https://www.theguardian.com/us-news/2026/mar/23/bets-us-iran-ceasefire-show-signs-of-insider-knowledge-say-experts-polymarket #humanbehavior #politicalgambling #insiderinformation #HackerNews #surprisingfindings #HackerNews #ngated
Polymarket offers crypto powered betting in sports, business, science, politics and more. Gee what could go wrong?
Users have spent more than $2.7 billion placing bets on the USA presidential election - presumably these are bets by non US citizens, as Polymarket is illegal in the USA.
Crypto betting insiders estimate as much as 30% of pro-Trump bets thought to be fake trades. #crypto #polymarket #election #marketmanipulation #cryptobetting #gambling #politicalgambling
no, betting markets are not magically any better than polls. people gambling real money on results doesn't give them any new insight.
on the other hand, it gives people conflicts of interest when reporting their preferences. and it just makes them more jittery, just like real markets are.
The degree of trepidation with which the federal government is this week mincing around even the second-order question of banning gambling ads — just the ads! — gives you a very pungent sense of just how powerful this industry is.
Friends who are into #PoliticalGambling are spending a lot of time gaming out how the #Republican Party could improve its chances by nominating a so-called moderate in 2024.
Here's measureable reality as of now: #Trump is the undisputed leader of the Republican Party, with about as much support as all of his rivals put together. He's got the base and he's got the #RNC. The nominee will be a #fascist.
On PredictIt, a political gambling site, I had a gratifying win last night. And by "gratifying" I mean I was able to take some money off fascists, which is just *chef's kiss*.
@kathygriffin Fixing the water heater.
Definitely not thinking about how much I bet on John Fetterman. Because that would make me crazy. #PoliticalGambling
I am literally seeing Republicans cheering as Mehmet Oz mocks John Fetterman's post-stroke recovery, and calling Fetterman a bully in the same breath.
https://boingboing.net/2022/08/31/new-jerseys-dr-oz-doubles-down-on-mocking-a-stroke-victim.html
#PoliticalGambling