Its not dumb if you know which way its going to go. Free money. People actually do this with the stock market too. They watch for huge volumes being bought or sold by the big investment firms and do the same to try and get some of the profits.
Problem is that is what the insider traders are counting on. They know it is going to happen, it's planned to happen and the odds reflect that. So a few million folks toss in a couple of bucks and the insiders cash in.
Outsiders can't be 100% sure that it's a planned event so they don't take the terrible odds and the insiders don't have to split things.
19 Comments
Grandwolf319@sh.itjust.works · 74 pts · 134d
Never understood how people can be so dumb to gamble with something that has insider trading written all over it.
It’s like trying to win money in boxing when your not a boxer yet your going against professionals
weimaraner_of_doom@piefed.social · 13 pts · 134d
Gambling for schmucks.
1984@lemmy.today · 4 pts · 133d
Its not dumb if you know which way its going to go. Free money. People actually do this with the stock market too. They watch for huge volumes being bought or sold by the big investment firms and do the same to try and get some of the profits.
kate@lemmy.uhhoh.com · -6 pts · 134d
that's exactly why i bought it tbh
blimthepixie@lemmy.dbzer0.com · 47 pts · 134d
I'll put $2 on no
I can afford to lose that based on the return of almost a grand
SocksPls@lemmy.dbzer0.com · 73 pts · 134d
blimthepixie@lemmy.dbzer0.com · 37 pts · 134d
Oh, well
ShinkanTrain@lemmy.ml · 9 pts · 134d
STOP THE COUNT
prole@lemmy.blahaj.zone · 8 pts · 133d
How is this man even real
jj4211@lemmy.world · 16 pts · 134d
Problem is that is what the insider traders are counting on. They know it is going to happen, it's planned to happen and the odds reflect that. So a few million folks toss in a couple of bucks and the insiders cash in.
Outsiders can't be 100% sure that it's a planned event so they don't take the terrible odds and the insiders don't have to split things.
monkeyslikebananas2@lemmy.world · 3 pts · 133d
If it has anything to do with this administration and the options are to crime or not to crime, it is always to crime.
starik@lemmy.zip · 27 pts · 134d
Allah must be so confused right now
null@lemmy.org · 19 pts · 134d
Do insider trading laws cover bets or is it only stocks?
kate@lemmy.uhhoh.com · 26 pts · 134d
do insider trading laws cover stocks anymore??
Viking_Hippie@lemmy.dbzer0.com · 9 pts · 134d
Not if you're rich and/or connected enough.
So basically like all US "white collar" crimes
monkeyslikebananas2@lemmy.world · 4 pts · 133d
They will be pardoned for federal crimes. It doesn’t matter. State laws are the only option if you want to hold any of them accountable.
MidsizedSedan@lemmy.world · 15 pts · 134d
Imagine showing this to someone in 2016. I wouldn't believe it
Karl@literature.cafe · 1 pts · 134d
The image isn't loading. Someone tell what it's about?
kate@lemmy.uhhoh.com · 12 pts · 134d
It is a screenshot of the graph here https://polymarket.com/event/will-trump-praise-allah-again-by-april-15/will-trump-praise-allah-again-by-april-15