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Prediction markets are ushering in a world in which news becomes about gambling
11–20 of 517 posts
Re: Prediction markets are ushering in a world in which news becomes about gambling
#12Why is polymarket any more or less dangerous than NFTs or naked option trading? Fool and his money are quickly separated…
Marketed to a broader audience with more users, like sports betting?
And to be fair options trading used to be pretty limited in users too, until apps like robinhood tried to democratize it.
Re: Prediction markets are ushering in a world in which news becomes about gambling
#13The writer obviously hasn’t done any deep study of prediction markets and why they often provide greater insight than other polling techniques. Are they perfect? No. They predicted Hillary would win in 2016.
Had they existed then, prediction markets would have picked Hillary to win also
Re: Prediction markets are ushering in a world in which news becomes about gambling
#14Why is polymarket any more or less dangerous than NFTs or naked option trading? Fool and his money are quickly separated…
Naked option trading is certainly the worst of the three from a financial risk perspective for the beginner.
Although polymarket would do the best at "attraction" towards the average uninformed consumer because the bets and how to place them are far more understandable than the various option trading strategies.
Re: Prediction markets are ushering in a world in which news becomes about gambling
#15Why is polymarket any more or less dangerous than NFTs or naked option trading? Fool and his money are quickly separated…
It bother lowers the threshold and increases the breadth of things that can be bet in. It's a gambling addiction nightmare.
Re: Prediction markets are ushering in a world in which news becomes about gambling
#16Earlier quoted context omitted.
>You have the ability to direct people and resources to enact the under? Congrats you're rich! If you have the ability, you are already rich.
What happens to rich people when they get more money, do you think they just stop further attempts at acquiring more?
Sometimes they go on a ketamine binge shrugs
Re: Prediction markets are ushering in a world in which news becomes about gambling
#17Why is polymarket any more or less dangerous than NFTs or naked option trading? Fool and his money are quickly separated…
The article’s point was not that Polymarket is the problem-the point is validating and advertising Polymarket on national news outlets will have ugly consequences.
Re: Prediction markets are ushering in a world in which news becomes about gambling
#18Isn't Polymarket very low stakes?
For example "Will Trump acquire Greenland before 2027" market (the main one for this issue) has only 14m USD volume.
This is like 2 orders of magnitude less money than is bet on El Classico 2 times a year.
There are risks connected when prediction markets run wild but Polymarket ain't it. There is also utility. It has high predictive value (it beats polls for elections from a little sample I've looked at) and allows you to make better decisions.
Re: Prediction markets are ushering in a world in which news becomes about gambling
#19The writer obviously hasn’t done any deep study of prediction markets and why they often provide greater insight than other polling techniques. Are they perfect? No. They predicted Hillary would win in 2016.
Had they existed then, prediction markets would have picked Hillary to win also
They did exist and they did predict Hilary.
Re: Prediction markets are ushering in a world in which news becomes about gambling
#20The writer obviously hasn’t done any deep study of prediction markets and why they often provide greater insight than other polling techniques. Are they perfect? No. They predicted Hillary would win in 2016.
You obviously missed the point of the article. The point is that validating and advertising Polymarket on national news outlets will have ugly consequences.