2 weeks ago
Among the bets the characters made successful the animated bid included whether the fictional babe created by Donald Trump and Satan was a lad oregon a girl.
The animated bid South Park already kicked disconnected its 27th play by ripping into cryptocurrencies and politics, and its astir caller occurrence acceptable its sights connected prediction marketplace apps.
In its occurrence titled Conflict of Interest, which aired connected Wednesday, the characters successful South Park’s simple schoolhouse engaged successful a statement implicit the merits of prediction markets and the relation US regulators had successful overseeing them.
Among the bets they made connected a Kalshi- oregon Polymarket-type app included guessing schoolhouse lunches, the result of conflicts betwixt Israel and Palestine and whether a fictional babe was a lad oregon a girl.
The amusement besides poked amusive astatine the individuals successful complaint of prediction markets and US regulators, including the US Commodity Futures Trading Commission (CFTC) and Federal Communications Commission (FCC), claiming they were “highly nonrecreational strategical advisers,” portion portraying a quality resembling Donald Trump Jr., who joined Polymarket’s advisory board successful August.
Fictional Kalshi stake featured connected the latest occurrence of South Park. Source: Comedy CentralSouth Park has regularly incorporated cryptocurrency and blockchain themes into its satire. Past episodes person featured US President Donald Trump’s connections to crypto, labeled Bitcoin (BTC) a “fly-by-night Ponzi scheme,” and and made amusive of radical investing successful non-fungible tokens (NFTs).
Related: South Park destroys Matt Damon's Crypto.com advertisement successful play premiere
The show’s 27th play launched aft its owner, Paramount Global, reached a $16 cardinal colony with Trump implicit allegations of deceptive editing successful an interview. The amusement consistently mocks the US president.
Federal scrutiny of prediction markets seems to beryllium waning successful the US
Kalshi had been engaged successful a ineligible conflict with the CFTC aft the US regulator ordered the institution to halt offering governmental lawsuit contracts successful 2023. A little tribunal ruled successful favour of Kalshi, prompting a CFTC appeal, which the regulator moved to drop successful May portion nether acting Chair Caroline Pham.
Polymarket has likewise fared good with the CFTC nether Pham. On Sept. 3, the fiscal regulator issued a no-action letter for 2 Polymarket entities, allowing the institution to connection lawsuit contracts without reporting the information required nether US regulations, without the menace of enforcement.
Polymarket CEO Shayne Coplan said astatine the clip that the CFTC’s enactment had fixed Polymarket “the greenish airy to spell unrecorded successful the USA.”
Magazine: How bash the world’s large religions presumption Bitcoin and cryptocurrency?
English (US) 