The next time some asshole says something stupid about betting markets and politics, like "More accurate than polls, because real money is on the line" it's worth reminding them that as with any market prices can be manipulated. And that's apparently the case with Peter Thiel's Polymarket recently. Just four accounts have flooded the market with $30mil in bets recently, distorting or inflating Trump's chances against Kamala Harris. Unlike with stock exchanges, there are no safeguards against price manipulation.
Comment on Price Manipulation At Polymarket Has Trump's Odds Soaring
Ed Scarce, The Daily Dot
Fri, 10/18/2024 - 10:43am
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