4 ms·

Usually the TOS of these betting markets prohibits tampering. IIRC, someone bet on a streaker at the super bowl, did the streaking themselves, made 6-figures o

Usually the TOS of these betting markets prohibits tampering. IIRC, someone bet on a streaker at the super bowl, did the streaking themselves, made 6-figures on the bet, bragged about it publicly, and the market negated the bet and recovered the money.

mschuster91 6mo ago
> IRC, the TOS of these betting markets prohibits tampering. Good luck proving it. > IIRC, someone bet on a streaker at the super bowl, did the streaking themselves, made 6-figures on the bet, bragged about it publicly, and the market negated the bet and recovered the money. Yeah, exactly. Far easier to prove and to even get the idea to investigate that person in the first place.
- ortusdux 6mo ago
  The markets make their own TOS and define the burden of proof needed to overturn a bet. They don't want tampering to risk their cash cow, so I'd imagine they are going to be proactive.
  - IX-103 6mo ago
    They don't want the appearance of tampering. They don't really care about tampering itself because they make their money either way. So as long as you are subtle about it they won't even investigate, as a public investigation would make it seem like tampering was common.
    - deleted 6mo ago
      [deleted]
  - michaelt 6mo ago
    I'll tell you another thing that will risk their cash cow - a reputation for not paying out when gamblers win big, because of vague and specious accusations of fraud (which the gambler denies)
MattGaiser 6mo ago
So if he had paid someone to streak he would have gotten away with it though. We are only seeing the very dumb here.
kelnos 6mo ago
There are also plenty of cases where something like this has happened, and the prediction market paid out and did nothing. Ultimately they don't care too much about this kind of tampering, except when it has the potential to damage their reputation. They otherwise don't care about the specific outcome of a bet; they make their money regardless.

mschuster91 6mo ago

> IRC, the TOS of these betting markets prohibits tampering. Good luck proving it. > IIRC, someone bet on a streaker at the super bowl, did the streaking themselves, made 6-figures on the bet, bragged about it publicly, and the market negated the bet and recovered the money. Yeah, exactly. Far easier to prove and to even get the idea to investigate that person in the first place.

ortusdux 6mo ago
The markets make their own TOS and define the burden of proof needed to overturn a bet. They don't want tampering to risk their cash cow, so I'd imagine they are going to be proactive.
- IX-103 6mo ago
  They don't want the appearance of tampering. They don't really care about tampering itself because they make their money either way. So as long as you are subtle about it they won't even investigate, as a public investigation would make it seem like tampering was common.
  - deleted 6mo ago
    [deleted]
- michaelt 6mo ago
  I'll tell you another thing that will risk their cash cow - a reputation for not paying out when gamblers win big, because of vague and specious accusations of fraud (which the gambler denies)

MattGaiser 6mo ago

So if he had paid someone to streak he would have gotten away with it though. We are only seeing the very dumb here.

kelnos 6mo ago

There are also plenty of cases where something like this has happened, and the prediction market paid out and did nothing. Ultimately they don't care too much about this kind of tampering, except when it has the potential to damage their reputation. They otherwise don't care about the specific outcome of a bet; they make their money regardless.