Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains | Data from millions of accounts shows that trading and profits are dominated by a tiny slice of highly active accounts.

silence7@slrpnk.net · 2 days ago

Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains | Data from millions of accounts shows that trading and profits are dominated by a tiny slice of highly active accounts.

inari@piefed.zip · 2 days ago

People losing money from betting? Who woulda thunk?

dan1101@lemmy.world · 2 days ago

Yep exactly how gambling works. Most people lose. But gamblers think they are special and they will be one of the few who win.

Lost_My_Mind@lemmy.world · 2 days ago

I think the fact that bots are winning makes this whole thing a scam.

dou9m@lemmy.ca · 2 days ago

They could have no bots at all and it would still be an obvious scam lmao.

Akasazh@lemmy.world · 2 days ago

Gambling is literally a scam. A very addictive one too

IronBird@lemmy.world · 2 days ago

the real $ in prediction markets (unless you have inside info) is in knowing how to arbitrage a spread, making a bot to do so is pretty straitforward.

that’s how the majority of the stock market works as well, the biggest casino in town.

silence7@slrpnk.net · 2 days ago

Not an unexpected outcome, but it’s notably worse than with classic casino gambling because of the always-available model those firms have.

Tollana1234567@lemmy.today · 2 days ago

gamblers losing money , saying it aint so?

Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains | Data from millions of accounts shows that trading and profits are dominated by a tiny slice of highly active accounts.

Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains | Data from millions of accounts shows that trading and profits are dominated by a tiny slice of highly active accounts.

Bloomberg - Are you a robot?