No matter how much Polymarket pretends to be against this, it’s exactly how it’s supposed to work.
I know people call it glorified betting, and a ton of it is…but you can’t deny the reality that an anonymous crypto based being system is bound to be one of the best predictors of major events. For exactly the reason that insiders will inevitably find a way to make money off their knowledge.
Everyone gets their panties in a bunch about it, but I find it a fascinating experiment on manipulating greed.
As others have said, prediction markets are not the stock market, there is no insider trading. Insider information makes the market more accurate. It’s external places, like the military, that may or may not have rules.
Want to know why it’s not regulated? Look at the board for the two biggest players.
No matter how much Polymarket pretends to be against this, it’s exactly how it’s supposed to work.
I know people call it glorified betting, and a ton of it is…but you can’t deny the reality that an anonymous crypto based being system is bound to be one of the best predictors of major events. For exactly the reason that insiders will inevitably find a way to make money off their knowledge.
Everyone gets their panties in a bunch about it, but I find it a fascinating experiment on manipulating greed.
It’s a spying tool that inteligence agencies tried to implement in foreign countries before, but failed. You brought it on yourself.
Also, its often self-fullfiling profecy. And it’s not as accurate as they claim.
As others have said, prediction markets are not the stock market, there is no insider trading. Insider information makes the market more accurate. It’s external places, like the military, that may or may not have rules.
Want to know why it’s not regulated? Look at the board for the two biggest players.