alt Hacker NewsWhat happens if you flood the market with a bunch of implausible bets like "sun won't rise tomorrow"? Sure, you might try to filter that out with some sort of "seasoning" period (ie. don't buy new markets), but then that means more time for arbitrageurs to correctly price the market, depriving you of any price advantage you might have had.
Replies
baq • yesterday at 4:27 PM
jane street is always hiring!
Bratmon • yesterday at 5:32 PM
> What happens if you flood the market with a bunch of implausible bets like "sun won't rise tomorrow"?
Who does "you" refer to in this sentence? Polymarket itself?
I'm pretty sure if Polymarket itself decides it wants to screw you, you're gonna lose no natter what your strategy is.
There are quite a few of those, my favourite: https://polymarket.com/event/will-jesus-christ-return-before...
If you put all your money on no, you get 4% if you win, and if Jesus comes back and you lose, money won't matter.