Comment on Insider trading, but make it worse

fox2263@lemmy.world ⁨4⁩ ⁨days⁩ ago

• abcd@feddit.org ⁨4⁩ ⁨days⁩ ago

  It seems to be this site: polymarket.com

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  • naeap@sopuli.xyz ⁨4⁩ ⁨days⁩ ago

    How does this work?

    Who verifies, that a bet is done and which statement was correct?

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    • InnerScientist@lemmy.world ⁨4⁩ ⁨days⁩ ago

      Somehow

      docs.polymarket.com/…/how-are-markets-resolved

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      • Saapas@piefed.zip ⁨4⁩ ⁨days⁩ ago

        I… what? And they’re using Discord to discuss stuff? Sounds legit 

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      • socsa@piefed.social ⁨3⁩ ⁨days⁩ ago

        Oh God, it’s even more idiotic than I could have possibly imagined.

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      • naeap@sopuli.xyz ⁨4⁩ ⁨days⁩ ago

        Thank you very much for the explanation!

        Although I find 2h a bit short, especially for small betting pools, where there is a high chance that mostly people sleep, work or do something else

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      • fartographer@lemmy.world ⁨4⁩ ⁨days⁩ ago

        So, I can bet on whether I’m gonna shit my pants this year? Great way to lift my spirits if I were to shit my pants.

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    • nameisnotimportant@sh.itjust.works ⁨4⁩ ⁨days⁩ ago

      I’m wondering the same thing as well, seems very risky

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• SpaceNoodle@lemmy.world ⁨4⁩ ⁨days⁩ ago

  So goodbye to your money for me

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  • explodicle@sh.itjust.works ⁨3⁩ ⁨days⁩ ago

    There’s some bets I wouldn’t mind losing.

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    • SpaceNoodle@lemmy.world ⁨3⁩ ⁨days⁩ ago

      Hate to have to break it to you, but placing bets doesn’t alter the outcome.

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      • explodicle@sh.itjust.works ⁨3⁩ ⁨days⁩ ago

        When the total amount wagered is large relative to the event, it creates an incentive for people to do things about it.

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• markovs_gun@lemmy.world ⁨3⁩ ⁨days⁩ ago

  Kalshi is the other big one

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