Why I trust sports betting over prediction market

[l99l]

Both can be at risk of having an insider. But there are more chances that it will most likely occur in the prediction market since there are no visible teams there that would play against each other but is just solely predicting the outcome of real-world events which can be easily rigged if there is an insider who get to gain advanced knowledge of the prediction bet.

However, it still relies on the preference of every bettor. Some would enjoy betting on prediction market while others get thrilled more betting in sports betting.

This is possible in both prediction markets and sports betting. There may be people with inside information.
In sports betting, even if we don't know the outcome of the match, it's easy to influence the game, and this is done in some leagues. In some leagues, we may not even know about it, or it may not happen. It varies from person to person some prefer sports betting, others prefer prediction markets. It's entirely up to the individual. Or they may prefer both.

[Dogedegen]

I believe the issue is no longer about compliance with regulatory laws or KYC, but rather for most countries it has become a matter of national security threat because these markets pose a risk due to the leakage of sensitive information or even the influence on the country's policy.

I think you are overestimating the importance of Polymarket and prediction bets. Violations of national security and the leaking of data, intentional and unintentional happened even before prediction markets became a thing so this is nothing new. If it really bothered the countries, they can just regulate them to forbid these kind of bets and the problem is solved. Prediction markets are not going anywhere because people are addicted to news these days, so it it a product that is very easy to sell.

Personally, I like to use prediction markets because they're more decentralized, but they can really be taken advantage of by those in power. It's not the best thing to participate in, but I'm aiming to be more decentralized.

It's hard to predict, and it's prone to manipulation, so I would stick to platforms built on predictions and just bet on plays that aren't easily manipulated.

I'm just looking at the platform.

I said it before in this thread, that some people are able to win has no impact on you as the player as long as you are not making your bets based off of the odds on the market. But if you are doing that then you are betting the wrong way and doing it quite in a lazy way, so the issue would still be the player and not that someone has insider information. The insider information thing is more an issue when it comes to leaking or using information that should not be public as the user gave an example, matters of national security.

[Ever-young]

This is possible in both prediction markets and sports betting. There may be people with inside information.
In sports betting, even if we don't know the outcome of the match, it's easy to influence the game, and this is done in some leagues. In some leagues, we may not even know about it, or it may not happen. It varies from person to person some prefer sports betting, others prefer prediction markets. It's entirely up to the individual. Or they may prefer both.

I think this is very possible on both the prediction markets and sports betting, and the reason for this is simply because it’s possible that some people may actually have some kind of an insider information or other ways of  influencing outcomes, especially in the underdog leagues. But inasmuch as the possibility of this happening actually exists, there are still exceptions to the leagues that this can affect.

[r_victory]

Lately, the credibility of betting markets has been widely questioned. I believe they are easier to manipulate, especially if whoever created the contract has some kind of privileged information. Of course, we can't generalize, but it's easy to see that these platforms have suffered more interventions from authorities than casinos. It can't just be persecution; something must be very wrong.

[Chibit01]

Don't trust but verify first. Prediction market is something which have so much loophole just few years of it's popularity compared to sport betting which have been out there for long now, in this prediction market majority of the offers are won by those who have access to information and took advantage of it, in sport betting the level of information you get your hand on depends on your level of research which makes sport betting safer in terms of Bettors interest than prediction market.

[JiiBs]

Well, the case is still on going and if I'm not mistaken the soldier has pleaded not guilty on court. But, if this allegations are true, then a single person or a group of people can make tons of money on something that they knew in advance before the public does.

This goes to emphasize on some of the reasons why those who are in the government service like politicians, gamblers and those who actively participate in activities that we gamble on aren’t allowed to gamble. There is alas the chances of insider information and these can prove very useful as a speculation tool. At times, gamblers can make predictions on activities that they would execute themselves.
So, I suppose they aren’t wrong on their accusations but, it still needs proving and if they can’t do that, Bernie’s won.