I get where you’re coming from, but the only ones that lose here are the suckers that think this is a fair game.
Predictionmarkets don’t work like a casino or sports betting. It’s more like a broker selling you futures on commodities. They don’t get a cut from people losing bets, they get their money via transaction fees. So they win, no matter if the wager is rigged or not. This means that they probably don’t really care about it, or any other rigged bets at all. I would guess they might even like it, because every time there is a big article about some rigged bet like this, they get free press exposure.
Hmfh, I’d put it down to some sort of money laundering scheme or political handout to supporters type thing, because there’s no way the house is winning when you can’t make reliable odds (short of a couple of insurance companies worth of actuaries) but now it makes a bit of sense, thanks.
Of course it’s probably both of those things, and I’m wondering where they get all the people betting against Trump stupidity, but the business plan is now understandable.
I get where you’re coming from, but the only ones that lose here are the suckers that think this is a fair game.
Predictionmarkets don’t work like a casino or sports betting. It’s more like a broker selling you futures on commodities. They don’t get a cut from people losing bets, they get their money via transaction fees. So they win, no matter if the wager is rigged or not. This means that they probably don’t really care about it, or any other rigged bets at all. I would guess they might even like it, because every time there is a big article about some rigged bet like this, they get free press exposure.
Hmfh, I’d put it down to some sort of money laundering scheme or political handout to supporters type thing, because there’s no way the house is winning when you can’t make reliable odds (short of a couple of insurance companies worth of actuaries) but now it makes a bit of sense, thanks.
Of course it’s probably both of those things, and I’m wondering where they get all the people betting against Trump stupidity, but the business plan is now understandable.