[greyface-]

Polymarket works on mobile and allows instant USDC deposits. Are these somehow red flags elsewhere, but not here?

Not to mention the Pandora's box that prediction markets open, when the order book can begin to influence real life events - from match fixing, to assassination markets.

[the8472]

It's not like that box has been firmly closed until now. Every time someone stands to profit from one outcome over another they already have an incentive to influence the outcome, prediction market existing or not. And stock markets already act as a sort of prediction basket about future events that will influence the trajectory of a company (e.g. the outcome of trade negotiations, wars, court decisions, elections, the health of their CEO etc. etc.)

The upside of prediction markets is that it incentives people with information to make their honest estimates legible to society. E.g. an opinion piece in a newspaper has little skin in the game, other than the author's reputation.

[parodysbird]

Polymarket isn't legal in the US

[greyface-]

Polymarket is based in New York, and all but tells prospective US users to use a VPN.

[chillydawg]

And yet the biggest markets on there are consistently us centric.