Comment on Insider trading, but make it worse

• InnerScientist@lemmy.world ⁨1⁩ ⁨month⁩ ago

  Somehow

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

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  • Saapas@piefed.zip ⁨1⁩ ⁨month⁩ ago

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

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  • socsa@piefed.social ⁨1⁩ ⁨month⁩ ago

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

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    • Skankhunt420@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      Its even worse than that

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

      The whales can manipulate the bets and make themselves win even if it doesn’t happen.

      I love crypto, but this shit is a pure scam.

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  • naeap@sopuli.xyz ⁨1⁩ ⁨month⁩ 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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    • InnerScientist@lemmy.world ⁨1⁩ ⁨month⁩ ago

      I also read that there’s some rule chaneges (on what is considered yes/no) by polymark on some bets and general complaints, don’t know if those are just sore losers or valid but I’d read up on that if you want to bet on the platform, I never used the service.

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  • fartographer@lemmy.world ⁨1⁩ ⁨month⁩ 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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    • InnerScientist@lemmy.world ⁨1⁩ ⁨month⁩ ago

      You’d have to convince enough people that you aren’t going to shit your pants first “@fartographer@lemmy.world”

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      • fartographer@lemmy.world ⁨1⁩ ⁨month⁩ ago

        Hey y’all. It’s been a while since I’ve shit my pants. And I really think I can make it a full year this time!

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• nameisnotimportant@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

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

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