ones. Obviously the law can't distinguish since it's all the same kind of gambling.
[–] rbanffy 4 days ago
The law can always distinguish the intent, which might be hard to prove, but not impossible. For instance, a PAC making large bets would raise a lot of suspicion. One Brazilian fugitive currently in the US has injected about a billion dollars in the form of bets on a Brazilian betting company, and that has caught regulators' attention.