4 ms·
This is very naive. Many people have incentives to manipulate the financial markets, also with real world consequences. Should we ban financial markets as a res
by d4ng 4mo ago
This is very naive. Many people have incentives to manipulate the financial markets, also with real world consequences. Should we ban financial markets as a result?
Do you really think that there are no people, who have bet on the price of something in one direction or the other, who enact real world consequences on people or other entities in order to ensure their bet? This is par for the course.
- somenameforme 4mo agoAnd with many orders of magnitude greater liquidity available than on something like polymarket.
- stubish 4mo agoThese people committed crimes, such as the catch all 'securities fraud'. Polymarket is unregulated and lots of ways to commit ethical fraud without committing legal fraud.
- solumunus 4mo agoFinancial markets serve a worthwhile purpose.
- solumunus 4mo agoFinancial markets serve a worthwhile purpose and can’t be gamed to the same degree as Polymarket. Polymarket enables completely absurd levels of dangerous manipulation, with significantly worse potential real world outcomes.
- d4ng 4mo agoPurpose and meaning are ultimately subjective.