Profile· Neutral@myonchan88On Ethos

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· Influence factor 0, above 0% of accountsWhat people say
Received · 0Given · 3“Criticism & Risks of Kalshi”1. Regulations and legal status are not always clear in all regions. Although Kalshi is regulated by the CFTC as a Designated Contract Market , some states in the US consider that some types of contracts offered — particularly those related to sports — could be categorized as gambling and require local licensing. Business Insider There have been cases where state authorities have issued cease-and-desist orders to stop Kalshi operations within their jurisdictions. Massachusetts sued Kalshi for allegedly running an illegal sports wagering operation in the state. Reuters 2. The ambiguity between prediction markets vs gambling Critics have noted that Kalshi's interface, marketing, and the way contracts are sold sometimes resemble those of sportsbooks. For example, the use of words similar to "bet" in advertising campaigns, or the display of odds in a sportsbook style, can be confusing or misleading to users. There are concerns that due to the “yes/no” and “binary outcome” nature of event contracts, the risk of gambling addiction or significant losses may be higher, especially if there is no education or restrictions for users. 3. Low liquidity and transaction costs Many users report that some markets/contracts on Kalshi have low liquidity, which means it is difficult to open or close positions at a “fair” price — large slippage can occur . Fees and spreads are in some cases considered quite high compared to potential profits, especially for small traders or markets with few participants. 4. Dependence on regulation – changes can be detrimental to users Because Kalshi's activities are highly dependent on regulatory status at various levels (federal vs. state), new legal or regulatory decisions could change access, the types of markets allowed to sell, the minimum age of users, or even halt operations in a region. Users may experience immediate impacts: accounts frozen (held), withdrawals delayed due to identity or compliance verification procedures, or contracts closed/changed due to regulations. 5. Lack of transparency / user complaints There have been reports from users that contracts sometimes change while the market is still running, or that contract terms are changed suddenly. This can be detrimental if the changes affect the expected outcome. JustUseApp Customer service is sometimes perceived as less than responsive by some users. Some reviews also mention "glitches" or technical issues with the app, including transactions or cash flows that don't meet expectations.
on Kalshi · 1697· 1y ago · negative11
on Kalshi · 1697· 1y ago · negative11“new crypto project”I'm very impressed with Aster Coin! As a relatively new crypto project, Aster Coin shows great potential. The technology behind it is very innovative, and the ecosystem it's built on feels solid. Aster Coin (ASTR) is one of the crypto projects that I consider very promising. With solid blockchain technology, Aster Coin offers a decentralized solution that is highly relevant for today's digital world. One of the things that makes Aster Coin attractive is its focus on scalability and transaction speed, allowing users to conduct transactions with low fees and very fast processing times. Furthermore, Aster Coin continues to innovate with new features that make it even more attractive to investors and users. The development team is very responsive, transparent, and active in providing updates, which adds to my confidence in this project. The ecosystem built around Aster Coin is also very promising, with many potential blockchain applications that can benefit from Aster. For me, Aster Coin is not just a short-term investment, but a project with bright long-term prospects. This is a suitable coin for those looking to invest in cryptocurrencies with strong fundamentals and a competent team. If you're looking for a stable and promising investment opportunity, Aster Coin is a very worthy option to consider.
on Aster 🥷 · 1517· 1y ago7
on Aster 🥷 · 1517· 1y ago7“"Acquaintance with Axiom – Additional Brains for Smart Contracts!"”1/ 🚀 What is Axiom? Axiom is a protocol that allows smart contracts to access legacy data and perform heavy computation efficiently with zero-knowledge proofs (ZKPs). 2/ 💡 Problems solved: Smart contracts can't read legacy data (historical data) On-chain computation is very expensive (high gas fees) Limited privacy 3/ 🔧 Axiom's solution: Computation is done off-chain ZK proofs are generated Verification is done on-chain → results are valid & save gas! 4/ 📊 Use Cases: Voting applications Reputation-based DeFi Smart contracts that require historical wallet/transaction data 5/ 💰 Funding: Axiom has raised $20 million in backing from major investors like Paradigm, Standard Crypto, and others. 6/ ❗ But remember: There's no official token yet The technology is still new The ecosystem is still developing 7/ 🧠 Bottom line: Axiom = making smart contracts smarter & more efficient.
on Axiom · 1463· 1y ago2
on Axiom · 1463· 1y ago23 of 3 · most upvoted first
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