Does it need to be regulated? This isn’t pension funds placing bets risking people’s investment money.

People using Polymarket are gambling on pretty random things and must understand the risk , whether it is on major geopolitical events or someone counting cars going through a junction these events can all be manipulated pretty easily.

People want to gamble on random things? Let them.

If anything is regulate the other side, people in government can’t use sites like polymarket because I don’t want them making stupid decisions so bets fall one side or another.

Who do you think places those bets

The leaders are the ones profiting from it.

It's even worse. A federal court just ruled that these markets cannot be meaningfully regulated by states because they are selling financial instruments rather than providing a gambling platform and federal law preempts state regulation on these financial instruments.

Because they're the ones doing it and they have the power? Sorta inevitable outcome of markets in everything, really.

I mean... insiders are betting on war crimes. Yes, the insider betting is bad but it doesn't even touch the edges compared to committing war crimes. And if the government is committing war crimes, why would they care about something so inconsequential as betting on them?

They’re the ones doing it lol

I wanted to reply, but I think I just don't understand your comment at all.

Are you saying the "sector of betting on shit that can clearly be insider-traded" is illegal? Does that include like gold and S&P500?

The way I see it, prediction markets' main function is to connect gamblers with insiders posessing useful information. Are you concerned for the gamblers losing? But they were gonna lose anyway, one way or the other. Or are you concerned about the insiders winning? Sucks, but at least the public gets information by way of the prediction market being more accurate.