3 ms·

You can also profit off regular gambling and manipulation by buying stocks in gambling companies.

• bbor 2y ago
  Or really day trading in its entirety, IMHO. Imagine I had a casino game that all the best experts insist you have slim-to-no chance of beating the odds on, and that countless hordes of people just like you have lost their life savings on. Is it not gambling just because you have a system for picking a spot on the roulette wheel?
  • freefaler 2y ago
    Not really. The house takes 2% of the winnings (current polymarket fee structure). You're betting against other people, not against the house. If you are correct and especially if you know something that other people don't know you may take a very large percentage of the pool. So this is a more "merit" based system when critical thinking and correct prediction pay well.
• freefaler 2y ago
  Every prediction market has a resolution date. Stock market does not. In that sense the prediction market "predicts" an external event on a particular date and this is the big difference. Stocks may rise of fall based on the perception of the market. A bet would get resolved based not on the perception of the people, but on the event itself. (or on the UMA dispute vote, but mostly the system is working). That's why it doesn't matter how skewed/wrong a particular bet is (like Trump chances). If your think that the market is wrong, you get a better return on your money. And the resolution date + smart contract creates the possibility to earn if you are correct.
  • Retr0id 2y ago
    However, many stocks pay dividends at fixed intervals, based on objective metrics.