5 ms·
There’s a recent Patrick Boyle video which puts it aptly: prediction markets are a wealth transfer from retail investors to trading algorithms and people with s
by outlore 5mo ago
There’s a recent Patrick Boyle video which puts it aptly: prediction markets are a wealth transfer from retail investors to trading algorithms and people with security clearances.
Anyway, one thing I don’t understand yet is how new markets are created. They aren’t user generated, so how did an “Iran strike” market exist to begin with?
- 1659447091 5mo ago> one thing I don’t understand yet is how new markets are created. They aren’t user generated, so how did an “Iran strike” market exist to begin with? Having the US presidents kids as multimillion dollar investors in the platforms and on the advisory board of one them would be a good place to look
- cwillu 5mo agohttps://help.polymarket.com/en/articles/13364541-how-are-markets-created https://help.polymarket.com/en/articles/13364541-how-are-mar... Users absolutely can propose markets
- Terr_ 5mo agoAlso: Nascent exchanges for paying someone to commit violent or illegal acts.