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Comment on Insider trading, but make it worse

I prefer seeing these as predictive markets than (only) degenerate gambling. They’ve been shown to be pretty accurate in predicting a lot of things. Can be useful crowdsourcing gut checks.

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CosmoNova@lemmy.world ⁨3⁩ ⁨days⁩ ago
I prefer seeing them regulated out of existence because it‘s just unchained sports bets in the worst way possible and poison to society.

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- Arrkk@lemmy.world ⁨3⁩ ⁨days⁩ ago
  This is why I only pay attention to manifold, it’s funny money only, salty bet style, actually just fun instead of a horrifying gambling addiction.
  
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- explodicle@sh.itjust.works ⁨3⁩ ⁨days⁩ ago
  You can regulate them down, but they’ll always exist on the dark web.
  
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Skankhunt420@sh.itjust.works ⁨2⁩ ⁨days⁩ ago
They’ve also had whales manipulate the odds to win even if they actually loose.

coinmarketcap.com/…/polymarket-reports-unpreceden…

So you can predict that rich assholes will come out on top every single time and with that metric sure it can be a predictive market. But not accurate.

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