this post was submitted on 24 Jun 2026
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Polymarket paid influencers to fake winning bets, built dummy websites to pull it off (www.techspot.com)
submitted 1 day ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] PapaStevesy@lemmy.world 12 points 1 day ago (1 children)

No, take a lottery for instance: many people play, almost no one wins. You can bet on "anything" on Polymarket, like when or where an event is going to take place, so most of the time you're betting against the market. There's probably plenty of bets where no one wins at all. Everyone betting could spontaneously agree that Punxsutawney Phil is going to see his shadow (unlikely I know, but if only 5 people are betting, it's not that crazy), if he doesn't, no one wins. Except the site.