[ralph84]

Not sure why the dumb money keeps playing. If you're not the insider the person you're trading against is.

[doomslayer999]

Because its an event contract with a defined upside/downside and time horizon. You know exactly what you stand to lose and gain and when. Makes it a valuable part of some intricate financial strategies.

[tokenless]

Plus casinos exist. Why do people play blackjack.

[taylorius]

"the dumb money"

[pocksuppet]

Because you think you can predict the probability of the insider insidering each way and place a bet before they insider