return2ozma'Bone-Chilling': Gamblers ‘Vowing to Kill’ Journalist Unless He Changes Iran War Report to Help Them Win Polymarket Bet
certified_expertCan somebody eli5 me this? I am not sure I am getting it
🔍🦘🛎Polymarket is a place to put bets on anything: if the groundhog sees his shadow, if a hurricane makes landfall, if the US bombs Iran. You know just fun betting. Except now people put down huge sums, and just prior to the Iran war, insiders were putting down MILLIONS on the war starting that day. It makes it immediately obvious there are dangerous conflicts of interest.
But, who pays? I could bet you a million I will eat a sandwish today
The platform puts up the bets, and you can “buy” a share in the “future prediction”
Basically you put in a sum on one option, buying a % of the winnings if that option is the one that the platform decides won.
Hold on… so somebody in the company defines the bets? Like bombing dates and stuff? Users just get to pick whatever is available?
Users suggest things, but yes the platform is in charge of what bets are available.