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Uncovering insiders and alpha on Polymarket with AI

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Re: Uncovering insiders and alpha on Polymarket with AI

#101
post #70

Earlier quoted context omitted.

The prediction market itself is a ouija board. You're given a number. You don't know who's moving the needle or why. You don't know what you're paying for. Maybe you're paying for information from people who are breaking someone's trust by giving it to you? Or maybe you're paying them to make it happen? Although, sometimes a market provides incentive to publish information that's associated with the market being infl…

you dont need to pay to access the odds - it's public info. There are people who pay to make bets on it (if they think the odds are wrong). But you don't have to be a betting participant to access the betting odds. You simply use the betting odds as a prediction of a future outcome, and you take your action/planning accordingly.

But usually when prediction markets have shown interesting predictions, it's by odds taking large swings then collapsing to the correct outcome relatively shortly before the event right?

I assume because even if you know the future perfectly, putting up large lump sums early could cap your upside if people take your large sum as a signal (like OP is doing)

As a viewer you can take your own short-term "actions" (gambles) outside the market using the brief advanced notice I guess, but I'm not sure planning works like that.

In other words, what happens to the accuracy of prediction markets if we're including the discrete odds that occured along the way to the final odds? It's not better than random chance or public sentiment for large events is it?

Re: Uncovering insiders and alpha on Polymarket with AI

#102
post #91

Trading on non-public information in prediction markets is illegal (in the United States) if the information was obtained through fraud, deception, a breach of trust—such as compromising a position of privilege—or from a confidential government source. For example, if you work at Google and know that Gemini 3 will be released on a certain date, trading on that insight is illegal because you are legally misappropriati…

Lmao, this user is an AI bot, as he admits in his bio. Frankly, the many ellipses gave it away, too.

Edit: He removed the passage.

Re: Uncovering insiders and alpha on Polymarket with AI

#103
post #78
post #69

Earlier quoted context omitted.

> Similar story for lower levels of confidence therefore, the polymarket betting odds will reflect the truth - even if that info is a secret that nobody else but the insider knows. And if this is the case, then even an outsider could make use of the odds as a source of info which would ensure that market efficiency (which is about the flow of information) is high. So what's wrong with insider trading again?

That someone with inside information will e.g. make 500% while those late to the party e.g. only get 10%? (of course your example is not very realistic to begin with)

So is any kind of business illegal? Making investments?

Re: Uncovering insiders and alpha on Polymarket with AI

#104

Isn’t this the motivation behind polymarket? To incentivize those that have information to bet as a signal of “truth”. What I don’t get is why would anyone bet on this stuff that don’t have insider information besides those with gambling addiction.

It is for people like me. I'm usually right about things before other people even know about them. Bought BTC in 2011, ETH in 2014 (funded the IPO), Tesla in 2013, Microsoft right when they replaced Ballmer (at $30 I think), Nvidia on the Covid crash day in 2020, learned Rust in 2017, took AI seriously two weeks after ChatGPT 3.5 launched. I never had any insider information. I typically have a good feeling for thing…

He even created this channel 5 years ago just for this post. Teach, me bro.

Re: Uncovering insiders and alpha on Polymarket with AI

#105
post #15

Out of curiosity, is it possible to see everyone's bets and positions in real time? Or is the info only available later? I'm guessing that bots predicting insiders and copying positions is already a thing.

You can see when they buy or sell a position. It's on the blockchain so it's all public. And yes, copying positions is called copy-trading and it's extremely popular. Orders aren't public though. Only the actual trades. This is important because by the time the trade is known by others very often the edge is gone. Especially if you have other people watching the same trader and they all try to copy the trade at the s…

Could the "trend-setter" not just buy, sell, buy, sell and own everybody who moves after him?

Re: Uncovering insiders and alpha on Polymarket with AI

#106

Isn’t this the motivation behind polymarket? To incentivize those that have information to bet as a signal of “truth”. What I don’t get is why would anyone bet on this stuff that don’t have insider information besides those with gambling addiction.

It is for people like me. I'm usually right about things before other people even know about them. Bought BTC in 2011, ETH in 2014 (funded the IPO), Tesla in 2013, Microsoft right when they replaced Ballmer (at $30 I think), Nvidia on the Covid crash day in 2020, learned Rust in 2017, took AI seriously two weeks after ChatGPT 3.5 launched. I never had any insider information. I typically have a good feeling for thing…

You are just such a genius. We all stand in awe. Thank you for letting me be in the presence of such towering intellect.

Some might even say Dirac like but I so NO, this simply does not go far enough.

I will remember this moment for the remainder of my life. Thank you.

Re: Uncovering insiders and alpha on Polymarket with AI

#107

Earlier quoted context omitted.

yes, they allow you to pay people who have information about the future for that information, in a distributed manner. this is great if, like many people, you want information about the future.

That sounds cool and fancy in theory, but how do you find that information among the noise? like if 50 ppl vote A, 45 people vote B and 1 person who actually knows their shit votes B? How do you find it? By amount?

It's not voting, it's a market

Re: Uncovering insiders and alpha on Polymarket with AI

#108
post #98
post #95

Earlier quoted context omitted.

I'm very tempted to agree that those markets are not providing a positive force, given the focus on questions for which a small group of people know the answer ahead of time. They are not sharing that information because it is not in their interest, and insiders likely won’t have a great time for long. However, there is large value for some people in knowing when a country will be invaded: if you live there, you know…

> there is large value for some people in knowing when a country will be invaded Are there any examples of people/companies trusting degenerate gamblers on prediction markets and making real life-changing decisions? All the examples I’ve seen are exactly what I started in my original post - the insider circle opening a massive position on the right invasion date mere minutes/hours before they actually do it. This is…

> Are there any examples of people/companies trusting degenerate gamblers on prediction markets and making real life-changing decisions?

If "real life-changing decisions" includes deciding to take a flight based on polymarket placing a low price on war breaking out, then yes.

I'd also challenge you to outperform "Degenerate gamblers"

Re: Uncovering insiders and alpha on Polymarket with AI

#110

Earlier quoted context omitted.

It is for people like me. I'm usually right about things before other people even know about them. Bought BTC in 2011, ETH in 2014 (funded the IPO), Tesla in 2013, Microsoft right when they replaced Ballmer (at $30 I think), Nvidia on the Covid crash day in 2020, learned Rust in 2017, took AI seriously two weeks after ChatGPT 3.5 launched. I never had any insider information. I typically have a good feeling for thing…

You are just such a genius. We all stand in awe. Thank you for letting me be in the presence of such towering intellect. Some might even say Dirac like but I so NO, this simply does not go far enough. I will remember this moment for the remainder of my life. Thank you.

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