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Prediction markets will let you bet on almost anything, from how many tweets Elon Musk will post this week to how many tweets Elon Musk will post this week. The next president In the United States, where forecasts sometimes show shocking (or suspicious) accuracy. Shane Copeland, CEO of Polymarket, has claimed that prediction markets are as well “The most accurate thing we have as humans now.”
However, these platforms blur the lines – in terms of function and regulation – between gambling and stock trading. like BloombergJoe Wiesenthal said on vertcast“All the lines between trading, speculation, (and) gambling have been completely torn apart.”
There are also ethical concerns emerging around prediction markets, such as whether it is acceptable to be able to bet on almost everything, along with concerns about insider trading. For example, a newly created Polymarket account He made more than $400,000 In January, betting on the arrest of Venezuelan leader Nicolas Maduro.
- Portugal orders Polymarket to close.
- Blood for stones
- Someone made a lot of money betting on Maduro’s capture
- Kalshi and Polymarket continue to partner with fake news accounts on X.
- Everything is gambling now
- Election night at Kalshi headquarters
- This is the $2,000, fully AI-generated ad that aired during the NBA Finals
- Are prediction markets a gamble? Robinhood CEO Vlad Tenev isn’t betting on it
- Polymarket quietly raised more money before the FBI raided the CEO’s apartment.
- The FBI reportedly seized the Polymarket CEO’s phone.
- Why does Robinhood CEO think prediction markets are here to stay?
- Presidential betting platform Calci is racking up debt.
- Robinhood admits it’s just a gambling app