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Corbin Page
@corbin.eth
Huge win for Polymarket last night! Information markets are the true leading signal now, not polls. Started with this election but will be routinely cited for many more events going forward by both legacy and new media.
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Elie
@elie
Betting markets have existed forever 😂 this isn’t the first election people bet on. And you can’t judge signal by a single event. I was citing betting odds for Trump in 2016. And it was happening way before that too. Most people won’t beat the markets but would be silly to say Polymarket predicted this election given it was giving it only 60-40 odds for Trump.
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Corbin Page
@corbin.eth
Yes PMs have been around for a while and yes Polymarket wasn't perfect on the election. It's a market like any other. But it's hard to deny that they didn't cross over to mainstream folks during this cycle. That's really important and exciting.
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Elie
@elie
Betting is pretty mainstream in other countries like the UK. I don’t find it important or exciting that it’s easy to bet there. Maybe it feels new for the US. Most betting goes towards sports with election betting getting a spike every few years.
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Elie
@elie
It is nice that all the fake gurus can now put money where their mouths are. Although most won’t and will instead talk about how they were so smart once the results come out.
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