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This is the third major case in about three months. Before the Iran bets there was a suspected Google insider who made $1.15M on Polymarket (22 of 23 correct b
by 7777777phil 8mo ago
This is the third major case in about three months.
Before the Iran bets there was a suspected Google insider who made $1.15M on Polymarket (22 of 23 correct bets in 24 hours) and Israeli soldiers criminally charged for monetizing classified intelligence on event contracts.
Textbook Akerlof: without enforcement the adverse selection spiral kills these markets before they get a chance to prove useful. I tracked all three cases here: https://philippdubach.com/posts/the-absolute-insider-mess-of-prediction-markets/ https://philippdubach.com/posts/the-absolute-insider-mess-of...