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This may be a bit misleading. Polymarket settles bets via a blockchain-based voting mechanism which, in theory, reduces to a simple YES/NO decision based on tw
by mellosouls 10mo ago
This may be a bit misleading.
Polymarket settles bets via a blockchain-based voting mechanism which, in theory, reduces to a simple YES/NO decision based on two inputs: the contract wording and whether the specified conditions were met by the relevant date.
While that sounds neutral in principle, in practice it’s vulnerable to interpretation of ambiguous wording and to classic vote-weight effects, where financially motivated participants can tilt outcomes away from the most reasonable reading in order to profit.
It’s actually a genuinely interesting system and an unresolved design problem - one that Polymarket doesn’t yet seem to have fully solved.