polymarket is janky as fuck apparently

[Dan Druff]

The most bizarre arguments comes from the pseudointellectuals on X saying, "Well yeah there's insider trading on Polymarket, but that's a feature, not a bug. Insider trading needs to exist on these platforms to work. If you don't understand this, you're stupid."



There is never an excuse to allow insider trading.

While it's true that these markets all need a market maker, which does require the platform itself to do booking of these bets in many cases, that's not the same as insider trading.

Also, there are tons of ways to use this platform to launder money, by simpy multiaccounting and taking both sides in every market you bet.

[sonatine]

The most bizarre arguments comes from the pseudointellectuals on X saying, "Well yeah there's insider trading on Polymarket, but that's a feature, not a bug. Insider trading needs to exist on these platforms to work. If you don't understand this, you're stupid."



There is never an excuse to allow insider trading.

While it's true that these markets all need a market maker, which does require the platform itself to do booking of these bets in many cases, that's not the same as insider trading.

Also, there are tons of ways to use this platform to launder money, by simpy multiaccounting and taking both sides in every market you bet.

the insider trading is insane and its an obvious extension of grift culture, which is very much en vogue right now.


for me the real issue is that they are being marketed to people who have absolutely no idea how or why to avoid obviously juked lines or have no idea how sports betting works and the thrust of the ad campaigns are literally "oh you need money? just run it up on prediction markets you fucking idiot".


a lot of these people are going to lose their life rolls and end up with nothing but a backpack and a fent pill to stay warm at night before their 30th birthdays.


and if we dont come up with a state sponsored solution to catch these people on the way down or regulate the prediction market industry, all those homeless drug addicts are 100% going to end up camping on the sidewalks until they die.

[sonatine]

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[sonatine]

The most bizarre arguments comes from the pseudointellectuals on X saying, "Well yeah there's insider trading on Polymarket, but that's a feature, not a bug. Insider trading needs to exist on these platforms to work. If you don't understand this, you're stupid."



There is never an excuse to allow insider trading.

While it's true that these markets all need a market maker, which does require the platform itself to do booking of these bets in many cases, that's not the same as insider trading.

Also, there are tons of ways to use this platform to launder money, by simpy multiaccounting and taking both sides in every market you bet.

Embedded Tweet

https://twitter.com/boneGPT/status/2011670547625603393

[Tellafriend]

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