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by Shocka1
29 days ago
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I would agree that the insights provided are little to none. I think this is some sort of fallacy that being being PR'd by tech bros with a lot of skin in the game attempting to come up with some kind of positive reason to sell to people. It's fairly easy to see right through it though. WSJ had an insightful article that claimed .1% of the accounts take 67% of the profit, along with some other facts:
https://www.wsj.com/finance/investing/polymarket-kalshi-bett... Full disclosure, I've written performant market making algorithms for Polymarket. I'm actually a fan of these markets and enjoy the statistics and engineering challenges they present, but see it as a net negative on society. I'd gladly give up my PnL if it was a net positive on the American psych. |
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