alt Hacker NewsNo, incentives aim for whatever gives a return - not an objective neutral verdict-of-the-crowd. It requires a regulator to be active.
Read about the whale trades and wash trades on Polymarket: https://news.ycombinator.com/item?id=41999743
No, incentives aim for whatever gives a return - not an objective neutral verdict-of-the-crowd. It requires a regulator to be active.
Read about the whale trades and wash trades on Polymarket: https://news.ycombinator.com/item?id=41999743
Yes the incentive alignment is what I was referring to when I mentioned that prediction markets have their own issues.
I'm not convinced wash trading is a huge problem as it's mostly about generating fake volume. The particular linked example is bad too because Trump did end up winning the election.