Comment by bawolff
9 hours ago
On the other hand we have had stock markets forever. Sure you couldn't directly bet on e.g. if trump would invade iran, but you could indirectly bet on it by betting on things like the price of oil.
I dont think this is a new threat.
It's all fun and games until someone decides to bet $100K that someone they don't like won't die via assassination this year.
It was the crash of the stock markets that eventually created the social situation that pushed people into WW.
Comparing crusty old stock markets to the mass appeal of shiny, low-barrier-to-entry Polymarket is somewhat naive.
Polymarket is way higher barrier to entry than the stock market. For starters you need to sent ETH over the Polygon network. Stock market is in dollars.
I don't think Polymarket even allows US people yet, but Kalshi you can fund with a credit card even.