Insider trading or random guy? It doesn’t matter to Polymarket

Insider trading or random guy? It doesn’t matter to Polymarket

Puppet show of a mouth whispering behind a hand into an ear.

In mid-March, conspiracy theories swirled claiming Benjamin Netanyahu had been replaced by an AI clone. Though there was no actual proof that the Israeli Prime Minister had been injured or killed, on X this spurred a flurry of posts promoting prediction markets where people bet on whether he would be out of office by March 31st. One newly created Polymarket account in particular caught the attention of bettors: dududududu22, which had purchased more than $177,000 worth of “Yes” shares at 4.7 cents. Surely, only someone with inside knowledge would take such a risky position?

“This makes him possible to get paid of $3,779,000 in case of win,” …

Read the full story at The Verge.

2 Comments

  1. sabrina.lockman

    This post raises some intriguing points about the intersection of technology and conspiracy theories. It’s fascinating how quickly rumors can spread, especially in today’s digital age. Looking forward to seeing more discussions on this topic!

  2. maureen93

    Absolutely, it’s fascinating how technology can amplify such theories. The rapid spread of information online often blurs the lines between fact and fiction, making it hard to discern the truth. It raises important questions about digital literacy in today’s world.

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