That’s the academic theory behind these markets, but there’s no actual value to knowing who the most searched celebrity will be or any of this other garbage. It’s just an unregulated casino with guesses about the popularity of Google searches instead of guessing black or red.

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hellojesus 5 hours ago | parent | next [-]

If it's unregulated, how are people getting charged with insider trading?

	▲	rcxdude an hour ago \| parent \| next [-]
		It's not being regulated as a casino (which would limit what the casino could do). It is being regulated, to a limited extent, like a commodity market (which does limit what the participants can do).
	▲	jliptzin 4 hours ago \| parent \| prev \| next [-]
		If 0.01% of people engaging in insider trading are caught and prosecuted, it is effectively unregulated.
	▲	AtNightWeCode 30 minutes ago \| parent \| prev [-]
		I believe Polymarket wants it to fall under the regulations of cftc as it is implemented like an option/event contract. And cftc says that they don't care about which technology is used. But as far as I now this is the first case it will be tested for real and the views of cftc and a judge may not be the same. I fail to see how it can be classified as insider trading. But, it is till fraud so I'm not sure how much it matters in the end.

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5 hours ago | parent | prev | next [-]

[deleted]

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solarkraft 5 hours ago | parent | prev [-]

It’s not rare nowadays that speculation on some topic will include the Polymarket rates. Google searches: Maybe not. Maybe that’s just gambling for the fun of it.