Similar Stories to Price Manipulation At Polymarket Has Trump's Odds Soaring on Bing News

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.

BING NEWS:
  • International Bettors Influence Polymarket's Trump Election Odds
    International accounts are behind substantial bets on former President Donald Trump winning the 2024 election on the crypto-based platform Polymarket. Despite restrictions on Americans betting on ...
    10/18/2024 - 12:57 pm | View Link
  • MAGA 'manipulation’ sends Trump odds skyrocketing on betting markets: report
    Experts are skeptical that a betting market being pushed by MAGA supporters of Donald Trump as proof that the former president is a sure bet to reclaim the White House is not the ace in the hole it’s ...
    10/18/2024 - 12:10 pm | View Link
  • $30 Million Is All It Took to Shift the Odds in Trump’s Favor on Polymarket
    The huge buy is further proof that predictive betting sites are only a reflection of what degenerate gamblers are willing to spend.
    10/18/2024 - 9:20 am | View Link
  • 4 Theories Why Trump Is Winning Big in the Betting Markets
    On October 16, a professional political bettor who goes by the name Domer posted on X about a mysterious, seemingly French trader he called “Monsieur Whale.” What followed was a fairly thorough ...
    10/18/2024 - 7:34 am | View Link
  • Price Manipulation At Polymarket Has Trump's Odds Soaring
    Over the past two weeks, the chances of a Trump victory in the November election have surged on Polymarket, a crypto-based prediction market. Its bettors were giving Trump a 62% chance of winning on ...
    10/18/2024 - 7:18 am | View Link
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