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[–] 83 points 7 months ago (4 children)

I do rather hate that so many news orgs seem to be using polymarket et al as a drop-in replacement for actual polling, because polymarket is loosely affiliated, if at all, with reality. It’s a fucking betting platform. There’s nothing scientific or statistical about it that aligns with demographic realities.

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  • [–] 10 points 7 months ago*

    But at the same time Polymarket seems a bit like a self fulfilling prophecy - because Polymarket says something, it by itself increases the odds of that event happening; and in the cases where it isn't this way, look for the large amount of bets 2 hours before the event in questing, a.k.a the "GOP spike".

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  • [–] 3 points 7 months ago

    On the other hand, it's well designed to surface inside information. Exactly the thing that lots of people complain about, but it's a good thing if you'd like to use the prediction market to make predictions like this.

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