3 ms·
Polymarket's purpose was specifically to let the best of the best take the pot by predicting events with real world impact. So, ideally, it's "gambling" in the
by ACCount37 10mo ago
Polymarket's purpose was specifically to let the best of the best take the pot by predicting events with real world impact. So, ideally, it's "gambling" in the same way day trading is gambling.
Contrast that to normal "sports betting" - which aims to block skilled betters, and squeeze suckers for their cash.
- airstrike 10mo agoPolymarket is an "insider trading" festival. Plenty of suckers getting squeezed there too.
- watwut 10mo agoA lot of day trading is pure gambling tho. And prediction markets dont even pretend to not be gambling, except for legal reasons.
- piva00 10mo agoIt's betting but even better for the house: they don't need to put anything on the pot to lose it, just taking a cut from the zero-sum game others are betting on. That's why Kalshi/Polymarket don't care about winners, they don't lose money to them, others do. It's all gambling, as most of day trading also is.