Ignoring how stupid this whole concept is, why is the payout based on news articles in the first place. Why would someone bet $900,000 again in the future if it’s possible for someone to force a bet in their favor through threats.
It’s like betting on whether Schrodinger’s cat is alive or dead, but you can’t open the box and the payout is based on what different journalists say about it.
“The attempt by these gamblers to pressure me to change my reporting so that they would win their bet did not and will not succeed,” Fabian said. “But I do worry that other journalists may not be as ethical if they are promised some of the winnings.”
He said that journalists are in a unique position to “exploit their knowledge for insider trading on the platform.”
Polymarket allows you to bet on literally anything, not just sports. It’s pretty crazy. You can bet how many days you think the Ukraine Russia war is on, you can bet if a certain person will make an appearance at the Oscars, you can bet when you think someone will die.
So if you bet that someone will die before a certain date, and your winnings would be more than the cost of a hitperson, that’s quite an incentive.
Similar things are already happening in the worst way you can imagine
Edit: one more
Yep, that’s many more deaths than one hit.
Sounds kind of like legalized racketeering.
The internet is a series of journalists
Why do people play the stock market? Highly manipulative by the rich. Put out some bad news, pull a huge number of shares. People are desperate to make money.
Ya know what im pretty sure its the death threats to referees from losing gamblers that keep sports like NBA, FIFA and NCAA so honest for this long. /s
Not very sporting I must say
So just like wealthy investors do but more directly? The real move is to own the media outlets and make them publish stories that convince other investors to buy your inflated stock.
Can I bet on if the reporting changes?
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