Comment by mpalmer
10 hours ago
I truly don't know how you wake up, read this story with your morning coffee, and go to work at a company like this.
10 hours ago
I truly don't know how you wake up, read this story with your morning coffee, and go to work at a company like this.
Same way anyone working at a traditional casino does, I'd imagine.
same as you. wake up, go to work, waste your day on hackernews, collect a big fat pay check, take a 2 week vacation to Disney world with the stacks your bringing in.
What the heck does the company (Polymarket) have to do with any of this?
There's nothing wrong with a prediction market. There are a lot of reasons why they're helpful in judging the probability of future events more accurately than any single analyst, and are therefore a net benefit to society, no different from newspapers and stock markets.
These are just individuals making criminal threats. They're the bad guys here. They don't work for Polymarket or anything. Your comment is like saying you can't imagine how anyone could go to work at the Olympics after Nancy Kerrigan got struck by Tonya Harding's ex-husband. Something criminal happened, but the Olypmics are not the one responsible.
What are the risks involved with the newspaper versus the risks involved with Polymarket?
Answer this and I think you'll discover that "no different" is actually quite different.
Regarding the stock market: nobody sane uses the stock market as an indicator for the future. People predict the stock market, not the other way around.
> What are the risks
I don't have the slightest idea what point you're trying to make with this. Journalists make lots of people unhappy with their reporting, if you're referring to risks to journalists? Indeed that's part of the job of being a truth teller.
> nobody sane uses the stock market as an indicator for the future
I don't think you understand. If you think you can do a better job of predicting the future than the stock market, you will become extremely wealthy. So how exactly do you think it isn't basically the best publicly available indicator of the future, specifically the net present value of future expected profits?
Sophisticated analysts absolutely use current stock prices/market value for modeling the future.
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I would bet it’s some combination of
1) “I believe in what we’re doing as a mostly positive force in the world”
2) “Eh, the money is good”
Probably the same way FB people feel, probably the same way Palantir people feel, etc etc
3) If I won't do it, someone even worse will.
Psychopaths don't care about ethics, much less if money is involved. At best they feel indifference, at worst enjoyment.