People don't play in corrupt markets for very long.
People don't play in corrupt markets for very long.
Information about a players wellbeing and their life goes a long way. Example, they would pay paper boys to talk to coaches to find out non public information. Such as if a player of the team is going through relationship problems.
Every important event in the world has dozens if not hundreds of people "in the know" before it happens. Not everyone has paper boys, chatty coaches, or the time/energy required to connect all those dots.
The entire flow insider information is reversed from "go out and look for it" to "invite it in anonymously"
It's a classic though for sure
To corrupt a sport bet, there needs to be an actual manipulation of events perpetrated by a very small, very closely watched and analyzed group of people (athletes or officials).
In my view, it seems immediately obvious that as prediction markets become even more mainstream (and so the billboard effect gets stronger), Polymarket bets will have a significantly higher rate of corruption than sports bets.
Forget it jake, it's Polymarket.
As the billboard glow inviting insiders to trade gets brighter, the markets get less useful, less fun, less interesting, and obviously less rewarding.