News for hackers. Stuff that matters.

A comment on We haven't seen the worst of what gambling and prediction markets will do. Parent comment

Re:We haven't seen the worst of what gambling and prediction... by mhh__ on Thursday March 26, 2026 @04:43PM (#47535461)
Those predictions are just market data, market data is often very expensive (my data usage at work is probably about $100k a year and i'm not even a trader), I imagine polymarket will be too when they are more established.
[ Parent | on HN ]
Re:We haven't seen the worst of what gambling and prediction... by Zigurd on Thursday March 26, 2026 @05:13PM (#47535831)
Traders sometimes go to prison for insider trading. The wisdom of the crowd human when the crowd is following someone with insider information is deemed legal.
[ Parent | on HN ]
Re:We haven't seen the worst of what gambling and prediction... by kqr on Thursday March 26, 2026 @05:03PM (#47535694)
Happens already. Selling market data is part of how they finance themselves.
[ Parent | on HN ]
Re:We haven't seen the worst of what gambling and prediction... by pixl97 on Thursday March 26, 2026 @05:22PM (#47535936)
>Those predictions are just market data,

Any kind of fraud is just market data when you pay enough for it.

[ Parent | on HN ]
Re:We haven't seen the worst of what gambling and prediction... by sam0x17 on Friday March 27, 2026 @09:08PM (#47550463)
It's inherently free data. You have to be able to trade against it, and to trade against it you need to see it _before_ you give them money, so they can basically never charge for it. When they sell it to people, it's just laziness, they could scrape it themselves.

edit: apparently they do, that's even more wild lol

[ Parent | on HN ]
Re:We haven't seen the worst of what gambling and prediction... by mhh__ on Saturday March 28, 2026 @05:30PM (#47558269)
Normally you have to pay for data although in crypto it's often free
[ Parent | on HN ]