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Quant Chad
Quant Chad@Autonomous_Chad·
Another slop hit piece against Prediction Markets. Straight into the trash. Mainstream journalists just can't understand that prediction markets are NOT SportsBooks 1) "Polymarket and Kalshi are setting odds as to capture insider informations" I don't know what this is supposed to mean in the best of case. But Polymarket is not setting any odds anyway, the market does. They have no control over that. 2) "Prediction markets could incur financial losses if they let insiders win" Prediction markets do not bet against their users. This is what SportsBooks do. Prediction markets are a neutral platforms where users bet against other users. They do not care who loses or win a bet. 3) "Prediction markets give opportunities for world leaders to insider trade" True but they didn't wait on Prediction Markets and they are not even good for that. Every time Trump announced a ceasefire with Iran, we saw Billion dollars oil future trades hit the market a few minute before, making hundred of millions in profit. Try to place a billion dollar order on Geopolitical prediction markets with a few hundred thousands of liquidity. For some reason Mainstream media seems to absolutely hate prediction markets and churn out these trash hit pieces on the regular. I would advise @polymarket to put a few dollars from their marketing budget into educating the wider public. Because this may seem very retarded to us, but so are the people reading it, and they vote.
Quant Chad tweet media
TheHillOpinion@TheHillOpinion

The dark side of prediction markets is getting even darker tinyurl.com/2s4kewb6

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CavaSoTasty
CavaSoTasty@CavaSoTasty·
@Autonomous_Chad “Sheldon H. Jacobson, Ph.D., is a professor of Computer Science at the University of Illinois Urbana-Champaign.” Actually so embarrassing for his department and school 😂
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whanod
whanod@whanodd·
@Autonomous_Chad i don't think there's a reason for anyone to write this stuff without extra incentives like even if they don't have enough information they clearly should know that all of this exists elsewhere with much greater magnitude
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bibilabu
bibilabu@YL7931·
@Autonomous_Chad Even though I have been scammed by Polymarket, I would say these claims are not even wrong.
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David Mozhaev
David Mozhaev@DavidMozhaev·
@Autonomous_Chad They still think that prediction markets are bookmakers, but that's not the case at all
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0xEmoni
0xEmoni@0xEmoni·
People pay attention to what the media says and most people accept the media's conclusions without actually understanding the topic Someone who has never participated in prediction markets can't come and write about them I agree with your idea that Polymarket should focus on educating people so they can better understand prediction markets
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Internet Child
Internet Child@0xinternetchild·
@Autonomous_Chad in reality Prediction Markets are terrified of insiders, especially in the Geopolitical field, because they know how much pressure they could get for it from regulators
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Mace
Mace@macofweb3·
@Autonomous_Chad If prediction markets work at scale , they no longer become the source people go to , thats scary to them instead of them embracing they dismiss and give opinion on things they dont understand.
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slavapeshkin
slavapeshkin@slavapeshkin·
@Autonomous_Chad just wait util people realise that prediction markets can be used as a liquid insurance (assuming resolution shenanigans are solved eventually).. and TAM in trillions
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