Hacker News new | ask | show | jobs
by Marazan 20 days ago
It has been crazy seeing the explosion of Polymarket and Kalshi in comparison to Betfair.

Betfair doesn't present itself as anything other than what it is: a gambling exchange where the punters make the book. In my 10+ years time of using it they despite some occasionally shoddily worded markets they have only properly screwed up a market twice (The Australian Open in 2022 when Djokovic was denied entry to Australia and Betfair basically forgot the winners market was cross matched when they went to remove him and the 2020 Presidential election where they suspended the market when Trump went to hospital with Covid despite the fact the market rules said that the market would still settle if any participant died and obviously most people had been taking into account that both candidates being mega ancient whilst a global pandemic was happening might be a factor). Betfair is boring, staid and reliable.

Compare that to Kalshi and Polymarket who do everything they can to pretend they are not gambling platforms. It's kind of gross.