These comparisons misunderstand, or perhaps underestimate, how markets work.
Demand for cannabis and alcohol is ubiquitous, strong.
Demand for each individual betting market, diminishingly rare.
Good luck finding the bookie at work or in your college class taking $10k in action on whether the Shah of Iran is still the Shah next week…
Banning the clearnet-based convenience, scale and breadth of market participants these services offer would immediately put a huge dent in most markets - non-sport especially.
Whether the black market and cryptocurrency-based sites outside of the clearnet would start to fill in, remains to be seen.
There has never been anything near the scale of Poly or Kalshi on “darkweb”.
Demand for cannabis and alcohol is ubiquitous, strong.
Demand for each individual betting market, diminishingly rare.
Good luck finding the bookie at work or in your college class taking $10k in action on whether the Shah of Iran is still the Shah next week…
Banning the clearnet-based convenience, scale and breadth of market participants these services offer would immediately put a huge dent in most markets - non-sport especially.
Whether the black market and cryptocurrency-based sites outside of the clearnet would start to fill in, remains to be seen.
There has never been anything near the scale of Poly or Kalshi on “darkweb”.