Is polymarket going to dominate vs online casinos?

[Fivestar4everMVP]

That is because polymarket  allows its customers to bet on the outcome of events that is happening in real life. So, events that you will likely find on the polymarket are based on real life event.

Now, are you trying to say that sports events aren't real life events? Football, basketball, hockey, table tennis, volleyball and so on, all this and many more are sporting events that are listed on various casinos, and I think you should know that they are all real life events, they don't happen in the visual world except visual matches.

To answer your question of whether poly will dominate over casinos, It will not and the reason why I think so is because casinos has a lot of games that players love to bet on for an instant short term reward, meanwhile the polymarket's bets is based on the event that is yet to take place. Most gamblers are gambling on casino games because they want instant reward.

OK, you are right here, but also understand that polymarket can as well decide to start listing such games that give gamblers near instant rewards, like maybe live matches and so on (if betting on this is not already available on the platform anyway).

Only games I think polymarket can not list for it's users is slot games, casino games, this games are games certified to give players instant reward incase of a win.
If polymarket will want to list this type of games, then it simply means that have become a casino and will definitely be treated as one.

[Don Pedro Dinero]

People started trying out the bets in polymarket since the US election because it seem to be getting popular when the mainstream media reported the platform.

Right. The first time I heard about Polymarket was on the occasion of the US elections.

When I finally tried it, I discover that most of the bets I do in casinos are also in Polymarket. Does anybody shifted as well?

No, but I've read on a casino forum that they are expanding their bets, which I understand is to compete with Polymarket.

it's hard to predict what they can implement in the long term. even with a massive marketing they have an hard competition ahead.
their biggest advantage should be related to the bets they are offering and volume! all gambling exchanges need enough volume to continue to operate.

Conversely, we cannot predict what the casinos will do. I think there will be a struggle to gain market share in this type of betting.

[Findingnemo]

It's not really competing against the casino platforms, it just has its own users who may not necessarily be a regular gambler and AFAIK it's not supporting cryptos too so I don't think not much people from this forum will be really using it. Just because it's mentioned in the social media will make a whole sweep of the market, it gained popularity that's for sure but I am leaning towards commoners just tried this platform and got their first hand experience.

[nelson4lov]

It's not really competing against the casino platforms, it just has its own users who may not necessarily be a regular gambler and AFAIK it's not supporting cryptos too so I don't think not much people from this forum will be really using it. Just because it's mentioned in the social media will make a whole sweep of the market, it gained popularity that's for sure but I am leaning towards commoners just tried this platform and got their first hand experience.

Correct.

Polymarket is a prediction markets platform which is very much different from a traditional casino and should be seen as such. It has a different product offering and most based off real life events. Even though some casinos offer crypto payments, Polymarket does so natively and in a fully onchain manner (aka, bet with your personal wallet rather than casino hot wallets).

Imo, both platforms will continue to co-exist with Polymarket servicing crypto native degens and while gambling casinos will do the same for traditional users. No zero sum games.

[Distinctin]

It's not really competing against the casino platforms, it just has its own users who may not necessarily be a regular gambler and AFAIK it's not supporting cryptos too so I don't think not much people from this forum will be really using it. Just because it's mentioned in the social media will make a whole sweep of the market, it gained popularity that's for sure but I am leaning towards commoners just tried this platform and got their first hand experience.

Yes, polymarket is a prediction market platform while casinos are a gambling platform so obviously, they are not the same. It's just that people could still find excitement from this prediction platform because it can actually create quite reliable future predictions like in sports, politics or even in things that we aren't thought of predicting. However, casinos are still a different level, there is higher thrill and excitement gamblers feel in a gambling platform.

[tread93]

Is polymarket going to dominate vs online casinos? You hear the news it happen like month ago that - FBI raids apartment of election betting site Polymarket's CEO and seizes cellphone, source says
The FBI raided Shayne Coplan’s home after the website's election betting market controversially predicted Donald Trump's win. - https://www.nbcnews.com/tech/tech-news/fbi-raids-polymarket-ceo-shayne-coplans-apartment-seizes-phone-source-rcna180180

If the US Gov want to take this seriously it could be doomed of the polymarket but if the polymarket could win the case maybe it goin to dominate the online casino

This just happened too which is so wild. I already almost forgot about this! Its nuts that it was so accurate, but just as I thought people put their money where their mouth is and so it was very telling and not much of a suprise when I saw the results of polymarket vs the actual election results. The FBI didn't need to be so firm it was likely just a display of muscle they've got to set the limits & standard I suppose. Is there any update from the CEO since that happened?

[aoluain]

It's not really competing against the casino platforms, it just has its own users who may not necessarily be a regular gambler and AFAIK it's not supporting cryptos too so I don't think not much people from this forum will be really using it. Just because it's mentioned in the social media will make a whole sweep of the market, it gained popularity that's for sure but I am leaning towards commoners just tried this platform and got their first hand experience.

Yes, polymarket is a prediction market platform while casinos are a gambling platform so obviously, they are not the same. It's just that people could still find excitement from this prediction platform because it can actually create quite reliable future predictions like in sports, politics or even in things that we aren't thought of predicting. However, casinos are still a different level, there is higher thrill and excitement gamblers feel in a gambling platform.

Who could find excitement on trying to predict one country invading another
or the outcome of war?

If odds were given on the number of people killed, raped or tortured would people
wager on that? Its human life, property, nature, its destruction - but yea obviously
some people dont see a problem with it.

Its another level from betting on an election outcome but I think its unethical to be
betting on war and destruction.

Its actually depraved to be offering bets like this and depraved to be betting on
those outcomes.

[ajiz138]

Correct.

Polymarket is a prediction markets platform which is very much different from a traditional casino and should be seen as such. It has a different product offering and most based off real life events. Even though some casinos offer crypto payments, Polymarket does so natively and in a fully onchain manner (aka, bet with your personal wallet rather than casino hot wallets).

Imo, both platforms will continue to co-exist with Polymarket servicing crypto native degens and while gambling casinos will do the same for traditional users. No zero sum games.

Does that mean Polymarket is more about using random bets which are not as popular or available in other casinos? That's the least we know about Polymarket.

In other words people prefer to bet on the absurd sometimes Polymarket provides that option, not sure if any user has ever won at Polymarket betting?

I don't think any year will be quiet, they will coexist and maybe they do both (traditional casino and Polymarket).

[stompix]

Who could find excitement on trying to predict one country invading another or the outcome of war?

The ones from the country invading? Look at how the Russians cheered back in 2022 and the whole country was full of Z signs!
Do you think if they had the option to bet on the number of victims they would have any remorse?

not sure if any user has ever won at Polymarket betting?

Of course people win, polymarket is by definition a market, you don't simply bet you buy an option that event will happen without anyone buying the opposite there will be no market, so it's impossible for it to not be even a single winner.

[davis196]

People started trying out the bets in polymarket since the US election because it seem to be getting popular when the mainstream media reported the platform.

When I finally tried it, I discover that most of the bets I do in casinos are also in Polymarket. Does anybody shifted as well?

Because from NBA, Football, Boxing and MMA are also in Poly. Anything actually, even the most horendous bet is on the platform even the question of whether there will be a WW3.

When you write "casino", you mean actual casinos(with poker, roulette, blackjack,etc.), am I right? Maybe you are talking about sports betting platforms rather than actual casinos. Yes, Polymarket can gain a big market share on the sport betting markets, but AFAIK, Polymarket doesn't charge any fees, which gives them a competitive edge. However, this will change in the future and they will start charging fees for sure.
Most sports betting platform look similar, while Polymarket works on a different mechanism(that seems more decentralized). Standing out from your competition is a must in the world of sports betting(and non-sports betting).

[mammusu]

People started trying out the bets in polymarket since the US election because it seem to be getting popular when the mainstream media reported the platform.

When I finally tried it, I discover that most of the bets I do in casinos are also in Polymarket. Does anybody shifted as well?

Because from NBA, Football, Boxing and MMA are also in Poly. Anything actually, even the most horendous bet is on the platform even the question of whether there will be a WW3.

When you write "casino", you mean actual casinos(with poker, roulette, blackjack,etc.), am I right? Maybe you are talking about sports betting platforms rather than actual casinos. Yes, Polymarket can gain a big market share on the sport betting markets, but AFAIK, Polymarket doesn't charge any fees, which gives them a competitive edge. However, this will change in the future and they will start charging fees for sure.
Most sports betting platform look similar, while Polymarket works on a different mechanism(that seems more decentralized). Standing out from your competition is a must in the world of sports betting(and non-sports betting).

Polymarket is a different casino compared to other casinos today, in fact they often offer predictions and bets that are actually beyond our logic and morals as humans, including bets on world war 3 and also nuclear war, but with offering bets on various topics, from sports to global issues, of course that's precisely what makes them more interesting compared to other casinos, because we can bet on various events that are happening in the world today.

[Dr.Bitcoin_Strange]

That is because polymarket  allows its customers to bet on the outcome of events that is happening in real life. So, events that you will likely find on the polymarket are based on real life event.

Now, are you trying to say that sports events aren't real life events? Football, basketball, hockey, table tennis, volleyball and so on, all this and many more are sporting events that are listed on various casinos, and I think you should know that they are all real life events, they don't happen in the visual world except visual matches.

To answer your question of whether poly will dominate over casinos, It will not and the reason why I think so is because casinos has a lot of games that players love to bet on for an instant short term reward, meanwhile the polymarket's bets is based on the event that is yet to take place. Most gamblers are gambling on casino games because they want instant reward.

OK, you are right here, but also understand that polymarket can as well decide to start listing such games that give gamblers near instant rewards, like maybe live matches and so on (if betting on this is not already available on the platform anyway).

Only games I think polymarket can not list for it's users is slot games, casino games, this games are games certified to give players instant reward incase of a win.
If polymarket will want to list this type of games, then it simply means that have become a casino and will definitely be treated as one.

Yea, all those sports games that you have mentioned are also real life event but based on what I earlier learned about polymarket as of 2020 that it launched, I did knew that their bet was mostly focused on politics, social and cultural events. They didn't mention sports events despite that it is also a real life events.

Like you already said, if they want to include other casino games that give players instant wining, that means they want to become a casino instead and based on what I said, there are thousands of gamblers who are playing different casino games in every minute and the reason why they are doing so is for instant reward, so if poly wants to compete, they will have to add all the casino game and become a casino.

[Findingnemo]

If odds were given on the number of people killed, raped or tortured would people
wager on that? Its human life, property, nature, its destruction - but yea obviously
some people dont see a problem with it.

Its another level from betting on an election outcome but I think its unethical to be
betting on war and destruction.

Its actually depraved to be offering bets like this and depraved to be betting on
those outcomes.

The chances of offering betting on such events are not just unethical but people will consider as a cruelty so it kind of give negative impression that will drive people away from using it even if they are not going to bet on such events. But betting on election results it's okay and also it engages people from all around the world not just the one country when the election is a country like USA.

[EarnOnVictor]

People started trying out the bets in polymarket since the US election because it seem to be getting popular when the mainstream media reported the platform. When I finally tried it, I discover that most of the bets I do in casinos are also in Polymarket. Does anybody shifted as well?

I didn't shift and I do not plan to shit. The Americans get to attract money from abroad but like to block capital flight. They did that in trading/investment and gambling, I don't see it cool sending my money to any American online casinos as well, the fairness can't be there.

Another thing that pissed me off was the mandatory sending of the crypto through USDC on the Ethereum blockchain even as I can withdraw through the polygon network. I don't know how the two correlate if not for another extortive plan with Vitalik.

[crwth]

With the sports betting and other entertaining stuff on the platform, it has really taken advantage of how it could really cater to gamblers. When I tried it, it felt like a different thing, and I think it is a good thing to try and go with the online casinos as well. I only tried batting on sports right now, but I haven’t fully explored the platform yet.

I believe it could go hand in hand in terms of what an online casino cannot offer and vice versa.

[khiholangkang]

With the sports betting and other entertaining stuff on the platform, it has really taken advantage of how it could really cater to gamblers. When I tried it, it felt like a different thing, and I think it is a good thing to try and go with the online casinos as well. I only tried batting on sports right now, but I haven’t fully explored the platform yet.

I believe it could go hand in hand in terms of what an online casino cannot offer and vice versa.

This is the same as the others they do provide a new experience to be able to withdraw the market both from the UI and UX, but in the end it will be the same, bonus and other offers at the casino become a determinant whether many people will be interested or not, also in several odds counts Given and how beneficial to playing there will be a big catalyst in the construction of a casino to be more advanced in the future, if they do not have innovation for the future, in my opinion they will stagnate and will only be hype just acting.

[Saint-loup]

Does that mean Polymarket is more about using random bets which are not as popular or available in other casinos? That's the least we know about Polymarket.

In other words people prefer to bet on the absurd sometimes Polymarket provides that option, not sure if any user has ever won at Polymarket betting?

I don't think any year will be quiet, they will coexist and maybe they do both (traditional casino and Polymarket).

I don't understand why it would more absurd to bet on real life event than to bet on sports and why it would be more difficult to win. You are able to predict if one team or one player will beat another one but you are not able to predict which candidate will win an election or which country will win a war. To be honest I think it's certainly more easy to get some good winnings on such platforms than on sporstbooks. Because you don't bet against a bookmaker offering odds there but against other players like you.

[bittraffic]

Does that mean Polymarket is more about using random bets which are not as popular or available in other casinos? That's the least we know about Polymarket.

In other words people prefer to bet on the absurd sometimes Polymarket provides that option, not sure if any user has ever won at Polymarket betting?

I don't think any year will be quiet, they will coexist and maybe they do both (traditional casino and Polymarket).

I don't understand why it would more absurd to bet on real life event than to bet on sports and why it would be more difficult to win. You are able to predict if one team or one player will beat another one but you are not able to predict which candidate will win an election or which country will win a war. To be honest I think it's certainly more easy to get some good winnings on such platforms than on sporstbooks. Because you don't bet against a bookmaker offering odds there but against other players like you.

Countries at war still have rules to follow that makes the war limited to what they would do. I even wonder why they would have to send warning to their enemy befire striking. Its kind of funny but its what is going on.

The only thing thatbis certain is that whoever have the technology to fight and the economy that can support their war is almost certain to win. It can be predicted who will win.

I guess those who can stomach this bloody war can wager like we do it on sports.