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FBI Raids Home of Polymarket CEO Shayne Coplan

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249 points jaboutboul | 1 comments | 13 Nov 24 21:29 UTC | HN request time: 0.2s | source
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beejiu ◴[13 Nov 24 22:09 UTC] No.42130650[source]▶
Can we please stop calling them "prediction markets". This only legitimizes what they really are, "gambling exchanges".
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pembrook ◴[14 Nov 24 00:03 UTC] No.42131641[source]▶
I presume you also feel strongly that people should call health/life/car/homeowners insurance "gambling?"

Because insurance is quite literally a prediction market.

Not trying to be snarky, I know certain religions actually do consider insurance to be gambling.

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1. Invictus0 ◴[14 Nov 24 01:08 UTC] No.42132079[source]▶
Insurance is not a prediction market whatsoever, not even a little bit. A market has a buyer and a seller; Geico does not allow you to bet on how many accidents will happen in America this year.