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Ansgar
@ansgar.eth
The timing on this is ridiculous - my first ever larger size polymarket bet, and that just so happens to be seconds before someone comes in with almost $1M to shift that market 4% in the other direction, in an (unsuccessful) attempt to win a secondary market… https://x.com/jon_charb/status/1832112496968171679
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✳️ dcposch on daimo
@dcposch.eth
Polymarket should ban self-referential markets > creates too much upside for manipulators.
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Ansgar
@ansgar.eth
Not sure I agree actually! These types of temporary market inefficiencies just provide incentives for actors to come in and bring them back to the true equilibrium. E.g. in my case I bought some more (cheaper) shares once I noticed the drop. Given that my underlying conviction didn't change, that was free money.
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Ansgar
@ansgar.eth
In general my guiding principle in these questions is "don't solve via rule enforcement what can be solved via markets", even if those markets sometimes need some time to mature and become efficient.
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