Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains | Data from millions of accounts shows that trading and profits are dominated by a tiny slice of highly active accounts.
https://www.bloomberg.com/news/articles/2026-04-28/most-prediction-market-traders-are-losing-money-while-bots-rack-up-gains?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3NzM4MTkzNiwiZXhwIjoxNzc3OTg2NzM2LCJhcnRpY2xlSWQiOiJURTc3U0xLR1pBSk4wMCIsImJjb25uZWN0SWQiOiI0QjdGNTM4RUJFRUI0MTgxOUJENThGNzQxQjE0NUUxQiJ9.U7Or7iGXxcA6zBe3MwL1GBm0TMjzj4HHk3RHJWYFEHo
153 points · 11 comments · view on lemmy.world
11 Comments
inari@piefed.zip · 56 pts · 102d
People losing money from betting? Who woulda thunk?
Lost_My_Mind@lemmy.world · 22 pts · 102d
I think the fact that bots are winning makes this whole thing a scam.
dou9m@lemmy.ca · 27 pts · 102d
They could have no bots at all and it would still be an obvious scam lmao.
Akasazh@lemmy.world · 13 pts · 102d
Gambling is literally a scam. A very addictive one too
IronBird@lemmy.world · 8 pts · 102d
the real $ in prediction markets (unless you have inside info) is in knowing how to arbitrage a spread, making a bot to do so is pretty straitforward.
that's how the majority of the stock market works as well, the biggest casino in town.
dan1101@lemmy.world · 11 pts · 101d
Yep exactly how gambling works. Most people lose. But gamblers think they are special and they will be one of the few who win.
silence7@slrpnk.net · 2 pts · 102d
Not an unexpected outcome, but it's notably worse than with classic casino gambling because of the always-available model those firms have.
Tollana1234567@lemmy.today · 1 pts · 102d
gamblers losing money , saying it aint so?
CapuccinoCoretto@lemmy.world · 4 pts · 101d
I still can't believe prediction markets exist. Every bet requires a counterparty and information asymetry means its not a market, its a killing field going up against rigged bets just like this.
Billie, you're a genius
Enough to be a fool
A fool to gamble everything
And never know the rules
Some of us can only live
In songs of love and trouble
Some of us can only live in bubbles
SaharaMaleikuhm@feddit.org · 4 pts · 102d
What is this bs website? I get the article on half my screen. I am not reading that shit
MedicPigBabySaver@lemmy.world · 4 pts · 101d
I liked: Last Week with John Oliver episode on these scam sites.
Just another straight up Scam by scumbags that lie and make up stories IN PLAIN SIGHT!