Polymarket haters unite

[Dunamisx]

The issue of how Pokymarket, Kalshi and prediction markets in general (but especially crypto based ones) are treating real life issues is beyond disgusting. There's a ton of insider trading and even incentives for parties involved to make outlandish claims to sway the market or just in some instances seeing instituojs outright go out of their way to change results.

I don't trust the process at all when it comes to pulling market because of the entire procedures are unfavorable to me and I'm not tune to go along with such no matter how thirsty I am to gambling, this same view is what many have towards prediction market and that is why you can discover that many are low so much interested in playing such, that it is easily manipulated no matter how hard you try you may never have a winning opportunity.

[nelson4lov]

The biggest downfall of  polymarket is insider trading it. I liked the fact that we can now bet on events and make money from events we couldn't make money from initially but insider trading spoiled it. I've seen this happen one too many times and it has made me stayed away from gambling over there. The only markets I might indulge it is sports markets because I feel those are not easily manipulated especially in big leagues.

[SamReomo]

Insider trading is a big concern for the ones who are against markets like Polymarket, I've not used Polymarket myself but I believe someone can use it to gamble on events, but surely if there's insider trading then the gambling can fail and the end result will be loss of money. I've also noticed that one can bet on value of Bitcoin prediction in 5 mins and there can't be any type of insider in such type of events.

[STT]

These bets were always possible, I made bets like this through a mainstream company before BTC was around even.  The variety and volume is much bigger now I think, it was just a niche product back then and mostly around finance markets but it was still set as a betting market.
  The biggest change now would be it being anonymous, insider dealing which enables event manipulation.

[Russlenat]

  The biggest change now would be it being anonymous, insider dealing which enables event manipulation.

This is exactly the kind of thing big regulators like the US usually don’t like, yet they still managed to get a license. I think it’s about time they get reviewed properly since there have already been a lot of complaints about these prediction markets.

The type of markets they offer are starting to look unethical, and if this continues, it could become a bigger issue moving forward.

https://www.cftc.gov/IndustryOversight/IndustryFilings/TradingOrganizations/49571

Organization: QCX LLC d/b/a Polymarket US

Status: Designated

Date: 2025-07-09 00:00:00

Remarks: QCX LLC is now operating under the assumed name of Polymarket US.

[Hispo]

I would not say I am completely a hater of polymarkets and other similar services, because in the end of the day, people are supposed to do whatever they want with their money.

I just wished they did not have such stupid and frivolous markets on whatever Trump could say during a speech or the chances of Elon Musk posting stuff on Twitter (X).

Prediction markets are supposed to be about geopolitics, sports, elections and important happenings within our modern world. It is ridiculous to have markets on whether Trump will say "Israel" or "Democrats' during his next address to the nation...
Not even mentioning the huge market on privileged information which is being abused by those in power to screw us all over.

[fullfitlarry]

  The biggest change now would be it being anonymous, insider dealing which enables event manipulation.

This is exactly the kind of thing big regulators like the US usually don’t like, yet they still managed to get a license. I think it’s about time they get reviewed properly since there have already been a lot of complaints about these prediction markets.

The type of markets they offer are starting to look unethical, and if this continues, it could become a bigger issue moving forward.

https://www.cftc.gov/IndustryOversight/IndustryFilings/TradingOrganizations/49571

Organization: QCX LLC d/b/a Polymarket US

Status: Designated

Date: 2025-07-09 00:00:00

Remarks: QCX LLC is now operating under the assumed name of Polymarket US.

There have been states in the US that are against, like the following:  Tennessee, Connecticut, Arizona, Illinois, Nevada, and Massachusetts.

https://www.theblock.co/post/385002/polymarket-faces-first-state-level-cease-and-desist-from-tennessee-weeks-after-us-relaunch-report

So by all means, it's being subjected by the US not just Polymarket but another prediction site Kalshi. Very hard for them to really thrive and now that another issue has been magnified specially someone making millions as it's obvious that there is insider information that comes with that listing and bet.

[Russlenat]

There have been states in the US that are against, like the following:  Tennessee, Connecticut, Arizona, Illinois, Nevada, and Massachusetts.

https://www.theblock.co/post/385002/polymarket-faces-first-state-level-cease-and-desist-from-tennessee-weeks-after-us-relaunch-report

So by all means, it's being subjected by the US not just Polymarket but another prediction site Kalshi. Very hard for them to really thrive and now that another issue has been magnified specially someone making millions as it's obvious that there is insider information that comes with that listing and bet.

Though Polymarket is the most popular, they were banned in the US before. But Kalshi seems to have a much clearer path since they were able to get a license.

So sometimes it really makes you think, is the US actually doing the right thing here, or are their decisions just tied to how much money they can get from taxes and other channels. I don’t know. It just starts to feel less about what’s ethical and more about what benefits them financially.

That’s why for me, this looks like it goes beyond ethics already. It feels more like policy is being shaped around money first, then ethics just comes after.

[cryptoaddictchie]

So sometimes it really makes you think, is the US actually doing the right thing here, or are their decisions just tied to how much money they can get from taxes and other channels. I don’t know. It just starts to feel less about what’s ethical and more about what benefits them financially.

That’s why for me, this looks like it goes beyond ethics already. It feels more like policy is being shaped around money first, then ethics just comes after.

Maybe polymarket really didnt follow the policy unlike Kalshi. Ethics are beyond understanding when it comes to US, if it involved a freat dsal of money their really gonna do whats favorable to them. Trump seems to relly dig in on this matter. I always noticed these two on CT and theres supporters and fudders for both typically their own users too.

Prediction market is just new but making a lot of issues lately, I heard a kol said this is the new big narrative on web3 thats why there still many are into it.

[jeremypwr]

I'm not too familiar with these prediction markets but they are beginning to promote all over the place.
Regarding insider trading, this is probably the main reason why I would never invest too much into them.
If I would use a prediction market, it would be only for a sports match where insider trading is impossible.

[yhiaali3]

So by all means, it's being subjected by the US not just Polymarket but another prediction site Kalshi. Very hard for them to really thrive and now that another issue has been magnified specially someone making millions as it's obvious that there is insider information that comes with that listing and bet.

Why is it "Very hard for them to really thrive"? They are already succeeding and their businesses are thriving despite all the pressure that regulators are rumored to be exerting on them. If that is true, why don't they shut them down?

Corrupt money in the United States does anything, so I wouldn't rule out that Polymarket or others with huge returns are offering money or support to some politicians to turn a blind eye to their business dealings.

[Dr.Bitcoin_Strange]

Well, just like the manipulation in some sports games and also with how some casinos manipulate their games, I do believe that these prediction markets will also grow more corrupt as time proceeds, I feel so because with the different activities that they allows for prediction in their platform, most of those activities can be easily influenced by them and they will most likely do it to make sure that a lot of people fail the prediction.

[CryptoHeadlineNews]

I don’t like Polymarket because it can be manipulated due to the bet they are offering that can easily abused by an inside trader and who knows if there’s a collusion happening between polymarket and other services to the person with inside trader.

Even the interest on betting on non-sports game that is not already ethical was practiced by this services so I don’t touch this service at all and stick to sports betting only.

Yes, it is no doubt that games on the Polymarket prediction sites can truly be manipulated, most especially the political aspects of it, ans because of that reason, if you wants a genuine game that can't be manipulated, then you can literally stick to the Sport predictions on the Polymarket games. Because one thing i noticed about this Polymarket is the fact that it gives us the privilege to gamble on almost everything that affects our society, be it either Sport, politics, Games, Movies, crypto  and even finance. And it's always good you follow that which you have great knowledge on.

[Porfirii]

Well, just like the manipulation in some sports games and also with how some casinos manipulate their games, I do believe that these prediction markets will also grow more corrupt as time proceeds, I feel so because with the different activities that they allows for prediction in their platform, most of those activities can be easily influenced by them and they will most likely do it to make sure that a lot of people fail the prediction.

Yes, but in sports games manipulations mean that a team/player wins or losses the match, and that's all, nobody dies, nobody suffers apart from fans and people who bet on these games. But when talking about prediction markets we are referring to events from elections to genocides... that have direct and real impact in the lives of many people. Those who don't see the immoral part of betting on war have a real problem.

[Slow death]

The truth is that people have always enjoyed betting on any event, even when this type of platform didn't exist. People bet with friends and relatives on whatever events they wanted. Who hasn't ever bet something with a friend that had nothing to do with sports? For example, betting on who would pass to the next class, betting on who would arrive first somewhere, betting on who would become president of their country. People have been betting on these kinds of things for many years. They just didn't have an internet platform with this market and many clients for everyone to bet on.

Now, this type of betting opens up space for strange markets, such as betting on wars, betting on deaths. These are markets that I honestly wouldn't bet on and consider wrong. But that's just my opinion, and manipulation will always exist on these types of sites.

That's because there will always be people who know about a certain event first, while most people don't. Therefore, it's up to those betting on this market to be aware of this high risk of manipulation. I believe the site will take measures against manipulation, but it will be a very difficult task.

[YOSHIE]

Polymarket haters unite

In my personal view, maybe I shouldn't hate predictive betting sites like polymarket.com, but I just don't like them making predictive bets about someone's personality.
Example:

Will the Iranian regime fall on April 30? (card icon)
Will the Iranian regime fall on April 30?

In my view, this bet is too harsh for high-ranking officials of other countries, because of greed and many other things that corner other countries or high-ranking countries.
But in it doesn't matter to me the predictions they make in sports betting, Bitcoin, financial markets, politics such as elections, technology, culture, economics and so on, as long as they don't make bets on other people's lives are not a problem for me.

[Smartprofit]

In my opinion, the Polymarket prediction platform (and similar platforms) is a completely unique phenomenon in the modern world! I don't mean to criticize or berate these platforms. I view their emergence as an objective reality. Yes, we have such a phenomenon now... And I think it's very interesting! 🙋

Yes, there are a lot of insiders on the Polymarket platform. But is that a bad thing? Thanks to them, we have the opportunity to receive accurate information. And this is very important in a world where everyone lies like Pinocchio.

The predictions made by participants in such platforms usually come true. This is because the people placing bets are experts in their field, not ordinary people. No one wants to lose their money. Therefore, if people place bets on Polymarket, they are usually either competent or informed. In a world of corrupt media, platforms like Polymarket publish the truth. And by the way, many politicians don't like this! That's why there have been many attempts to block Polymarket. Why have they failed?  One answer to this question is that intelligence agencies and politicians also need accurate information.

I believe the Polymarket platform has a right to exist in our imperfect world. 🧑‍⚖️

[Mahiyammahi]

Maybe you don't like the prediction market, because there are many trivial or unnecessary predictions here - such as whether Donald Trump will say anything about Bitcoin this week, or how many tweets Elon Musk has made - there are also separate predictions.

But if you are annoyed by insider trading, then you should remember  it happens not only in the prediction market, but in almost all cases in one way or another. For example, last week there was trading using insider information on the price of oil.

So in my opinion, if you can put the insider trading issue aside, then it is possible to enjoy the prediction market. It is not a bad thing in itself, and no one is forcing you to participate in it. There are countless predictions here  you can choose any one of your choice and participate.

[KTChampions]

A rather strange topic. I could understand it if you were criticizing the mechanics of prediction markets, there are indeed many problems there, ranging from the vague terms of the bets and the fact that the outcome is determined by a small group of people (who can make mistakes) to censorship (because of moralistic idiots, some markets are closed, for example, on death or nuclear war).
But your complaints are literally "I don't like the idea itself." Maybe if you don't like these services, you should just ignore them? Fixed games, manipulation, etc. have existed long before even bookmakers.

[alani123]

A rather strange topic. I could understand it if you were criticizing the mechanics of prediction markets, there are indeed many problems there, ranging from the vague terms of the bets and the fact that the outcome is determined by a small group of people (who can make mistakes) to censorship (because of moralistic idiots, some markets are closed, for example, on death or nuclear war).
But your complaints are literally "I don't like the idea itself." Maybe if you don't like these services, you should just ignore them? Fixed games, manipulation, etc. have existed long before even bookmakers.

Would you like the idea of execution? I assume no.
Would you like the idea of war? Probably no either.

So when someone comes along and monetises murder, war, pestilence, death, suffering, failure, sorrow etc. Provides incentives directly or indirectly to scam each other based on manipulation or mere interference, why would there be an ethical way to do it? Some activities are bad from the getgo without any excuses.