People in crypto do not understand betting markets.
Polymarket is nothing new. The idea of betting on events has existed for a long time.
Polymarket doesn’t have its own odds that differ from the wider betting markets. It can’t. Because otherwise there would be an arbitrage opportunity.
If you see US election odds on polymarket, you’ll find the exact same odds on betfair or bet365. Same with euro24 odds.
Maybe it’s because online gambling has been illegal in the US that many don’t understand it exists in other countries.

Lastly, polymarket having 25% odds of an event happening doesn’t mean the betting markets predicted anything. Eg the betting market saying Biden has 25% chance to drop out doesn’t mean they predicted he’s dropping out. It actually means the opposite. That the markets believe it’s unlikely he drops out but he could.

Lastly #2. If you ever think the betting markets are wrong / out of touch with reality, please just make a bet on your belief. When you lose try learn from it.

Building getinboxzero.com and sharemint.xyz.

I also run a YouTube channel, "Learn from Open Source": youtube.com/elie2222 

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

Then don’t gamble. I think the data these markets provide is fairly interesting anyway.

What if I believe gambling itself is wrong?

Hey Polymarket :) been using you a bunch this Euros :) As I did in previous competitions