‘Abhorrent’: the inside story of the Polymarket gamblers betting millions on war

A Guardian investigation reveals how the prediction market can shape news – and how it rules on ‘the truth’

The Guardian
This is becoming the kind of "VC platform for online war investments".
You:
1. Plan
2. Bet
3. Invest money upfront
4. Execute
5. Redeem your profits
Now, can you find enough liquidity in the market to turn a profit? Can you find it before it becomes aparent something is off in the bet?

It's a 0-1 bet that resolves one way or the other. If you were able to place the bet, the liquidity is there. But, yeah, if you can't make the bet in the first place without significantly pushing the market then you won't make as much.

Prediction markets should not be legal.

Could you explain what do you mean? What's the plan and execution here? Planning and executing invasion? If so, there are much better markets than polymarket for making such bets.

I understood the argument like this: If there is a bet going that a war doesn't start, and you're able to start said war... Then everyone betting on the war not starting is effectively providing venture capital funds for you to start that war.

So if eg. 20 mil is bet on it not starting, the actor holding the proverbial trigger only needs to "invest" sufficient funds to drain the bet and then capitalize on it by pulling the trigger, everyone being against it would've effectively invested into the war

The analogy breaks apart at VC, because they're expecting payout after successful funding, which this doesn't provide.

I think it's more like Kickstarter/crowdfunding for wars. Just as fucked up though

honestly the profits aren't big enough when you can just go into business if you have that kind of influence
I would also argue that for a bet on war involving the United States, Middle East, Russia or China oil products are a better bet - and it is the world's second most liquid market after forex markets.