this post was submitted on 23 Oct 2024
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United States | News & Politics
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"A report from The Wall Street Journal released last week found that Polymarket may have been "manipulated" by a small group of users to support Trump. According to the Journal's research, four mysterious accounts spent around $30 million betting on Trump in recent weeks, which tipped the platform in the former president's favor."
The "manipulation" is normal bookmaking. Adjust the odds to entice gamblers to wager their money so the losers of a wager payout the winners of a wager and the bookmakers make money on the spread. So if there is a few big bets for Trump, Polymarket will readjust the odds to balance the equation.