Newly created Polymarket accounts win big on well-timed Iran ceasefire bets
27 points
1 hour ago
| 4 comments
| theguardian.com
| HN
xoxxala
9 minutes ago
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There's a saying in poker that if you sit down at the table and can't immediately find the donkey(1), you are the donkey. At some point, anyone playing around in a prediction without insider info will be the donkey.

1: https://en.wikipedia.org/wiki/Glossary_of_poker_terms#donkey

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vlovich123
23 minutes ago
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Given the accused breaking of ceasefire shortly after agreement, not sure how this bet really gets paid out.
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jagged-chisel
8 minutes ago
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There were people who bet against… if there’s no one on the other side to take the opposite bet, you don’t have a bet. And you won’t get a payout.
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KumaBear
32 minutes ago
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Just imagine how bad insider trading is on other markets. Stricter laws and crack downs should be implemented globally.
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mandeepj
5 minutes ago
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They aren't looking to prosecute many people https://www.reuters.com/legal/government/us-sec-says-it-file...
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sethops1
5 minutes ago
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Once upon a time, people went to jail for insider trading on the stock market. Like that was an actual thing that was enforced with rigor.
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MetaWhirledPeas
33 minutes ago
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I wonder if this sort of corruption will become a new negotiation tactic. Give us what we want and we'll delay the announcement long enough for you to make preparations.

I don't know how Polymarket works, so maybe you can enlighten me: can Polymarket be subpoenaed to provide the recipients of the payouts? Is there some insulation to keep them ignorant of their identity?

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KumaBear
31 minutes ago
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There is a reason they deal in crypto and are not headquartered in the US
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