silence7@slrpnk.net to Technology@lemmy.worldEnglish · 5 hours agoMost 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.www.bloomberg.comexternal-linkmessage-square8fedilinkarrow-up173arrow-down12
arrow-up171arrow-down1external-linkMost 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.www.bloomberg.comsilence7@slrpnk.net to Technology@lemmy.worldEnglish · 5 hours agomessage-square8fedilink
minus-squareLost_My_Mind@lemmy.worldlinkfedilinkEnglisharrow-up9·5 hours agoI think the fact that bots are winning makes this whole thing a scam.
minus-squareAkasazh@lemmy.worldlinkfedilinkEnglisharrow-up4·3 hours agoGambling is literally a scam. A very addictive one too
minus-squaredou9m@lemmy.calinkfedilinkEnglisharrow-up13·4 hours agoThey could have no bots at all and it would still be an obvious scam lmao.
minus-squareIronBird@lemmy.worldlinkfedilinkEnglisharrow-up3·4 hours agothe 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.
I think the fact that bots are winning makes this whole thing a scam.
Gambling is literally a scam. A very addictive one too
They could have no bots at all and it would still be an obvious scam lmao.
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.