Prediction markets (Kalshi/Polymarket) - is it gambling or trading and is ths where the sharp money actually went?

[goodoldfiat]

someone's on the other side of every trade and sometimes its someone smarter than me

and ther'es the tell, right there. "the good traders take your money." its a zero sum bet against other people, minus a fee that the platform rakes off the top. for you to win, someone has to lose. thats not investing, thats a card table with a nicer login page. call it trading if it helps you sleep

 

[serialwinner]

someones gotta be on the losing side of my winning trades @goodoldfiat and statistically its blokes exactly like you im just the market telling you ur wrong

 

[Tracy]

and yet, once again, here. posting. on the forum. for free. your yacht wifi must be incredible

 

[Genesis]

yes this is the new thing now because the people they get limited on the normal bookie so they go to this prediction market that say is not the gambling is the trading but really is the same you put the money you win or you lose the only difference is the regulation is the federal one not the state so the state they are very angry and they go to the court but the company they say no is a swap like the finance product and the court they cannot agree so is confuse for everybody and in the meantime the volume is going up and up and up because everybody they want the one place that the bookie cannot stop and cannot limit so really the appeal is not the trading is just that nobody can tell you no

 

[Tracy]

genesis just compressed a 40-page law firm memo into one breath and "nobody can tell you no" is genuinely the whole appeal in four words. give the man a column