Honestly, that’s awesome and should be the norm. If these fucking assholes are going to let people bet on random shit, they deserve to have random shit bite them in the ass. If they are letting people bet on EASILY gamed events, then they need to expect things to be gamed.
Yeah, but official public records are important too, they shouldn’t be littered with vandalism, just because these guys have no notion of permanent reality.
Your comment made me actually read the story instead of just the headline.
If it was just a thermometer in someone’s back yard, then I’d agree with @dogslayeggs. You’re right, though: it’s not okay to mess with official public records. It may be funny, and a good way to make a few bucks (or euros, or francs, or whatever), but it’s not okay.
I say that gaming this system justifies inconsequential alternation of public records. Being prudish about doing anything slightly controversial while the other side blatantly ignores all laws and laughs in our faces is why they are winning.
I would agree with you except the people who did this aren’t on any side. They are just fucking up temp data to make money. Why is that justified?
I think people that did this are not millionaires and are not in power. Probably just some clever airport workers. IMHO, gaming exploitative system to make a living is justified. It someone abused their power to get even richer than it’s not justified.
I get where you’re coming from, but the only ones that lose here are the suckers that think this is a fair game.
Predictionmarkets don’t work like a casino or sports betting. They are not the classic „house“ that you bet against in a casino, it’s more like a broker selling you futures on commodities. They earn their money via transaction fees for facilitating bets between people. So they win, no matter if the wager is rigged or not. This means that they probably don’t really care about it, or any other rigged bets at all. I would guess they might even like it, because every time there is a big article about some rigged bet like this, they get free press exposure.
Edited for clarity
I’ve never looked into them. You aren’t betting against the house, you are betting against other people?
Shit, betting against other people sounds even MORE ripe for rigging results than betting against the house. That’s bonkers. Thanks for the info.
Wait until you hear that Trumps son (idk which of the shit gremlins) is working in an advisory role for Kalshi and Polimarket at the same time, making sure they will not get any issues with the government. It’s all fucked to hell.
Hmfh, I’d put it down to some sort of money laundering scheme or political handout to supporters type thing, because there’s no way the house is winning when you can’t make reliable odds (short of a couple of insurance companies worth of actuaries) but now it makes a bit of sense, thanks.
Of course it’s probably both of those things, and I’m wondering where they get all the people betting against Trump stupidity, but the business plan is now understandable.
To be fair that is how the house in sports betting tries to work. They adjust the odds, the payouts, the spread, or whatever they else need to do to make money irrespective of the result of the game. The house just takes their cut.
The result is similar, but a casino will definitely care if you keep winning, because then their profit margins go down. If you keep winning at Roulette or always bet on the right horse the house will cut you off. Prediction markets don’t care. They make the same money wether you lose or win all of your bets, cause your winnings don’t come out of the pot that the house manages, they come directly out of the pocket of the people who took you up on your bet. At least that’s what they say…
There are rumors that polymarket etc also act like the house sometimes and take bets that no one wants to take. But atm I think those are not confirmed.
It’s not against the rules, lfg
Someone should place big bets on the destruction of Polymarket.
Place big bets AGAINST the destruction of Polymarket, to be exact.
But then again, any long-term bet on Polymarket is at least partially a bet against short-term destruction of Polymarket so…
There are two types of Polymarket users:
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those who think it’s about predicting things
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those who know it’s about taking money from the first group
If you’re betting there but don’t have a way to influence the results you’re just gullible.
So what you’re saying is I need to make a third group, the one who predicts how the one who takes from the first will influence Polymarket.
You’re a genius.
Wasnt that all the fuzz around gamespot?
Gamespot or gamestop? Because if you mean gamestop, yes. If you meant gamespot, I don’t know what you mean — you’d have to explain for me.
Gamestop
A friend of mine made some profit by having bet on Brexit and Trump in 2016.
More people should buy “fascism insurance” to anonymously crowdfund anti-fascist action.
Did polymarket exist in 2016?
Don’t know on which platform these bets were made.
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Polymarket is one of the most Black Mirror stuff I’ve seen til now.
Yeah, it’s horrifying and deeply sad to marry gambling (which already creates a fair amount of misery for some) and real-world events that cause human misery. Fuck poly market. It should be regulated out of existence
That was literally the job of the SEC. This wasn’t really a thing under the Biden administration because they applied the Howey test on securities.
The part I don’t understand is how there are enough people betting on the temperature being normal on one specific day at CDG, that you can make that much money betting on it being hot.
Polymarket clains there is no house, but they still act as “betting against” on some outlandish bets.
People should bet “when is the next Luigi event where the Pedophile / billionaire died or killed”.
They’ve pulled back from any sort of “death market” because they’re terrified of facing regulation.
The phrase your looking for is a dead pool. Kek
DECENTRALIZED
#blockchain
PERMISSIONLESS innovation
It’s seeming like it’s gone from “WeRe PrEdIcTiNg ThE fUtUrE” to fucking with everyone else’s lives by tampering or doing stupid shit that makes everyone else have a worse day.
This is just redistribution of wealth, from poor stupid people who do not have inside knowledge of events to richer people who do. The evidence is that navy seal guy who recently got cought making 400k+ on his own actions.
Yeah, markets are inequality machines, betting is just the extreme case.
The comments on that article make me worry
The amount mentioning Steptoe, really shows the average age of readers
Truth Machine doing its work for the benefit of humanity
