Not surprising if true. The industry is full of immoral douches who think they are above being regulated, so of course it's not surprising when they behave unethically.
> a multi billion dollar casino with rules that can change and you have no option to legally fight it
Why is there no way to legally fight this? Is polymarket too de-centralized? Or incorporated in a jurisdiction where that's not feasible? Or are "you can't sue us" ToS actually enforceable here?
how did we went from being all vocally aware that HFT is a scam that we will never get into, to falling to the lowest denominations of scams just because you can be the patso?
> I supported Polymarket for years because I believed they represented crypto values.
>
> In fact, their platform is simply another bucketshop where if you bet too much, you're going to get cleaned.
Please, tell me more about these “crypto values”. Are they values like, “no regulations,” “rug pulls,” “funding ransomware”?
Then he kept playing a market that was already fully decided, when the only step left was to resolve the outcome. I believe the relevant adage here is "You can't cheat an honest man."
With that said, any trades after a market has concluded but before it is officially resolved should be voided. The market should close at the end of the time window (or the time of the resolving announcement, if that's the relevant trigger point).
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[ 0.26 ms ] story [ 31.8 ms ] threadWhy is there no way to legally fight this? Is polymarket too de-centralized? Or incorporated in a jurisdiction where that's not feasible? Or are "you can't sue us" ToS actually enforceable here?
how did we went from being all vocally aware that HFT is a scam that we will never get into, to falling to the lowest denominations of scams just because you can be the patso?
> I supported Polymarket for years because I believed they represented crypto values.
> I supported Polymarket for years because I believed they represented crypto values. > > In fact, their platform is simply another bucketshop where if you bet too much, you're going to get cleaned.
Please, tell me more about these “crypto values”. Are they values like, “no regulations,” “rug pulls,” “funding ransomware”?
Then he kept playing a market that was already fully decided, when the only step left was to resolve the outcome. I believe the relevant adage here is "You can't cheat an honest man."
With that said, any trades after a market has concluded but before it is officially resolved should be voided. The market should close at the end of the time window (or the time of the resolving announcement, if that's the relevant trigger point).