What's crazy is people bet on it without insider info, knowing that people with it can.

Some comedian made a joke about it because he read off a bunch of random words that had bets on if they were said. They all paid out because he said them

The point is for any given bet a bunch of people can either make it happen or know the result before the market adjusts to the public knowing.

It's like how early scam emails used bad grammer so only dumb people responded, if you bet on poly market, you're already a lick.

Ironically enough this is also how our entire economy is run, just not as obviously...

How did the general public come to adopt the "prediction market" euphemism? It's crypto gambling, right? Everyone knows that's true, everyone understands that terminology. Aren't we doing the casino's work for them when we adopt their highfalutin' marketing-speak? Making crypto gambling sound like a game for rich, educated people, rather than a grubby online casino that caters to insider cheating and tax evasion?

Who are the current high odds chances for being the host of Running Man 2026 ?

The future fucking sucks. Literally everything is gambling now, and the people with inside information are gambling the most.

...and you know what, yes, Valve deserves some of the blame for creating lootboxes and enabling the lootbox gambling scene via their hands-off "we can't control what other people do" approach.