Comment on Prediction market trader 'Magamyman' made $553,000 on death of Iran's supreme leader
Aceticon@lemmy.dbzer0.com 3 days agoYeah, the market predicts jack shit nothing until the insider trader enter it and the “market signal” due to the insider traders happen just before the actual events being “predicted” happen, making them a useless prediction unless you’re algorithmically gambling on a related domain.
HumanOnEarth@lemmy.ca 3 days ago
That’s incredibly shortsighted and just wrong.
Are you saying Vegas odds do jack shit in predicting sports outcomes?
Same exact thing. Just more naked to insider manupulation. Which is the point.