This is the same type of guy who blames rigged poker sites when he loses and complains about "bad" opponents playing bad cards and sucking out.
Always blaming everyone else.
Now it's the trillionaires.
This might be a skill issue from me, but who is moving pinn and bookmaker at truly max limits. Like I’ve never even heard a rumour of a person knowing a person who bets that late. I guess true end game crushers are just really private.
Just so I understand your position: you believe the house deserves a built-in advantage, and your objection to peer-to-peer prediction markets is that they allow some of that advantage to be shared with other gamblers or market makers instead?
Because that seems like the real distinction here. In your sportsbook model, the customer is expected to(required to it seems) to lose to the house. In a peer-to-peer market, the customer may lose to other participants, but at least the edge is visible, competitive, and distributed rather than hidden inside a one-sided operator model.
So is your issue actually consumer protection, or is it that prediction markets threaten the sportsbook’s monopoly on extracting the spread?
I truly have no issue with books limiting. Like you said you are a profit maximizing company. What I don't like is pretending like the majority of limits are for "Responsible Gambling", or listing a bunch of nonsense to frame it as not a big deal. I also book more advantage gambler action than you would imagine. Also work on trading for an exchange @Novig where sharp action is welcome. If you really want to talk about it happy to do it on a Pod, but just be genuine - like you were asking everyone else to do, and don't frame it as something it's not.
Love Matt but…DK’s own hold on parlays runs like 25-40%. They limit or ban anyone who shows skill (which literally is the best part of prediction markets) then funnel casuals into boosted props engineered to lose. Wall Street market makers are tough ofc but at least they don’t kick you off the platform for winning.
As a huge fan of Traitors this is an issue. I was legit afraid to open Kalshi while last season was airing. And @Landtrader8375 makes a good point in the replys as well that the most valuable customers are the ones getting fleeced here. Think it’s time to stop these markets
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