Gav
342 posts
@mansourtarek_ @PredictAction there are hundreds of ads being posted like this weekly if not more. kind of weird to beg for help and start a coalition when your company is built on illegal marketing practices. lol!
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@mansourtarek_ @PredictAction Last I checked if Coinbase pays for a sponsored post with an influencer / crypto news outlet, they are required disclose it with #ad or #sponsored. @Mansourtarek_ what is your explanation for all of the undisclosed Kalshi advertising happening on Instagram? Here is an example…
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Today we launched the Coalition for Prediction Markets @PredictAction alongside Cryptocom, Robinhood, Coinbase, and Underdog.
Millions of Americans have become active users of prediction markets, whether they trade or learn from the forecasts. These markets have emerged as the most powerful way to harness the wisdom of crowds and routinely outperform traditional polls. Economists, news networks (CNN, CNBC), journalists, policymakers, and passive readers now rely on them for high quality signal amongst the overwhelming noise of public discourse.
We created the Coalition with a simple mission: provide a voice for prediction markets against adverse legacy lobbying groups. The Coalition will also protect the transparency, market integrity, and customer protection standards that underpin the industry. We expect more industry players to join over the next few months.
Why now? With over 150B of annualized volume, prediction markets have quickly become one of the most important consumer internet applications. In recent months, lobby groups have attacked prediction markets and spread mis-information about how they work and how they’re regulated.
Just like how the bank lobby attacked crypto claiming it's “not safe”: the attacks on prediction markets aren’t about protecting consumers, they're about protecting monopolies and the profits they fear losing.
The Coalition will work with policymakers to educate the public about how prediction markets work and how they differ from casinos and sportsbooks. With prediction markets, there is no “house” and no penalty for winning. People trade in a transparent and competitive environment against each other, just like the stock market.
Prediction markets deserve the same rigor as any modern financial market – clear rules and federal oversight. The best way to protect consumers is to keep these markets federally regulated, with consistent guardrails.
Onwards.
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@rungoogleads @PerformanceMax the google partners bike might be the harder flex
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@gavrogs Might as well.
Also, you gotta release the webapp soon man, quick initial feedbacks are super important
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