Polymarket Says It Deals in Truth, but Its Social Feeds Are Filled With Falsehoods - The New York Times

kept by eddie mar 21

A NYT review found Polymarket's social media feeds contain hundreds of false and misleading claims, contradicting its stated mission of dealing in truth.

Prediction markets are ushering in a world in which news becomes about gambling
Prediction markets like Polymarket incentivize manipulation and gambling on news events, risking public trust by merging information with financial speculation.
also on #misinformation, Polymarket, #culture
The Mushroom Gummies That Claim to Stimulate Your Brain - The New York Times
Many mushroom gummies marketed for cognitive benefits contain undisclosed, potentially harmful stimulants and nootropic compounds rather than the advertised fungi.
also on #misinformation, #regulation
Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets - WSJ
A WSJ analysis finds a small number of algorithmic traders capture most winnings on Polymarket and Kalshi, while typical users lose money.
also on Polymarket, #regulation
Are Prediction Markets Good for Anything?—Asterisk
Despite billions in volume, Polymarket and Kalshi prediction markets produce useful forecasts mainly on high-profile risks, while AI chatbots may soon replace them as the primary source of probabilistic information.
also on Polymarket
https://t.co/fA1UmGvKou
A federal lawsuit alleges market manipulation via ETFs is suppressing Bitcoin's price, claiming it should be $150,000.
also on #cryptocurrency, #regulation