[bshaughn]

It gives people in power, wether it be the government or even an NBA ref, a vehicle to profit off of conflicts of interest / fixing games / etc...

Ive seen people point out White House press conferences do weird shit, like cut the conference 10 seconds before some polymarket prop bet of "how long will this press conference be".

Much more heinously, a few months ago right before one of Trumps asinine tariff announcements, someone took out a $300M BTC short position that was almost certainly from a WH insider.

I honestly don't care if someone loses all their money gambling, but the problem I have is how so many institutions are able to be undermined at a fundamental level do the existence of polymarket.

[polski-g]

There's a "cloudflare outage" market. If I worked at CF I'd absolutely bet to win 5mn and then cause an outage and retire.

[b65e8bee43c2ed0]

>It gives people in power, wether it be the government or even an NBA ref, a vehicle to profit off of conflicts of interest / fixing games / etc...

there is the stock market for those things, where insider trading is nigh invisible to public.

[bshaughn]

I think you have completey missed my point. The stock market only allows you to trade securities, and (in theory) there is a lot of regulation and enforcement on who buys / sells stocks. Additionally, no one has the power to magically set a stock price to be a certain price on a certain date.

Polymarket all of a sudden makes it much easier to make money betting on an outcome people control. Looking at polymarket, I see bets paying 100-1 based on the number of tweets Elon makes on a given day. I see another at 100-1 on wether the US airstrikes Iran today with $66m riding on it. All of a sudden theres an incentive of a life changing amount of money for goons in the whitehouse to strike Iran for shits and giggles.

Did you know that in 2007 some NBA Refs were caught rigging games for just $2000 a game? Now Refs don't even need to be payed off when you can make a position anonymously with bitcoin.

[scoofy]

> where insider trading is nigh invisible to public

...and is illegal.

It's not illegal to throw a basketball game.