Wallace White, DCNF – Genesis Wealth Defense https://genesiswealthdefense.com There's a thin line between ringing alarm bells and fearmongering. Sat, 19 Oct 2024 23:01:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://genesiswealthdefense.com/wp-content/uploads/2024/09/cropped-Money-32x32.jpg Wallace White, DCNF – Genesis Wealth Defense https://genesiswealthdefense.com 32 32 237551656 ‘Influenced’: Handful of Bettors Dump Millions on Trump, Massively Skewing Betting Odds https://genesiswealthdefense.com/influenced-handful-of-bettors-dump-millions-on-trump-massively-skewing-betting-odds/ https://genesiswealthdefense.com/influenced-handful-of-bettors-dump-millions-on-trump-massively-skewing-betting-odds/#respond Sat, 19 Oct 2024 23:01:30 +0000 https://genesiswealthdefense.com/influenced-handful-of-bettors-dump-millions-on-trump-massively-skewing-betting-odds/ DCNF(DCNF)—A handful of bettors are putting up millions of dollars on former President Donald Trump winning the election, skewing what some consider a metric for predicting the election massively to one side.

The users “Fredi9999,” “Theo4,” “PrincessCaro” and “Michie” make up $26 million in bets for Trump on popular betting site Polymarket, The Wall Street Journal first discovered Friday. Currently, Polymarket predicts that Trump has a 60% chance of winning the 2024 election, compared to only a 39.8% chance of Vice President Kamala Harris winning, a massive difference from the comparatively even odds predicted around October.

Some people, such as billionaire and Trump supporter Elon Musk, see the betting markets as a reflection of the reality of the election more than the polls. Experts are still divided on whether staking real money makes betting markets more accurate than polling, according to Fortune Friday.

“Unlike polls, prediction markets can be influenced by the interests of a small number of large players, as appears to be happening [on Polymarket],” Ryan Waite, vice president of public affairs at the public affairs consultancy Think Big, told Fortune. “The limitation here is that prediction markets often attract a specific kind of participant: people interested in betting who might not reflect the broader population and they can be influenced by deep pockets, overconfident individuals or herd mentality.”

On Polymarket, people can buy “shares” on what they think is the most likely outcome of the election, with rise and fall depending on demand, according to Fortune. Nicholas Creel, an associate professor of business law at Georgia College & State University told Fortune that Polymarket attracts a certain type of person and leaves out the general population.

“In Polymarket in particular, you don’t have a particularly large or diverse crowd of people,” Creel said. “A large driver of this is that the exchange requires users to bet with cryptocurrency, which the vast majority of the population has little to no familiarity with. Cryptocurrency tends to be something mostly loved by those on the far right, particularly your libertarian types.”

Some experts even think that the sway in odds on the betting platform is part of a broader operation to boost Trump’s favorability.

“I believe there has been a coordinated effort to change the perception of this race,” Tom Bonier, senior adviser at research firm TargetSmart, told Fortune. “A central argument has emerged in the closing weeks of this campaign: strength versus weakness. Donald Trump’s persona, and therefore his support from voters, relies on being seen as strong. But if the public perception is that he will lose, that all falls apart.”

Polymarket did not immediately respond to the Daily Caller News Foundation’s request for comment.

Featured Image: Screen Capture/CSPAN

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NYC Illegal Aliens Are Being Offered Thousands of Dollars to Leave Shelters https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters/ https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters/#respond Sun, 08 Sep 2024 16:03:18 +0000 https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters/ DCNF(DCNF)—New York City is giving out payments and gift cards to migrants to obtain permanent housing and move out of city-operated shelters, Fox News Digital reported on Saturday.

The NYC Department of Homeless Services (DHS) offered 150 families $4,000 each through the Asylee Moveout Assistance (AMA) program to pay for housing, as well as up to $1,000 in gift cards for necessities and moving expenses, according to Fox News Digital. The AMA program pilot began in December 2023 in partnership with city shelters that housed asylum seekers.

“The city is using every tool at its disposal to implement innovative and cost-effective solutions to help recently-arrived asylum seekers residing in shelters take the next steps in their journey,” a Department of Social Services (DSS) spokesperson told Fox News Digital. “Since December, DSS has been working with a few not-for-profit providers operating emergency sites to pilot a new effort to reduce barriers to obtaining housing by helping asylum-seeking families who have identified permanent housing with the upfront cost of moving into their new home.”

To be eligible for the payouts, the migrants must be asylum seekers or pregnant women in select DHS shelters who have identified permanent housing, according to Fox News Digital. The $4,000 can cover security deposits, moving expenses, first and last month’s rent and household necessities.

“This is a very small pilot only available to asylum-seeking families in select emergency shelters operated by DHS,” the DSS spokesperson told Fox News Digital. “This is not a citywide effort and not available to migrant families residing across the shelter system,”

Migrants who return to the shelters would not be eligible to receive the payment again, according to Fox News Digital. The funding for the program comes from existing funds within the agency and no city funding is used, the DSS spokesperson told Fox News Digital.

Since the spring of 2022, at least 201,200 migrants have come to New York City, with more than 65,000 in the care of the city, ABC 7 reported in June. New York City has spent $4.6 billion on projects, a city spokesperson told the outlet.

The DHS did not immediately respond to the Daily Caller News Foundation’s request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

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NYC Illegal Aliens Are Being Offered Thousands of Dollars to Leave Shelters https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters-2/ https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters-2/#respond Sun, 08 Sep 2024 16:03:18 +0000 https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters-2/ DCNF(DCNF)—New York City is giving out payments and gift cards to migrants to obtain permanent housing and move out of city-operated shelters, Fox News Digital reported on Saturday.

The NYC Department of Homeless Services (DHS) offered 150 families $4,000 each through the Asylee Moveout Assistance (AMA) program to pay for housing, as well as up to $1,000 in gift cards for necessities and moving expenses, according to Fox News Digital. The AMA program pilot began in December 2023 in partnership with city shelters that housed asylum seekers.

“The city is using every tool at its disposal to implement innovative and cost-effective solutions to help recently-arrived asylum seekers residing in shelters take the next steps in their journey,” a Department of Social Services (DSS) spokesperson told Fox News Digital. “Since December, DSS has been working with a few not-for-profit providers operating emergency sites to pilot a new effort to reduce barriers to obtaining housing by helping asylum-seeking families who have identified permanent housing with the upfront cost of moving into their new home.”

To be eligible for the payouts, the migrants must be asylum seekers or pregnant women in select DHS shelters who have identified permanent housing, according to Fox News Digital. The $4,000 can cover security deposits, moving expenses, first and last month’s rent and household necessities.

“This is a very small pilot only available to asylum-seeking families in select emergency shelters operated by DHS,” the DSS spokesperson told Fox News Digital. “This is not a citywide effort and not available to migrant families residing across the shelter system,”

Migrants who return to the shelters would not be eligible to receive the payment again, according to Fox News Digital. The funding for the program comes from existing funds within the agency and no city funding is used, the DSS spokesperson told Fox News Digital.

Since the spring of 2022, at least 201,200 migrants have come to New York City, with more than 65,000 in the care of the city, ABC 7 reported in June. New York City has spent $4.6 billion on projects, a city spokesperson told the outlet.

The DHS did not immediately respond to the Daily Caller News Foundation’s request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

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NYC Illegal Aliens Are Being Offered Thousands of Dollars to Leave Shelters https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters-3/ https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters-3/#respond Sun, 08 Sep 2024 16:03:18 +0000 https://genesiswealthdefense.com/nyc-illegal-aliens-are-being-offered-thousands-of-dollars-to-leave-shelters-3/ DCNF(DCNF)—New York City is giving out payments and gift cards to migrants to obtain permanent housing and move out of city-operated shelters, Fox News Digital reported on Saturday.

The NYC Department of Homeless Services (DHS) offered 150 families $4,000 each through the Asylee Moveout Assistance (AMA) program to pay for housing, as well as up to $1,000 in gift cards for necessities and moving expenses, according to Fox News Digital. The AMA program pilot began in December 2023 in partnership with city shelters that housed asylum seekers.

“The city is using every tool at its disposal to implement innovative and cost-effective solutions to help recently-arrived asylum seekers residing in shelters take the next steps in their journey,” a Department of Social Services (DSS) spokesperson told Fox News Digital. “Since December, DSS has been working with a few not-for-profit providers operating emergency sites to pilot a new effort to reduce barriers to obtaining housing by helping asylum-seeking families who have identified permanent housing with the upfront cost of moving into their new home.”

To be eligible for the payouts, the migrants must be asylum seekers or pregnant women in select DHS shelters who have identified permanent housing, according to Fox News Digital. The $4,000 can cover security deposits, moving expenses, first and last month’s rent and household necessities.

“This is a very small pilot only available to asylum-seeking families in select emergency shelters operated by DHS,” the DSS spokesperson told Fox News Digital. “This is not a citywide effort and not available to migrant families residing across the shelter system,”

Migrants who return to the shelters would not be eligible to receive the payment again, according to Fox News Digital. The funding for the program comes from existing funds within the agency and no city funding is used, the DSS spokesperson told Fox News Digital.

Since the spring of 2022, at least 201,200 migrants have come to New York City, with more than 65,000 in the care of the city, ABC 7 reported in June. New York City has spent $4.6 billion on projects, a city spokesperson told the outlet.

The DHS did not immediately respond to the Daily Caller News Foundation’s request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

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