Word's spreading fast: the prediction market giant is reportedly building an in-house trading desk. Yeah, you read that right—trading against their own users.
Why does this matter? Picture this: a casino hiring dealers who bet at their own tables. The conflict of interest is glaring. When platforms hold both the house edge AND participate as players, it blurs the line between facilitator and competitor.
For a decentralized prediction market, this shift feels like a step backward. Users bet on outcomes expecting a level field, but now they're potentially up against the platform itself—armed with order flow data and market insights regular traders don't have.
Risk alert: Information asymmetry could tilt odds unfairly. Trust, once broken in crypto, rarely gets rebuilt.
Is this the new norm for prediction markets, or a red flag we shouldn't ignore?
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MiningDisasterSurvivor
· 12-05 18:02
I've been through all of this before; this scheme was already played out back in 2018. The platform sets up its own trading team to go against its own users? Ha, yet another classic "I’m both the referee and the player" rug pull—using information asymmetry to completely control you.
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Polymarket's move this time is truly outrageous, and what's outrageous is how brazen they are about it. To put it plainly, they want to profit from both sides: earning platform fees while using internal data to snipe retail orders. Haven't they learned enough from the FTX fiasco a few years ago?
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Yet another Ponzi scheme, just dressed up as a prediction market. Contract risk plus platform risk combined—I'm not touching it. I'd rather go for new projects on Layer2 than get schooled by the house here.
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The bear market taught me one thing: if a project can make money off you, they eventually will. This time Polymarket is just being upfront about it, which is at least honest.
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Trust in crypto is like a phone screen—once it's shattered, you can never really fix it. Poly’s self-destructive move this time is just the same old story...
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WagmiWarrior
· 12-05 18:02
Here we go again? Running the gambling table yourself and placing your own bets—this is a classic, upgraded version of fleecing retail investors.
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BlockImposter
· 12-05 18:02
Poly is pulling this stunt again? Acting as the house while also betting against users, that's really outrageous.
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MelonField
· 12-05 17:56
Here we go again? Setting up their own stage and acting it out themselves, this trick is really something.
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Polymarket’s move this time is really wild, using user data as bargaining chips and playing against themselves.
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Wait, do they really dare to do this? Then why should I even bother playing?
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Once trust is broken, it’s over—especially in crypto.
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Isn’t it just insider information dressed up as technical jargon?
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This is basically no different from market makers teaming up to fleece retail investors.
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I just want to know how many other platforms are secretly doing this.
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SpeakWithHatOn
· 12-05 17:48
This is outrageous—running your own gambling table and betting against your users? That’s wild.
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LuckyHashValue
· 12-05 17:42
Poly is pulling the same trick again? Just as disgusting as a casino house...
They set up their own trading tables to fleece users, and still dare to call it decentralized.
Trust disappears in an instant—this time it might really be over.
🚨 Polymarket's Latest Move Raises Eyebrows
Word's spreading fast: the prediction market giant is reportedly building an in-house trading desk. Yeah, you read that right—trading against their own users.
Why does this matter? Picture this: a casino hiring dealers who bet at their own tables. The conflict of interest is glaring. When platforms hold both the house edge AND participate as players, it blurs the line between facilitator and competitor.
For a decentralized prediction market, this shift feels like a step backward. Users bet on outcomes expecting a level field, but now they're potentially up against the platform itself—armed with order flow data and market insights regular traders don't have.
Risk alert: Information asymmetry could tilt odds unfairly. Trust, once broken in crypto, rarely gets rebuilt.
Is this the new norm for prediction markets, or a red flag we shouldn't ignore?