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Ex-Quant Trader (Finn Hulse) introduces Gambling 2.0: A new ecosystem primitive where your bets are against every other player In this episode, Finn introduces the Gambling 2.0 Initiative (Gambling 2.0 Initiative) and breaks down how replacing the house’s bankroll with a huge player pool inverts predatory incentives and democratizes...

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NGMI

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14,878 görüntüleme • 1 ay önce •via X (Twitter)

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John Tadeusiak profil fotoğrafı
John Tadeusiak1 ay önce

@finn_hulse @g2initiative holy finn invented gambling the sequel

Finn Hulse profil fotoğrafı
Finn Hulse1 ay önce

@g2initiative one other correction: ~50 external games have been built, not >100, it’s only 100+ when u count mine (i had to check the breakdown, forgot how many i threw away while iterating) super fun podcast, stay tuned for mainnet

NGMI profil fotoğrafı
NGMI1 ay önce

@g2initiative This episode is now live on YouTube

NGMI profil fotoğrafı
NGMI1 ay önce

@g2initiative And on Spotify & Apple Podcasts

Aced profil fotoğrafı
Aced1 ay önce

@finn_hulse @g2initiative You didn't remove the house. You swapped the bankroll and kept the pen. Whoever sets the pool still sells the one-shot.

NGMI profil fotoğrafı
NGMI1 ay önce

@finn_hulse @g2initiative blocked for slop

Benzer Videolar

Gambling companies are finding loopholes to entice vulnerable people back onto their platform - even when people have decided they want to stop gambling and self excluded on BetStop. This is what happens when you leave gaps that can be exploited by what is known to be a predatory industry. And it shows what will happen if the Government opts for a partial ban on gambling ads, rather than a full ban. The late Labor MP Peta Murphy and her committee report gave us the blueprint for change, it's time for the government to implement the Murphy Report recommendations in full. If you want to read more, this is from Peta Murphy's Foreword to the committee report: "Online gambling companies advertise so much in Australia because it works. Online gambling has been deliberately and strategically marketed alongside sport, which has normalised it as a fun, harmless, and sociable activity that is part of a favourite pastime. Gambling advertising is grooming children and young people to gamble and encourages riskier behaviour. The torrent of advertising is inescapable. It is manipulating an impressionable and vulnerable audience to gamble online. Australia’s largest professional sporting codes and broadcast media were largely in lockstep with their advertising and sponsorship partners in the gambling industry during this inquiry to oppose further restrictions. The Committee shares the concerns of many witnesses and the community that the status quo is leading to a generation of young Australians who view gambling and sport as inextricably linked. This is concerning, not only because of the potential increase in Australians experiencing gambling harm, but also about changes to the culture of sport. Australia would be diminished if sport was to be so captured by gambling revenue that providing an opportunity for betting came to be seen as its primary purpose. A phased, comprehensive ban on all gambling advertising on all media – broadcast and online, that leaves no room for circumvention, is needed. Partial bans on gambling advertising do not work. The 2017 media reforms resulted in gambling advertising on television increasing. Harmful industries have shown they will identify and capitalise on any gaps in marketing restrictions and that they are taking advantage of the less regulated online environment. The advertising ban should be enforced sequentially, with advertising that has the highest risk of harm to be addressed immediately. To enable sporting bodies and broadcasters adequate time to locate alternative sources of advertising revenue and to comply with current contractual obligations, the Committee recommends that the comprehensive ban be phased in over a three-year period."
1:19

Gambling companies are finding loopholes to entice vulnerable people back onto their platform - even when people have decided they want to stop gambling and self excluded on BetStop. This is what happens when you leave gaps that can be exploited by what is known to be a predatory industry. And it shows what will happen if the Government opts for a partial ban on gambling ads, rather than a full ban. The late Labor MP Peta Murphy and her committee report gave us the blueprint for change, it's time for the government to implement the Murphy Report recommendations in full. If you want to read more, this is from Peta Murphy's Foreword to the committee report: "Online gambling companies advertise so much in Australia because it works. Online gambling has been deliberately and strategically marketed alongside sport, which has normalised it as a fun, harmless, and sociable activity that is part of a favourite pastime. Gambling advertising is grooming children and young people to gamble and encourages riskier behaviour. The torrent of advertising is inescapable. It is manipulating an impressionable and vulnerable audience to gamble online. Australia’s largest professional sporting codes and broadcast media were largely in lockstep with their advertising and sponsorship partners in the gambling industry during this inquiry to oppose further restrictions. The Committee shares the concerns of many witnesses and the community that the status quo is leading to a generation of young Australians who view gambling and sport as inextricably linked. This is concerning, not only because of the potential increase in Australians experiencing gambling harm, but also about changes to the culture of sport. Australia would be diminished if sport was to be so captured by gambling revenue that providing an opportunity for betting came to be seen as its primary purpose. A phased, comprehensive ban on all gambling advertising on all media – broadcast and online, that leaves no room for circumvention, is needed. Partial bans on gambling advertising do not work. The 2017 media reforms resulted in gambling advertising on television increasing. Harmful industries have shown they will identify and capitalise on any gaps in marketing restrictions and that they are taking advantage of the less regulated online environment. The advertising ban should be enforced sequentially, with advertising that has the highest risk of harm to be addressed immediately. To enable sporting bodies and broadcasters adequate time to locate alternative sources of advertising revenue and to comply with current contractual obligations, the Committee recommends that the comprehensive ban be phased in over a three-year period."

David Pocock

47,178 görüntüleme • 11 ay önce

The Counter-Strike Content Scene might have a big problem on YouTube... YouTube removed my video for promoting unlicensed gambling despite it NOT containing any mention of gambling / case opening websites. They refuse to back down and at the same time they REFUSE to specify at which time the "promotion" is located. If they don't give us this information, I will not know how to avoid this in the future, and releasing videos becomes quite scary as I risk the removal of the entire channel despite not doing anything wrong intentionally. This is a extremely frustrating problem to have as I see a multitude of channels directly promote gambling sites and nothing is done to them, while at the same time I chose to NOT take gambling website money to avoid problems like this, it makes no sense. The only thing they have provided us is a link to their policy (I will share this in the post below so you can read it too if you want) which states Direct promotion of gambling is not allowed, but I repeat, there was none. As it was a documentary about a Counter-Strike player - Xantares, there were images of him wearing jerseys that had the names of gambling websites on them, but that is not a direct promotion. I'd like to ask the community to like & retweet this for visibility, and ideally if anyone is in contact with a person on the YouTube team that could give us a good faith explanation of what we did wrong, it would really help out not only just me, but the entire community because if I won't be able to release videos due to fear of getting strikes, I will not be the only creator is affected. At the same time I decided to upload the video here, on X, to invite the community to point out if they see how I broke the YT policy. Maybe I and my team just don't see something obvious, that would be the best case scenario... TeamYouTube
18:03

The Counter-Strike Content Scene might have a big problem on YouTube... YouTube removed my video for promoting unlicensed gambling despite it NOT containing any mention of gambling / case opening websites. They refuse to back down and at the same time they REFUSE to specify at which time the "promotion" is located. If they don't give us this information, I will not know how to avoid this in the future, and releasing videos becomes quite scary as I risk the removal of the entire channel despite not doing anything wrong intentionally. This is a extremely frustrating problem to have as I see a multitude of channels directly promote gambling sites and nothing is done to them, while at the same time I chose to NOT take gambling website money to avoid problems like this, it makes no sense. The only thing they have provided us is a link to their policy (I will share this in the post below so you can read it too if you want) which states Direct promotion of gambling is not allowed, but I repeat, there was none. As it was a documentary about a Counter-Strike player - Xantares, there were images of him wearing jerseys that had the names of gambling websites on them, but that is not a direct promotion. I'd like to ask the community to like & retweet this for visibility, and ideally if anyone is in contact with a person on the YouTube team that could give us a good faith explanation of what we did wrong, it would really help out not only just me, but the entire community because if I won't be able to release videos due to fear of getting strikes, I will not be the only creator is affected. At the same time I decided to upload the video here, on X, to invite the community to point out if they see how I broke the YT policy. Maybe I and my team just don't see something obvious, that would be the best case scenario... TeamYouTube

Josh Nathan

45,982 görüntüleme • 8 ay önce

People are debating gambling these days. A lot of the focus is on prediction markets---but our youngest children are gambling in Roblox, not prediction markets. What values are we inculcating in our children as they inhabit their first algorithmic nation? For my latest blog post, Branden and I decided to find out. We spent a week playing the 30 most trending games on Roblox. Watch the video below for a walkthrough of what we did and what we found, using MY MINING BRAINROTS as an example. What we found really surprised me. --Gambling-like mechanics are ubiquitous among the most popular games: the median game has 8! --Some of these mechanics are incredibly predatory. The worst is a "chained purchase" mechanic in which young children are enticed to spend digital currency to buy a good, only to discover that the purchase is just the first installment in an undisclosed sequence they must make to get the items they want. --The games all copy each other. They are not independently inventing these mechanics; rather, there's a shared underlying architecture of gambling being used by everyone. We conclude our piece with some recommendations for Roblox and policymakers. --Roblox should urgently experiment with alternative mechanics to help developers align on different, better models for designing and monetizing games. --Policymakers need access to systematic measurement of these bundles, and should take action to force transparency and potentially outlaw some or many of them. Lots more in our piece, linked in the reply below. Let us know what you think! We'll be doing a lot more work in this area.
7:08

People are debating gambling these days. A lot of the focus is on prediction markets---but our youngest children are gambling in Roblox, not prediction markets. What values are we inculcating in our children as they inhabit their first algorithmic nation? For my latest blog post, Branden and I decided to find out. We spent a week playing the 30 most trending games on Roblox. Watch the video below for a walkthrough of what we did and what we found, using MY MINING BRAINROTS as an example. What we found really surprised me. --Gambling-like mechanics are ubiquitous among the most popular games: the median game has 8! --Some of these mechanics are incredibly predatory. The worst is a "chained purchase" mechanic in which young children are enticed to spend digital currency to buy a good, only to discover that the purchase is just the first installment in an undisclosed sequence they must make to get the items they want. --The games all copy each other. They are not independently inventing these mechanics; rather, there's a shared underlying architecture of gambling being used by everyone. We conclude our piece with some recommendations for Roblox and policymakers. --Roblox should urgently experiment with alternative mechanics to help developers align on different, better models for designing and monetizing games. --Policymakers need access to systematic measurement of these bundles, and should take action to force transparency and potentially outlaw some or many of them. Lots more in our piece, linked in the reply below. Let us know what you think! We'll be doing a lot more work in this area.

Andy Hall

10,987 görüntüleme • 6 ay önce

Caller: I have a gambling addiction. I haven’t filed taxes in five years. About five years ago, I had $200,000 in gambling winnings. After that, I haven’t filed anything. ​Dave Ramsey: Do you still have a career? ​Caller: I'm retired. ​Dave Ramsey: Okay. Do you have any money? Anything? ​Caller: I've got almost $10,000 in my savings account. ​Dave Ramsey: But you don't have a nest egg other than your pension. ​Caller: No. ​Dave Ramsey: Do you own a home? ​Caller: Yes. About $13,000 is remaining on the mortgage. ​Dave Ramsey: What is it worth? ​Caller: About $300,000. ​Dave Ramsey: And how much is your pension income? ​Caller: $95,000 a year. ​Dave Ramsey: That's good. Are you married? ​Caller: No. ​Dave Ramsey: Have you done something about the gambling addiction itself? Have you quit gambling? ​Caller: I have not. ​Dave Ramsey: Okay. So whatever we do is going to be a temporary fix because that is going to cause further problems. Agreed? ​Caller: Yes, absolutely. ​Dave Ramsey: What kind of gambling are you doing? ​Caller: Slot machines. ​Dave Ramsey: Are you lonely? ​Caller: Yeah. I've been single for quite a while. ​Dave Ramsey: How old are you? Caller: 61. Dave Ramsey: From working with people addicted to anything, I know that 100% of addicts eventually have financial problems. The addiction consumes every department of your life, including your financials. ​I can help you with the money parts of it, but it is a temporary fix until you deal with this. It's not bringing you joy. If you were my buddy sitting down over a cup of coffee, here is what I would tell you to do: Step 1: Get in touch with the Gamblers Anonymous folks in your area. ​Step 2: Find a good local church and start developing a personal relationship with a pastor who can walk with you. ​Step 3: Find a one-on-one professional counselor to help dig into what is really going on so you can get to the other side of this.
4:30

Caller: I have a gambling addiction. I haven’t filed taxes in five years. About five years ago, I had $200,000 in gambling winnings. After that, I haven’t filed anything. ​Dave Ramsey: Do you still have a career? ​Caller: I'm retired. ​Dave Ramsey: Okay. Do you have any money? Anything? ​Caller: I've got almost $10,000 in my savings account. ​Dave Ramsey: But you don't have a nest egg other than your pension. ​Caller: No. ​Dave Ramsey: Do you own a home? ​Caller: Yes. About $13,000 is remaining on the mortgage. ​Dave Ramsey: What is it worth? ​Caller: About $300,000. ​Dave Ramsey: And how much is your pension income? ​Caller: $95,000 a year. ​Dave Ramsey: That's good. Are you married? ​Caller: No. ​Dave Ramsey: Have you done something about the gambling addiction itself? Have you quit gambling? ​Caller: I have not. ​Dave Ramsey: Okay. So whatever we do is going to be a temporary fix because that is going to cause further problems. Agreed? ​Caller: Yes, absolutely. ​Dave Ramsey: What kind of gambling are you doing? ​Caller: Slot machines. ​Dave Ramsey: Are you lonely? ​Caller: Yeah. I've been single for quite a while. ​Dave Ramsey: How old are you? Caller: 61. Dave Ramsey: From working with people addicted to anything, I know that 100% of addicts eventually have financial problems. The addiction consumes every department of your life, including your financials. ​I can help you with the money parts of it, but it is a temporary fix until you deal with this. It's not bringing you joy. If you were my buddy sitting down over a cup of coffee, here is what I would tell you to do: Step 1: Get in touch with the Gamblers Anonymous folks in your area. ​Step 2: Find a good local church and start developing a personal relationship with a pastor who can walk with you. ​Step 3: Find a one-on-one professional counselor to help dig into what is really going on so you can get to the other side of this.

Traeyz ♠️

1,051,570 görüntüleme • 2 ay önce

Polymarket vs Sportsbooks: Why Betting Apps are Toast On E248, Chamath and Friedberg discussed why prediction markets like Polymarket are killing traditional sportsbooks. Friedberg: “I think gambling generally, as we call it, should be decriminalized.” “And I don't like this state-by-state set up with gambling.” “I think we should have a federal regulatory body.” “This is not going away. People love to bet on stuff. This is part of sports, this is part of the culture.” Chamath: “ Look at Polymarket.” “Polymarket raised at, whatever it was, $1-2B at $9B. Then the next weekend they announced sports betting and now they're raising money 30 days later at, allegedly, $12-15B.” “And you can see, by the way, the way that DraftKings and FanDuel stock have reacted to this, those companies are toast.” Friedberg: “ The Polymarket model is the best model because it creates a market.” “And so as information flows in, that market will dynamically adjust and everyone will get a more fair price.” “Polymarket actually has the news before the news does.” “And this is one of the most powerful outputs of Polymarket, is they're actually getting a read on what's going on in the world before the media recognizes it, before the public recognizes it.” “When you put money up, it actually turns out that when people have incentives, that market will find the truth.”
1:04

Polymarket vs Sportsbooks: Why Betting Apps are Toast On E248, Chamath and Friedberg discussed why prediction markets like Polymarket are killing traditional sportsbooks. Friedberg: “I think gambling generally, as we call it, should be decriminalized.” “And I don't like this state-by-state set up with gambling.” “I think we should have a federal regulatory body.” “This is not going away. People love to bet on stuff. This is part of sports, this is part of the culture.” Chamath: “ Look at Polymarket.” “Polymarket raised at, whatever it was, $1-2B at $9B. Then the next weekend they announced sports betting and now they're raising money 30 days later at, allegedly, $12-15B.” “And you can see, by the way, the way that DraftKings and FanDuel stock have reacted to this, those companies are toast.” Friedberg: “ The Polymarket model is the best model because it creates a market.” “And so as information flows in, that market will dynamically adjust and everyone will get a more fair price.” “Polymarket actually has the news before the news does.” “And this is one of the most powerful outputs of Polymarket, is they're actually getting a read on what's going on in the world before the media recognizes it, before the public recognizes it.” “When you put money up, it actually turns out that when people have incentives, that market will find the truth.”

The All-In Podcast

348,251 görüntüleme • 11 ay önce

Asmongold on why the poggers community imploded, why he hates most of them, and what he does to make their lives worse "It's a bunch of weird virtue signaling freaks that care more about sponsorships than friendships and their entire personalities are fake..do u remember back in 2021 2022 when I was one of the only ppl that was like defending Adin Ross, Kai, Speed..reason why is bc I hate these other ppl, I hate everything they represent, I hate how they act, what they believe, their communities..I wanted to shift the way the culture was on streaming and I thought having a big streamer that defended them was the way to do it..cause I hate the community we had" "The gambling drama was the beginning of the end..created 2 different groups of ppl. And a lot of ppl didn't really care about gambling drama but they knew they could farm virtue signal points by saying bad things about gambling" "They're afraid of social media more than any other group of ppl..they are terrified of their audience..Twitch streamers are literally the bottom of the barrel..no worse group of ppl" "The way that I fix it..I try to create as unpleasant and as negative of an environment as possible for the ppl that I think are toxic or fake..anytime there's something bad that happens with them, I always try to make it worse bc my goal is to push them out of the community and make them retire, lose their audiences, or create a culture around hating on them that makes other ppl not want to associate"
5:21

Asmongold on why the poggers community imploded, why he hates most of them, and what he does to make their lives worse "It's a bunch of weird virtue signaling freaks that care more about sponsorships than friendships and their entire personalities are fake..do u remember back in 2021 2022 when I was one of the only ppl that was like defending Adin Ross, Kai, Speed..reason why is bc I hate these other ppl, I hate everything they represent, I hate how they act, what they believe, their communities..I wanted to shift the way the culture was on streaming and I thought having a big streamer that defended them was the way to do it..cause I hate the community we had" "The gambling drama was the beginning of the end..created 2 different groups of ppl. And a lot of ppl didn't really care about gambling drama but they knew they could farm virtue signal points by saying bad things about gambling" "They're afraid of social media more than any other group of ppl..they are terrified of their audience..Twitch streamers are literally the bottom of the barrel..no worse group of ppl" "The way that I fix it..I try to create as unpleasant and as negative of an environment as possible for the ppl that I think are toxic or fake..anytime there's something bad that happens with them, I always try to make it worse bc my goal is to push them out of the community and make them retire, lose their audiences, or create a culture around hating on them that makes other ppl not want to associate"

yeet

63,307 görüntüleme • 2 ay önce

🔥🚨BREAKING: I have created a summary of what is currently known about the FBI rigged sports betting probe that has been linked to the Mafia and several members of the NBA. “This was a sports rigging operation that spanned years across 11 states. In total, 30 individuals have been arrested (13 mafia members)” “The case involves La Cosa Nostra aka the Italian mafia” “LeBron James has been linked thanks to his friend Damon Jones who sold details of LeBron's injury status as part of a massive prop betting scheme, “Former Raptors player Jontay Porter was threatened for his life to participate in the sports gambling scheme because of his gambling debts.” “FBI been on this investigation for four years, with victims losing at least $7 million” “Terry Rozier said that he was going to leave a game early on March 23, 2023, with an injury. The defendants then placed more than $200,000 of wagers on the unders for his prop bets, with Rozier leaving the game after nine minutes. Those bets paid out tens of thousands of dollars in profits, and the defendants and Rozier counted the money at his house” “Special glasses that were used by the Mafia and NBA players, to rig poker games.” More details that are reported to ‘shock the world’ will be coming very soon.
1:01

🔥🚨BREAKING: I have created a summary of what is currently known about the FBI rigged sports betting probe that has been linked to the Mafia and several members of the NBA. “This was a sports rigging operation that spanned years across 11 states. In total, 30 individuals have been arrested (13 mafia members)” “The case involves La Cosa Nostra aka the Italian mafia” “LeBron James has been linked thanks to his friend Damon Jones who sold details of LeBron's injury status as part of a massive prop betting scheme, “Former Raptors player Jontay Porter was threatened for his life to participate in the sports gambling scheme because of his gambling debts.” “FBI been on this investigation for four years, with victims losing at least $7 million” “Terry Rozier said that he was going to leave a game early on March 23, 2023, with an injury. The defendants then placed more than $200,000 of wagers on the unders for his prop bets, with Rozier leaving the game after nine minutes. Those bets paid out tens of thousands of dollars in profits, and the defendants and Rozier counted the money at his house” “Special glasses that were used by the Mafia and NBA players, to rig poker games.” More details that are reported to ‘shock the world’ will be coming very soon.

Dom Lucre | Breaker of Narratives

109,488 görüntüleme • 11 ay önce

Want to win every single hand in Crimson Desert's gambling mini games and get RICH by breaking the laws of reality? Then make friendly with the Tommaso Mineral Vendor to get the ♦️Deceiver's Hat♦️!! This headpiece is OVERPOWERED, as it allows you to see the cards of your opponents every round of Duo/Five-Card with ZERO cooldown. Here's how to get it!⬇️ - Travel to Tommaso in Crimson Desert - Bring 20 copper pouches - Gift the pouches to Seratien, the Mineral Vendor - After reputation 100, buy the hat for 97 silver - Equip the hat and press the button when prompted to see your opponents' playing cards as many times as you wish This is a guaranteed way to make tons of silver very fast without ever having to invest into a high-risk bank account or steal gold bars off nobles, as the gambling games range from 30ish silver to 300 silver per pot depending on where you play. If you use this hat every time you play, you'll become the wealthiest person in Pywel. You'll also look cool, I mean just look at that monacle 🧐 Have fun! 🤠💰
2:17

Want to win every single hand in Crimson Desert's gambling mini games and get RICH by breaking the laws of reality? Then make friendly with the Tommaso Mineral Vendor to get the ♦️Deceiver's Hat♦️!! This headpiece is OVERPOWERED, as it allows you to see the cards of your opponents every round of Duo/Five-Card with ZERO cooldown. Here's how to get it!⬇️ - Travel to Tommaso in Crimson Desert - Bring 20 copper pouches - Gift the pouches to Seratien, the Mineral Vendor - After reputation 100, buy the hat for 97 silver - Equip the hat and press the button when prompted to see your opponents' playing cards as many times as you wish This is a guaranteed way to make tons of silver very fast without ever having to invest into a high-risk bank account or steal gold bars off nobles, as the gambling games range from 30ish silver to 300 silver per pot depending on where you play. If you use this hat every time you play, you'll become the wealthiest person in Pywel. You'll also look cool, I mean just look at that monacle 🧐 Have fun! 🤠💰

𝕯𝖗𝖊𝖆𝖉𝖗𝖔𝖇𝖊𝖗𝖙𝖘

71,597 görüntüleme • 5 ay önce

.Trainwreck is actually the biggest LARP in the gambling scene For years, he's been telling us how much more ethically superior he is to all the affiliate code pushers, but he's worse. He's a max win pusher, a clip farmer with hundreds of clippers on his payroll. He tells his followers not to believe the winning clips, yet he pays people to post them to promote himself, as well as Stake.com and Valkyrie Studio, which he co-owns. "If YoU aCtUaLLy wAtCh ThE sTrEaM, yOu'D rEaLiZe I aLwAys TeLL mY vIeWers nOt to GaMbLe." How fucking cute! Surely Train is smart enough to realize that very few people watch the full 8-to-12-hour stream compared to the millions that only see the 60-second clips on Twitter. Those people never see your warning. They only see the big wins. Even assuming the clip came with a warning, which is very rare, do you think words can stop that kind of dopamine hit? A high-adrenaline clip of a massive win changes your brain chemistry. It triggers excitement and greed instantly. A simple verbal warning of "don't gamble" cannot compete with that feeling. Train out of all people should be able to know that as a "real, authentic degen gambler" This man is so dangerous for the average gambler and the gambling scene, because this is someone who convinced an entire community that he's the good guy and that he cares about you. He doesn't. Trainwrecks is a LARP. Not in the sense that he uses fake money or does fake giveaways. He is the gambling community’s Homelander. That mf is not Superman. He’s not the hero he wants you to think he is.
1:04

.Trainwreck is actually the biggest LARP in the gambling scene For years, he's been telling us how much more ethically superior he is to all the affiliate code pushers, but he's worse. He's a max win pusher, a clip farmer with hundreds of clippers on his payroll. He tells his followers not to believe the winning clips, yet he pays people to post them to promote himself, as well as Stake.com and Valkyrie Studio, which he co-owns. "If YoU aCtUaLLy wAtCh ThE sTrEaM, yOu'D rEaLiZe I aLwAys TeLL mY vIeWers nOt to GaMbLe." How fucking cute! Surely Train is smart enough to realize that very few people watch the full 8-to-12-hour stream compared to the millions that only see the 60-second clips on Twitter. Those people never see your warning. They only see the big wins. Even assuming the clip came with a warning, which is very rare, do you think words can stop that kind of dopamine hit? A high-adrenaline clip of a massive win changes your brain chemistry. It triggers excitement and greed instantly. A simple verbal warning of "don't gamble" cannot compete with that feeling. Train out of all people should be able to know that as a "real, authentic degen gambler" This man is so dangerous for the average gambler and the gambling scene, because this is someone who convinced an entire community that he's the good guy and that he cares about you. He doesn't. Trainwrecks is a LARP. Not in the sense that he uses fake money or does fake giveaways. He is the gambling community’s Homelander. That mf is not Superman. He’s not the hero he wants you to think he is.

Xerct

83,770 görüntüleme • 3 ay önce

Our full conversation with Mike Dudas. 0:15 Market Bubble to $1B 1:00 Who is Mike Dudas? 5:01 From media founder to fund manager 6:37 CZ threatening to sue Mike “out of existence” 9:27 Every asset all at once 10:56 Mike Dudas and $TOAD 13:09 The word “scammer” has lost its meaning 14:21 Are memecoins a net-negative for crypto? 19:34 Gambling responsibly 21:01 Do we need to CTO crypto? 23:03 The narrative trading meta 24:40 Is watch to earn the next meta? 31:30 The future of watch to earn 34:46 Banks glazes Mike 35:06 Being the sole seed investor of pumpfun
37:44

Our full conversation with Mike Dudas. 0:15 Market Bubble to $1B 1:00 Who is Mike Dudas? 5:01 From media founder to fund manager 6:37 CZ threatening to sue Mike “out of existence” 9:27 Every asset all at once 10:56 Mike Dudas and $TOAD 13:09 The word “scammer” has lost its meaning 14:21 Are memecoins a net-negative for crypto? 19:34 Gambling responsibly 21:01 Do we need to CTO crypto? 23:03 The narrative trading meta 24:40 Is watch to earn the next meta? 31:30 The future of watch to earn 34:46 Banks glazes Mike 35:06 Being the sole seed investor of pumpfun

Market Bubble

46,515 görüntüleme • 1 ay önce

Matt Fitzpatrick thinks gambling is “definitely an issue” that’s affecting how fans behave at golf tournaments: “Yeah, it's a great question because you just look at all the messages people get -- footballers, tennis players, you name it, everyone's getting messages of, oh, you missed that penalty; you cost me this. Oh, you didn't make a birdie; cost me this. “I've had my fair share. I would say every golfer that's played a professional tournament has had a message of abuse from someone that is related to gambling. I mean, you could see it this week. You go and type in a player's name who maybe isn't playing well, maybe someone who's favored to play well, you type the name into Twitter and you'll just see their name followed by abuse after abuse after abuse. “It's difficult because I've had 20 quid on England to win the World Cup, but at the same time, if it doesn't come in, I'm not going to send a message to Harry Kane and be like, why did you play rubbish? There's obviously individuals that have that problem. “I don't know, obviously I don't condone gambling in the slightest. It doesn't -- it's not really for me. It's a thing that me and my mate do every World Cup and Euros, that's it. “For me, it's definitely becoming a problem and the issue is, particularly in golf, it would be very easy to influence a bet, whether it's you're shouting on someone's backswing, shouting on a putting stroke. It's really easy. Obviously that is really hard to monitor, but it is definitely an issue.” Matt Fitzpatrick The Open
1:54

Matt Fitzpatrick thinks gambling is “definitely an issue” that’s affecting how fans behave at golf tournaments: “Yeah, it's a great question because you just look at all the messages people get -- footballers, tennis players, you name it, everyone's getting messages of, oh, you missed that penalty; you cost me this. Oh, you didn't make a birdie; cost me this. “I've had my fair share. I would say every golfer that's played a professional tournament has had a message of abuse from someone that is related to gambling. I mean, you could see it this week. You go and type in a player's name who maybe isn't playing well, maybe someone who's favored to play well, you type the name into Twitter and you'll just see their name followed by abuse after abuse after abuse. “It's difficult because I've had 20 quid on England to win the World Cup, but at the same time, if it doesn't come in, I'm not going to send a message to Harry Kane and be like, why did you play rubbish? There's obviously individuals that have that problem. “I don't know, obviously I don't condone gambling in the slightest. It doesn't -- it's not really for me. It's a thing that me and my mate do every World Cup and Euros, that's it. “For me, it's definitely becoming a problem and the issue is, particularly in golf, it would be very easy to influence a bet, whether it's you're shouting on someone's backswing, shouting on a putting stroke. It's really easy. Obviously that is really hard to monitor, but it is definitely an issue.” Matt Fitzpatrick The Open

Flushing It

572,689 görüntüleme • 2 ay önce

I sat down with the co-founder and CEO of Kalshi (Tarek Mansour), a prediction market reportedly worth over $20 billion. After years of struggle, Kalshi won a regulatory battle, culminating with their successful suit to overturn a CFTC decision, giving them the ability to allow consumers to bet on politics, sports, weather, and more. Tarek shared the history of how he got here and what kind of company he had to build to weather all the uncertainty. I also got a chance to push him on Kalshi’s place in the world and its potential for positive or negative impacts. I was persuaded by his arguments that it can be a big force for good. We closed out by talking about his ideas around company building, hiring, and the future of Kalshi. Hope you enjoy. Timestamps: (0:00) Intro (0:23) Kalshi’s genesis (5:05) Regulation-focused from inception (11:06) Suing the government (18:02) Gambling vs. financial markets (20:58) Defining insider trading (25:38) Incentive structure of the system (32:40) Investing vs. trading (35:31) Using Kalshi for hedging (41:38) On keeping a lean team (44:02) Kalshi’s culture
47:48

I sat down with the co-founder and CEO of Kalshi (Tarek Mansour), a prediction market reportedly worth over $20 billion. After years of struggle, Kalshi won a regulatory battle, culminating with their successful suit to overturn a CFTC decision, giving them the ability to allow consumers to bet on politics, sports, weather, and more. Tarek shared the history of how he got here and what kind of company he had to build to weather all the uncertainty. I also got a chance to push him on Kalshi’s place in the world and its potential for positive or negative impacts. I was persuaded by his arguments that it can be a big force for good. We closed out by talking about his ideas around company building, hiring, and the future of Kalshi. Hope you enjoy. Timestamps: (0:00) Intro (0:23) Kalshi’s genesis (5:05) Regulation-focused from inception (11:06) Suing the government (18:02) Gambling vs. financial markets (20:58) Defining insider trading (25:38) Incentive structure of the system (32:40) Investing vs. trading (35:31) Using Kalshi for hedging (41:38) On keeping a lean team (44:02) Kalshi’s culture

Jack Altman

41,488 görüntüleme • 5 ay önce

WARREN BUFFETT JUST GAVE HIS SHARPEST MARKET WARNING IN YEARS AT THE BERKSHIRE HATHAWAY SHAREHOLDER MEETING His exact words on today's market: "The market always feels like a church with a casino attached. People can move between the church and the casino. There are more people in the church and more people in the casino, but the casino has gotten very attractive to people." "If you're buying one-day options or selling them, that is not speculating. That is gambling. Totally. There's nobody that can explain why they're buying an option for one day." "We've never had people in a more gambling mood than now." "That doesn't mean the thing is terrible, but it does mean that the prices for an awful lot of things will look very silly." The 95-year-old "Oracle of Omaha" is speaking today as Berkshire sits on roughly $380 billion in cash, the largest cash position in the company's history. Greg Abel is running the meeting as CEO for the first time. When asked what would create a juicy investment opportunity for him, Buffett's answer: "It's a phone call in some cases."
5:06

WARREN BUFFETT JUST GAVE HIS SHARPEST MARKET WARNING IN YEARS AT THE BERKSHIRE HATHAWAY SHAREHOLDER MEETING His exact words on today's market: "The market always feels like a church with a casino attached. People can move between the church and the casino. There are more people in the church and more people in the casino, but the casino has gotten very attractive to people." "If you're buying one-day options or selling them, that is not speculating. That is gambling. Totally. There's nobody that can explain why they're buying an option for one day." "We've never had people in a more gambling mood than now." "That doesn't mean the thing is terrible, but it does mean that the prices for an awful lot of things will look very silly." The 95-year-old "Oracle of Omaha" is speaking today as Berkshire sits on roughly $380 billion in cash, the largest cash position in the company's history. Greg Abel is running the meeting as CEO for the first time. When asked what would create a juicy investment opportunity for him, Buffett's answer: "It's a phone call in some cases."

FSMN

889,955 görüntüleme • 4 ay önce

Trainwrecks gambles with what is effectively fake money, and his entire streaming operation is a scam. If you are watching it, you're not watching real risk being taken. It's fake, and he's not risking anything meaningful. He sort of admits it in this clip from today, but I will elaborate a bit more, including responding to some of the points he made in the past. 1. Receipts aren't our business? You made it our business Of course, if this were personal financial records or your secret data, it would be no one's business. But you've made it our business by claiming you're transparent, claiming you show receipts, publicly claiming all the funds are legit. You can't have it both ways; you can't both claim transparency and back away from showing any real proof when closely interrogated. We dug into the receipts, and there are none You claim you show every withdrawal, but that's not true. There are transactions here and there for pennies, a few thousand being sent to giveaway winners, but there's not a single high value 10m+ transaction on the blockchain. No high value transaction being withdrawn or deposited in real time from or to Stake. There should be plenty if your deal is 20m a month, right? Where's the money? Where are the actual receipts? You offered, so please send them. 2. Manipulator and virtue signaler On many points you are a manipulator. (1) You claim there is a big security risk and that your life is at risk if you show withdrawals, when you've already stated your deal amount publicly and you gamble those very same amounts publicly. It's no secret that you have crypto. The only legitimate reason to not show proof is fear of getting caught or not having the proof in the first place. (2) You virtue signal about "never gamble" while being the biggest gambling promoter, causing tens of thousands of new people to gamble on destructive high house-edge slots. (3) You claim benevolence due to not shilling a referral code, but it's well known within the industry that shilling without a referral code actually boosts profits, due to the non-commercial and authentic feel of the promotion, leading to more overall revenue, and your upside is baked into your existing fee or a backend deal. Even in a hypothetical world where we concede the fake-balance point and assume it's raw, the balance is still fake We have clear contentions around whether the money is real or not, and no real proof has been shown. But even IF the money shown is real, the deal is still fake, for a more nuanced reason. The deal structure inherently forces you to gamble. That is not raw money in the sense that you can withdraw it or spend it on goods or services (what money is supposed to be); it's money that can only be spent gambling on Stake, which by definition makes it fake balance. You are big in the gambling world, but in the grand scheme of things you are small-time. We have looked at term sheets for Clavicular, Kanye, Andrew Tate, and even some bigger names that would surprise you. We know how the pricing works. Yet you publicly claim your payment is over 25 million a month, which is more than the price of any streamer, any politician, any celebrity we have ever encountered. We don't think this is real, but even if it is, the only way it can be is if the deal forces you to return most of the money to Stake, allowing them to recover most of the EV of what they pay you while getting tons and tons of gambling content out of it. 3. Fake gambling through forced rotation/wagering of money This essentially turns you into a giga gooner RTP simulator + content machine: you get paid 25m or more every month in money that you can't spend on a house or a car; it has to go towards gambling, so you wager it, lose in the long run, wager billions, Stake gets their content hours, and the viewers get the illusion of you constantly hitting big wins. The big-win clips are amplified massively, leading people to the biased illusion that they too can win big, while the constant drawn-out losses that happen the rest of the time are never tallied up or shown to most. This is evidenced by your wager count, which is between 10b and 20b, much higher than any real-money gambling streamer, with an expected loss in the hundreds of millions. Put more simply, the money is fake because if you didn't gamble it, Stake wouldn't give it to you; the deal would evaporate and the money would never be in your pocket, hence nonexistent.
0:24

Trainwrecks gambles with what is effectively fake money, and his entire streaming operation is a scam. If you are watching it, you're not watching real risk being taken. It's fake, and he's not risking anything meaningful. He sort of admits it in this clip from today, but I will elaborate a bit more, including responding to some of the points he made in the past. 1. Receipts aren't our business? You made it our business Of course, if this were personal financial records or your secret data, it would be no one's business. But you've made it our business by claiming you're transparent, claiming you show receipts, publicly claiming all the funds are legit. You can't have it both ways; you can't both claim transparency and back away from showing any real proof when closely interrogated. We dug into the receipts, and there are none You claim you show every withdrawal, but that's not true. There are transactions here and there for pennies, a few thousand being sent to giveaway winners, but there's not a single high value 10m+ transaction on the blockchain. No high value transaction being withdrawn or deposited in real time from or to Stake. There should be plenty if your deal is 20m a month, right? Where's the money? Where are the actual receipts? You offered, so please send them. 2. Manipulator and virtue signaler On many points you are a manipulator. (1) You claim there is a big security risk and that your life is at risk if you show withdrawals, when you've already stated your deal amount publicly and you gamble those very same amounts publicly. It's no secret that you have crypto. The only legitimate reason to not show proof is fear of getting caught or not having the proof in the first place. (2) You virtue signal about "never gamble" while being the biggest gambling promoter, causing tens of thousands of new people to gamble on destructive high house-edge slots. (3) You claim benevolence due to not shilling a referral code, but it's well known within the industry that shilling without a referral code actually boosts profits, due to the non-commercial and authentic feel of the promotion, leading to more overall revenue, and your upside is baked into your existing fee or a backend deal. Even in a hypothetical world where we concede the fake-balance point and assume it's raw, the balance is still fake We have clear contentions around whether the money is real or not, and no real proof has been shown. But even IF the money shown is real, the deal is still fake, for a more nuanced reason. The deal structure inherently forces you to gamble. That is not raw money in the sense that you can withdraw it or spend it on goods or services (what money is supposed to be); it's money that can only be spent gambling on Stake, which by definition makes it fake balance. You are big in the gambling world, but in the grand scheme of things you are small-time. We have looked at term sheets for Clavicular, Kanye, Andrew Tate, and even some bigger names that would surprise you. We know how the pricing works. Yet you publicly claim your payment is over 25 million a month, which is more than the price of any streamer, any politician, any celebrity we have ever encountered. We don't think this is real, but even if it is, the only way it can be is if the deal forces you to return most of the money to Stake, allowing them to recover most of the EV of what they pay you while getting tons and tons of gambling content out of it. 3. Fake gambling through forced rotation/wagering of money This essentially turns you into a giga gooner RTP simulator + content machine: you get paid 25m or more every month in money that you can't spend on a house or a car; it has to go towards gambling, so you wager it, lose in the long run, wager billions, Stake gets their content hours, and the viewers get the illusion of you constantly hitting big wins. The big-win clips are amplified massively, leading people to the biased illusion that they too can win big, while the constant drawn-out losses that happen the rest of the time are never tallied up or shown to most. This is evidenced by your wager count, which is between 10b and 20b, much higher than any real-money gambling streamer, with an expected loss in the hundreds of millions. Put more simply, the money is fake because if you didn't gamble it, Stake wouldn't give it to you; the deal would evaporate and the money would never be in your pocket, hence nonexistent.

Korra

38,323 görüntüleme • 18 gün önce

Q&A Questions 👇👇 Question #1 1:10 “Do you spend more time on Edge than what you used to with Oddsjam? And is there something you miss or something you had with Oddsjam?” Question #2 3:06 “What makes EdgeZone different than Oddsjam? Are you showing how to develop models on our own or just showing us yours? What's the latest ROI and W-L using EdgeZone? Any discounts or free trials for Black Friday?” Question #3 11:03 “How do you determine / plan your diversity of bets between arbs, EV, middles, sharp money, etc” Question #4 14:10 “Which books to hammer pregame vs which to stay away? When to bet player props vs main lines, etc. how to keep accounts from being limited, they all will at some point but how to make them last” Question #5 17:07 “When did you decide to move on from strictly arbitrage to move EV and model based bets, and how has the move been?” Question #6 21:12 “What’s the best advice you have for people who play DFS and struggle with the ups and downs of variance? My followers would appreciate this.🤝” Question #7 23:56 “Detecting first mover books vs insanely good EV spot? Even if you don’t get to it man, I know I’m still going to learn a ton from the video you drop. Thanks x as always!” Question #8 27:21 “Definitive answer (or reason for each) on which bet to place first. Have heard very reputable people say both sides.” Question #9 30:23 “Is onyx odds still good for a fresh account?” Question #10 30:55 “P2s and beyond ins and out.what will get u busted and what won't. How much can u milk out of each account and what landmines to avoid.” Question #11 32:33 “With the gambling deduction changes in the Big Beautiful Bill coming in 2026, are Edge Zone, Odds Jam, etc. still worthwhile?” Question #12 33:56 “(1) Thoughts on prediction market arbitrage/positive EV? 2nd question if you have time ⬇️ (2) Less EV/Arb opportunities next year with less sharps betting with the new gambling tax law? Thanks brotha!” Question #13 36:46 “Assuming you have P2's, how do you decide on the arrangement with the P2's? Do you do a % of profits, flat fee? And what's a normal amount of compensation? I'm at the crossroads of needing a new P2 as my current P2 is pretty limited and trying to figure out what to offer”
39:43

Q&A Questions 👇👇 Question #1 1:10 “Do you spend more time on Edge than what you used to with Oddsjam? And is there something you miss or something you had with Oddsjam?” Question #2 3:06 “What makes EdgeZone different than Oddsjam? Are you showing how to develop models on our own or just showing us yours? What's the latest ROI and W-L using EdgeZone? Any discounts or free trials for Black Friday?” Question #3 11:03 “How do you determine / plan your diversity of bets between arbs, EV, middles, sharp money, etc” Question #4 14:10 “Which books to hammer pregame vs which to stay away? When to bet player props vs main lines, etc. how to keep accounts from being limited, they all will at some point but how to make them last” Question #5 17:07 “When did you decide to move on from strictly arbitrage to move EV and model based bets, and how has the move been?” Question #6 21:12 “What’s the best advice you have for people who play DFS and struggle with the ups and downs of variance? My followers would appreciate this.🤝” Question #7 23:56 “Detecting first mover books vs insanely good EV spot? Even if you don’t get to it man, I know I’m still going to learn a ton from the video you drop. Thanks x as always!” Question #8 27:21 “Definitive answer (or reason for each) on which bet to place first. Have heard very reputable people say both sides.” Question #9 30:23 “Is onyx odds still good for a fresh account?” Question #10 30:55 “P2s and beyond ins and out.what will get u busted and what won't. How much can u milk out of each account and what landmines to avoid.” Question #11 32:33 “With the gambling deduction changes in the Big Beautiful Bill coming in 2026, are Edge Zone, Odds Jam, etc. still worthwhile?” Question #12 33:56 “(1) Thoughts on prediction market arbitrage/positive EV? 2nd question if you have time ⬇️ (2) Less EV/Arb opportunities next year with less sharps betting with the new gambling tax law? Thanks brotha!” Question #13 36:46 “Assuming you have P2's, how do you decide on the arrangement with the P2's? Do you do a % of profits, flat fee? And what's a normal amount of compensation? I'm at the crossroads of needing a new P2 as my current P2 is pretty limited and trying to figure out what to offer”

THEARBFATHER

47,710 görüntüleme • 10 ay önce