What would happen to those platforms if governments and rich people deliberately made a bunch of $35k bets that were designed to lose, making all the copycat gamblers lose?
BTW, who is responsible for preventing new bets after the event has occurred, but before the event expiration time?
That’s the point of those platforms, to bribe the people with that knowledge to reveal it.
What would happen to those platforms if governments and rich people deliberately made a bunch of $35k bets that were designed to lose, making all the copycat gamblers lose?
BTW, who is responsible for preventing new bets after the event has occurred, but before the event expiration time?
They would still make money since they take a cut off every bet. Just not as much as selling their insider data.
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Which, fwiw, night be a feature not a downside? Transparency if the fact is juicy enough.