Gambling on sensitive matters.

[Fiatless]

"Their safety is unknown. They could be your neighbor, a friend, or a family member. And people are betting on whether or not they’ll be saved. This is DISGUSTING.”

This is the comment of US lawmaker Seth Moulton about Polymarket's prediction about the fate of the US airman who is missing after bailing out of his fighter jet over Iran.

Polymarket took immediate action by cancelling the bets claiming that it violated its integrity standards. The company also said it is investigating how these bets passed through its internal safeguards.

I think these prediction platforms should avoid offering bets on issues that cause pain or destruction. There is no need to use people's misfortune for gain.

[YOSHIE]

I think these prediction platforms should avoid offering bets on issues that cause pain or destruction. There is no need to use people's misfortune for gain.

We can all understand that Polymarket should make professional and real bets, it should not place bets on war or other people's suffering, like "will israel massacre shooting dead all palestinian prisoners" for me it's a ridiculous and unprofessional bet, as well as about the US pilot.

Polymarket, not every action of war and suffering of society, military, country and so on can make money for them, Polymarket should really make reasonable and professional bets, maybe it has nothing to do with deaths, arrests, suffering and so on, I think betting on Polymarket is too excessive, this is not the first case of Polymarket being reprimanded and investigated.

[giammangiato]

It's definitely "the dog that bites its own tail" polymarket is one of a kind for these types of bets, I'm personally against it, but it wouldn't be the only thing where people profit from other people's misfortunes.
I wouldn't be alarmed by talking about scandal, wars in themselves are a way to profit from death, from the misfortunes of many innocent people, children die under bombs and from hunger and few are scandalized.
WARNING I don't justify this kind of betting, but it goes against what happens daily in the World, Polymarket was professional to eliminate the bet.
Perhaps if they want to prove that they are truly on the right track, they should eliminate all kinds of bets on war and suffering in general.

[cryptoaddictchie]

I think these prediction platforms should avoid offering bets on issues that cause pain or destruction. There is no need to use people's misfortune for gain.

Aside from that avoid having bets that are clearly impossible or none sense. Like I saw on X a bet " Will Jesus return on 2027" Like how is that even possible to be on topic.

Maybe the next time we see a bet. Will Satoshi Ever withdraw his BTC

Prediction market is a new way of betting but a clear rules with regards to legal aspect must be formalized and reviewed. Actually I like it cause its has a unique approach besides sports betting and an improvement is needed for it to be trusted.

Theres no denying that web3 people are into the hype of it but the opposite side are clamoring for its real objective. Lawmakers are just making sure that it follows a clear path and dont end up being the largest scam of all.

[nimogsm]

"Their safety is unknown. They could be your neighbor, a friend, or a family member. And people are betting on whether or not they’ll be saved. This is DISGUSTING.”

I think these prediction platforms should avoid offering bets on issues that cause pain or destruction. There is no need to use people's misfortune for gain.

So, betting on invasions of countries is fine, but when it comes to betting on one pilot, that's bad. I also think this has gone too far and is turning into an unhealthy desire to make money. I'd like to see the platform's team review its work rather than interfere with politicians, judges, etc.

[Ruttoshi]

I think gamblers are so funny that they can bet on anything just for the money which is very bad to me. Betting on one misfortune means you're heartless because it shows you don't care about what happens to your neighbor.

I don't gamble on events that are disgusting like this one in the OP. Money isn't everything because you don't know if it will be your turn tomorrow.

[viljy]

I suspect that the Polymarket is just forced to follow the rules of decency, but this is only temporary. In fact, for a Polymarket, anything that makes a profit is ethical. In other words, the criterion of immorality of some bets is uncertain. At some point, such bets will become commonplace there. The Romans used to bet on gladiatorial fights. And what's worse about the Polymarket than the Colosseum? Polymarket has only one goal - maximizing profits in any way, using and encouraging the lowest instincts in its users. Although I may be biased towards this "prediction market", but in fact it is the best of what the market economy has generated... or was FTX the best?

[JeffBrad12]

CFTC has made it clear betting on someone's death is actually prohibited. So we can only guess it's the stupidity of contract writers who have written that betting on the fate of damaged US jet pilot. I think it's Polymarket internal needs to get overhauled. Btw, writing contract in polymarket is permissioned. So it's pure the stupidity of their internal.
I can only guess someone in their team intentionally passed such contract to get advantage for himself. This is also the reason their internal needs also to be audited. It's caused by they clearly didn't learn from Kalshi's case.

[Ever-young]

That’s disgusting indeed. But really, that’s just another clear indication that some people, especially the casinos and prediction site owners don’t give a damn about others but their own pockets, as long as they’re making profits from it, then it’s completely okay. I’m guessing the reason they took down that bet and claimed being ignorant of how it got there was because a Judge frowned at it and so they took immediate actions to avoid sanction.

[ZeroVinsonN]

I think gamblers are so funny that they can bet on anything just for the money which is very bad to me. Betting on one misfortune means you're heartless because it shows you don't care about what happens to your neighbor.

I don't gamble on events that are disgusting like this one in the OP. Money isn't everything because you don't know if it will be your turn tomorrow.

There are limits to what people should be willing to gamble on, gambling on whether a person to going to survive something or not is just next level degeneracy and should be seriously discouraged, this person has a family, how do these people expect his family to respond to something like this, finding out that people are placing bets on the chance of your loved one coming back alive of not, Polymarket should avoid such situations for their own good.

[Outhue]

So now they are pissed because we are talking about a missing airman from the united states here right? But people can place bets on wars happening in other countries? What a world. It's already in history of polymarket that bettors have placed between on ridiculous things, the difference this time is US doesn't like it because eits happening to them. I suspect that polymarket is been forced to make this happen if not they won't even care.

[batang_bitcoin]

I think these prediction platforms should avoid offering bets on issues that cause pain or destruction. There is no need to use people's misfortune for gain.

They have to put safeguards and filter for these markets that are being demanded and made on their platform. If it's disrespecting someone's privacy, life and family, they should automatically remove that in their platform. The misfortune of people to put a bet for is out of hands. They should do better and I hope that they'll be regulated and the owners of it will start to be more conscious about these kinds of matters.

[Bitcoin.com97]

I think gamblers are so funny that they can bet on anything just for the money which is very bad to me. Betting on one misfortune means you're heartless because it shows you don't care about what happens to your neighbor.

I don't gamble on events that are disgusting like this one in the OP. Money isn't everything because you don't know if it will be your turn tomorrow.

Which is really disgusting, many people don’t really care as long as it involves money , who get hurt in the process is non of their problem , because when I see what most people bet for , unnecessary things that are not called for , sometimes I ask myself to what end , I really don't know how many see this gambling, I think betting on things that are destructive should be avoided, no point of gaining from someone pains, they should do better, it’s really really annoying.

[arwin100]

I think gamblers are so funny that they can bet on anything just for the money which is very bad to me. Betting on one misfortune means you're heartless because it shows you don't care about what happens to your neighbor.

I don't gamble on events that are disgusting like this one in the OP. Money isn't everything because you don't know if it will be your turn tomorrow.

Which is really disgusting, many people don’t really care as long as it involves money , who get hurt in the process is non of their problem , because when I see what most people bet for , unnecessary things that are not called for , sometimes I ask myself to what end , I really don't know how many see this gambling, I think betting on things that are destructive should be avoided, no point of gaining from someone pains, they should do better, it’s really really annoying.

Its awful to see that there are people got thrilled about seeing some distractive situation happening not only for that country, but also people in that place. That's why I agree with the suggestion that government should have strict monitoring and discourage or asked Polymarket to offer such type of betting. Then make sure that there's no unethical bets could pass through in their platform.

What we can do here is to discourage those people betting on unethical situations and discuss about what's best course of actions towards those kind of situation. There's really no point gaining on something that cause harm to other. That's why prediction market should think about other ways to bet and clean up their platform to avoid creating any huge mess.

[Mpamaegbu]

Polymarket, not every action of war and suffering of society, military, country and so on can make money for them, Polymarket should really make reasonable and professional bets, maybe it has nothing to do with deaths, arrests, suffering and so on, I think betting on Polymarket is too excessive, this is not the first case of Polymarket being reprimanded and investigated.

Whether we think it's right or wrong betting on wars or sights that annoy, that will continue. It won't stop. The reason being that there are those who don't make a big deal out of other people's deaths or misfortune. They think it's a sport like any other like UFC, boxing, wrestling or by extension, another form of extreme sports. Gamblers will always bet on stuff like that. If gamblers can bet on stuff like that, then there will expectedly be sites/businesses/companies that will be out to take such orders. That's what Polymarket is doing. I don't see anything wrong in that.

Even you too don't see anything wrong in that to an extent, going by your comment "not every action of war..." My understanding of that is this – there are some actions that should. That sounds like you endorse certain aspects that should be betted on. So, it's not you outrightly condemning gambling with war events, right? Correct me if I'm wrong.

[acroman08]

Polymarket took immediate action by cancelling the bets claiming that it violated its integrity standards. The company also said it is investigating how these bets passed through its internal safeguards.

Lol, they are acting like they are not the ones who put it there. The only reason they took it down was because they received backlash from people. The same thing happened when they put the nuclear detonation prediction on their platform. I am one hundred per cent certain that if they didn't receive backlash from it, those markets would still be on their platform.

[Fortify]

"Their safety is unknown. They could be your neighbor, a friend, or a family member. And people are betting on whether or not they’ll be saved. This is DISGUSTING.”

This is the comment of US lawmaker Seth Moulton about Polymarket's prediction about the fate of the US airman who is missing after bailing out of his fighter jet over Iran.

Polymarket took immediate action by cancelling the bets claiming that it violated its integrity standards. The company also said it is investigating how these bets passed through its internal safeguards.

I think these prediction platforms should avoid offering bets on issues that cause pain or destruction. There is no need to use people's misfortune for gain.

Frankly it's pretty disgusting and Polymarket is playing with fire, they are accepting bets on death in many ways which is likely to get them banned or regulated in any decent country. This is not the first time and the excuse that "it's our users not us" does not hold. They could end up setting back the gambling industry in America massively because the push back could end up being much stronger. It's also being used for a lot of insider trading as there is very suspicious activity happening around major events, like huge bets just before the war on Iran was started - politicians or their associates are using information to enrich themselves, but sadly the republican cult/party is corrupted to the core at this point in time so they won't do anything to fix it.

[_act_]

I think these prediction platforms should avoid offering bets on issues that cause pain or destruction. There is no need to use people's misfortune for gain.

I do not see it as using people misfortune to gain because if they have such bet or not have such bet, what has happened has happened and nobody knows what will happen but except few people which makes you right. You are still very right because this can lead to insider prediction and be used to cash huge amount of money. There are a lot of events that should not be bet on prediction markets.

[AmoreJaz]

Polymarket, not every action of war and suffering of society, military, country and so on can make money for them, Polymarket should really make reasonable and professional bets, maybe it has nothing to do with deaths, arrests, suffering and so on, I think betting on Polymarket is too excessive, this is not the first case of Polymarket being reprimanded and investigated.

Whether we think it's right or wrong betting on wars or sights that annoy, that will continue. It won't stop. The reason being that there are those who don't make a big deal out of other people's deaths or misfortune. They think it's a sport like any other like UFC, boxing, wrestling or by extension, another form of extreme sports. Gamblers will always bet on stuff like that. If gamblers can bet on stuff like that, then there will expectedly be sites/businesses/companies that will be out to take such orders. That's what Polymarket is doing. I don't see anything wrong in that.

Even you too don't see anything wrong in that to an extent, going by your comment "not every action of war..." My understanding of that is this – there are some actions that should. That sounds like you endorse certain aspects that should be betted on. So, it's not you outrightly condemning gambling with war events, right? Correct me if I'm wrong.

Because the prediction markets see the demand on this kind of betting, hence, they are offering betting lines related to it. As I've seen, Iran-related betting lines are fetching multi-milion dollar bets, and who won't just ignore such huge market? Thus, these gambling sites are taking advantage of the opportunity. I believe, if no one said something about that betting line- the safety of that airman, they will just continue accepting bets.

[Agbamoni]

If it were possible that a live event where they slaughter humans like those we watch in the movie exists, people will bet on which victim will escape. The world we live in is dangerous; people can bet on you to die in the next 10 years or not. Polymarket should ban people from betting on real-life occurrences that can hurt the feelings of others who see it. Not everyone is a bettor, and many bettors bet on these event.