As much as I see these 'prediction markets' as thinly veiled gambling, I agree. What both have in common is a direct buyer and seller, a seller whom thinks the item will become worth less, and a buyer who thinks the opposite. Kalshi just skims the transaction fees.
If you view it in those terms, it's really not much different than the stock market/broker relationship. Surely someone will say 'well at least stocks are ownership', let me introduce you to derivatives.
The real question I guess is how we come to terms with house gambling/prediction markets/stock markets being three sides of the same coin and how to regulate that.
I find derivatives on stocks extremely weird. I do get idea of primary market with goods. That can be useful, even there secondary market might be reasonable. But once it goes beyond use by primaries maybe it should be banned. So you should hold or at least have clear plan to produce the goods you buy or sell. So at least one side of the trade would have to have real stake in the game. And everything should be delivered not just settled.
Having puts for stuff you do not have. Or buying calls from someone who does not have it just feels pure speculation thus gambling not hedging.
The distinction used to be that CFTC regulated event contracts require settlement against an objective outcome, while gambling is more about chance. But state AGs are arguing that when you bet on who wins an NBA game thats functionally identical to a sports bet regardless of the contract structure. Hard to disagree with that tbh.
Even then, trademark can only be used to prevent impersonation. I can put “better than Google” on my search engine, and as long as there is an obvious disassociation it is not trademark infringement. However, anyone can sue for anything with the goal of bankruptcy.
No, 100% would be equal to paying someone 50% of market rate. If market is $100k and someone was paid $80k, you could say “paid 80% market rate” or “25% less than market rate” (since a 25% pay increase would bring them to market rate)
No, in the same way that a 100% increase is a doubling, a 100% decrease is to zero.
If you said that the market rate was 100% more than the workers were being paid, that would be correct, but that's a different baseline and not what was stated in the title.
You're mixing up your baselines. I don't know how you got there in your second example. 25% less than "some number" is always (some number * (1 - 0.25)).
This is weight distribution on a flat plain. Think of Roman Arches.
On a curved plain, weight distribution of THIS origami falls apart as pressure is added horizontally (not just vertically).
I've made similar tessellations before, they can be curved. You can trivially make a pre-folded tessellation into a cylinder of arbitrary diameter; to curve it like a submarine, you'd just adjust the angle of the creases. Optimize the curve so the pressure is always perpendicular and there's no problem here.
The real issue here is that there's not much point in it, as the very thing that makes this useful (the ability to fold it up) would also make it collapse easily in a pressurized environment. You'd also have to deal with preventing leaks if you wanted air inside, likely by adding an outer hull, which would then defeat the purpose.
> Connect the dots. They fired American workers, brought in H1B’s from India while also increasing their offices in India. AI didn’t break Windows, cheaper labor and the effort to increase bottom line did.
It’s a little amusing that you bring up the current admin, without saying anything about the Biden admin in which the article timeframe occurs or the Obama admin that created a lot of the havoc we have now in personal health care.
Unfortunately, the U.S. has never had the best doctors in the world (outside of cancer treatment). Japan and Russia for example have much better healthcare. However, it has certainly gotten worse now that hospitals are taking advantage of the visa system and bringing over doctors/nurses from other countries to increase their own bottom line.
The regular cost increases are due to immigration (no insurance), medical coding system, and govt subsidies.
You would have to blow up the system and restart to make it affordable, but then that also means millions of jobs gone overnight, a historic market crash, and then no one would want to work in that field as pay would have to be substantially lower.
You also can’t go down the free healthcare route based on the above, along with govt being horrible with everything it touches that we would have a $50 trillion debt in a few years time.
Political games like this guy is playing drive me crazy, and then people believe him and don’t do any research.
This guy has a U.S. green card.
The letter from USCIS (immigration) is because he previously had a travel visa in his passport that is now invalid since he has a green card. He was claiming that he would protest the U.S. by entering on the visa rather than his green card - at the same time USCIS informed him that the visa was (correctly) being revoked (due to green card status)
Last time I checked the differentiator is whether skill is involved.