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'Hairdryer used to trick weather sensor' to win Polymarket bet

telegraph.co.uk

11–20 of 270 posts

Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet

#13
post #2

I don't understand who is taking the other side of all these insane Polymarket bets. Is Polymarket doing it?

It sounds like the other side of the bet was the actual winning bet when compared to Truth. Maybe they have great climate models and actually make a bet that they have an edge on. Maybe they have a gambling problem. Either way, they are the victims here.

Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet

#14
post #10
post #2

I don't understand who is taking the other side of all these insane Polymarket bets. Is Polymarket doing it?

I don’t understand why these bets are allowed at all. Can one just make an account there and bet in anything? The whole “prediction market” charade is increasingly proving to lend itself to abuse. I hope regulations catch up with it soon, otherwise more shenanigans will follow.

[flagged]

Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet

#15

> There are no indications so far that the successful punters have had to return their winnings. However, the data source for Paris’s hottest temperature has since moved to a sensor at the smaller Paris-Le Bourget airport. Here's the negative externality that no one will care about. There's no reason gamblers won't repeat this stunt, until us poor schmucks who just want an accurate temperature reading have to build a…

>There's no reason gamblers won't repeat this stunt, until us poor schmucks who just want an accurate temperature reading have to build a fortified compound in order to do so.

The issue here is you'd need a lot more land because any asphalt near a temp sensor is going to give you bad data.

Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet

#16
post #7

Between this and crypto cryptocurrencies (which obviously can be used to make bets) I don’t know which is more destructive to society

Fiat money is obviously more destructive, but you'd have to do some basic research to figure that out.

Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet

#17
post #10
post #2

I don't understand who is taking the other side of all these insane Polymarket bets. Is Polymarket doing it?

I don’t understand why these bets are allowed at all. Can one just make an account there and bet in anything? The whole “prediction market” charade is increasingly proving to lend itself to abuse. I hope regulations catch up with it soon, otherwise more shenanigans will follow.

Our zeitgeist is now "the grift is the goal."

Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet

#18
post #8
post #2

I don't understand who is taking the other side of all these insane Polymarket bets. Is Polymarket doing it?

If polymarket were staking wagers on its own platform, then it would have to worry about the integrity of the contracts, which is a nonstarter

Why do you think it’s a nonstarter when so many of these new platforms do commit fraud all the time and get away with it? It’s only a problem if they get caught, and then only if people actually pay attention enough to care

Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet

#19

> There are no indications so far that the successful punters have had to return their winnings. However, the data source for Paris’s hottest temperature has since moved to a sensor at the smaller Paris-Le Bourget airport. Here's the negative externality that no one will care about. There's no reason gamblers won't repeat this stunt, until us poor schmucks who just want an accurate temperature reading have to build a…

I mean, there are plenty of negative externalities that this type of gambling brings that are much worse, but at least in this case it does appear that authorities are investigating. At the very least I would expect some law to be broken if interfering with official weather data collection at an active airport.

Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet

#20
post #10

Earlier quoted context omitted.

I don’t understand why these bets are allowed at all. Can one just make an account there and bet in anything? The whole “prediction market” charade is increasingly proving to lend itself to abuse. I hope regulations catch up with it soon, otherwise more shenanigans will follow.

[flagged]

Certain no negative externalities from these shenanigans here, let people do what they want to do regardless of how it harms others.
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