Comment by hunterpayne

Checks annuity tables for an 80 year old making it to 81...you giving 1:6 odds? Sure I will take that bet because the actual odds are only a small fraction. If I spread out the risk on multiple positions, I can make a very good return taking those types of bets.

People that place bets on the political outcomes on PolyMarket are from one of three groups: 1) Insiders who think they have an edge (but probably don't), 2) fools that believe what their media of choice tells them and 3) People who make money on the first 2 groups.

We both know that that the Trump market and people who believe everything they see on MSNBC (or whatever it is called now) have a big overlap. Its basically a way to print money because there are always people who are out of touch enough to believe their side is right 100% of the time and a <insert color here> wave is coming in the next election. Is this taking advantage of them? Maybe, but they are a walking negative externality in every other way in life so why not. Consider it a tax on political extremism and partisanship which I think it a good thing. Prove me wrong...