The problem is that the genie is out of the bottle, even if you try to regulate it away it pops up in offshore jurisdictions and uses crypto. The ease with which polymarket can be manipulated is infinite because there are so many different random things you can bet on. It's a sign of our times and I don't think there is much that can be done about it by anyone.

Anything on the site? Yes. Anything at all? No - Polymarket themselves make the markets (and I think they have some partners that can make markets as well, but point is some random user cannot make a market).

Watching interviews with the CEO is cringe material to an extraordinary level.

Yep, you can bet on anything. Mike Selig is in charge of regulating it, and he's pretty zealous about suing any state regulators trying to exercise their right to regulate gambling. I think the days of the wild west are clearly numbered, but one guy with a burning passion and a big agenda (and the backing of Don Jr) can get a lot done in the meantime

They're banned in the USA and Europe, so you can't "just" make an account - you have to use a VPN.

As Ukrainian I find bets if some city would be captured - peak degeneracy. People are being sent to die or protecting their homes should not be someone bet.

John Oliver just did a segment on prediction markets. https://youtu.be/ZN4njIQcSR4

Turns out the US federal regulator is not doing their job, and is actively trying to prevent US states from imposing regulations.

Our zeitgeist is now "the grift is the goal."

I'm worried it will set the tone against all markets and trading, which would be very regrettable.

Unlikely regulators will do anything given Trump's son is involved with both companies.

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