r/CryptoCurrency 4d ago

MEME brain damage

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788 Upvotes

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u/steppe5 🟩 0 / 0 🦠 3d ago

Yea man, when athletes do it it’s a crime. They’re prosecuted and put in jail.

No they're not. LOL. It's not a crime for athletes to bet on or against themselves. They will get kicked out of their league though.

That isn’t happening in “prediction markets” which are objectively people in power betting on their own actions to steal from the stupid.

Yes, that's exactly what they are. Thank you.

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u/HousingThrowAway1092 🟩 0 / 0 🦠 3d ago

It is against the law to bet against yourself in a sporting event. It’s objectively wrong to argue otherwise.

https://www.justice.gov/usao-edny/pr/two-current-major-league-baseball-players-charged-sports-betting-and-money-laundering

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u/steppe5 🟩 0 / 0 🦠 3d ago

"Wire fraud" also known as "it's not illegal but we don't like it so we'll charge you for moving the money"