alt Hacker NewsThere’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?
Replies
cwillu • yesterday at 10:38 PM
https://help.polymarket.com/en/articles/13364541-how-are-mar...
Users absolutely can propose markets
Terr_ • today at 12:48 AM
Also: Nascent exchanges for paying someone to commit violent or illegal acts.
> 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