alt Hacker NewsExactly, the existence of alternatives is mostly what keeps the price non-zero. I think counterparties who are actually betting on Jesus returning will be quite rare. So I wouldn't feel bad about taking money from saps, more about just getting a bad rate of return for yourself.
Yeah, maybe a bad example on my end.
Still, I just find the idea of turning everything in politics into a casino kind of gross. Taken to the extreme it can get pretty disgusting.
Like, imagine that there were a Polymarket of "Will COVID deaths break 1 million?" or "Will <Insert Serial Killer> Take His Fifth Victim?".
These are hyperbolic examples and I'm not saying that anything on Polymarket is that bad, but even the stuff that's currently on there right now like "Khamenei out as Supreme Leader of Iran by March 31?" [1] or "Israel strikes Iran by February 28, 2026?" [2] seems kind of crass. These are real issues that have real consequences that affect many real humans (who are no less valuable than me) and people are treating this shit like a fucking game.
I'm not accusing you of that, to be clear, it's just why I find Polymarket to be gross and I'm not sure it should be legal.
[1] https://polymarket.com/event/khamenei-out-as-supreme-leader-...
[2] https://polymarket.com/event/israel-strikes-iran-by-february...