Comment by Aurornis
3 days ago
> Sports betting apps ban users who are too successful. Polymarket doesn’t.
Polymarket is set up as a market between users. Someone has to be on the other side of the trade.
With betting apps, the house is on the other side of the trade. If you're too good they choose not to trade with you.
The alternative for the betting apps is to give worse payouts to everyone to cover for the wins of the long-tail experts. This would degrade the experience for the average bettor on the platform. Maybe that would be a good thing because it would discourage them from playing, but I digress.
No comments yet
Contribute on Hacker News ↗