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It doesn't really work, up until a few weeks before the NYC mayoral election. Polymarket had Andrew Cuomo winning by double digits. It's a trash platform.
by shimman 10mo ago
It doesn't really work, up until a few weeks before the NYC mayoral election. Polymarket had Andrew Cuomo winning by double digits.
It's a trash platform.
- pgodzin 10mo agoThere are much better ways to tell if a prediction market is well calibrated than a single anecdote. And if it works so poorly, there's a lot of easy money to be made.
- shimman 10mo agoBut this isn't a prediction market... those are highly regulated. This is just making money off of insider info. So yeah, not only does it work poorly it's entire reason for existing is to help people get richer while fucking over others.