Works as intended.
this post was submitted on 31 Jan 2026
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Exactly. These prediction markets aren't meant to be "fair", they're meant to entice knowledgeable people to expose their knowledge to the world by providing them a way to monetize exposing that knowledge. Insider trading is encouraged here.
you make more (consistent) $ just knowing what a spread is. with how this stuff works you should make your $ and be de-risked before the actual event/date goes off, you just need liquidity/volatility to trade into same as the stock market
polymarket is just gambling for people who don't want to admit they have gambling problem and ~~have delusions of propethood~~ think that their supreme rationality allows them to predict future
Polymarket isn’t gambling. It’s a bounty system.
Large bets are leaked information. The “prediction market” bullshit is to keep from getting prosecuted for offering bribes. No one cares if the people accepting bribes are too dumb to avoid getting caught.
Eh, I think there is also some insider betting that goes on. Like, how hard would it be for someone with classified knowledge of attack plans to bet some country is going to get bombed right before pushing the button?
not hard, but it easily becomes classified info leak source which is what it looks like it is investigated as here
I don't think the majority of people ever viewed Polymarket as anything but gambling.
you're on lemmy which means you're around non-idiots a bit more often than usual. normal people don't use adblocks and treat chatbots like literal magic, you have to lower your expectations