Source: Coindesk
Summary
A Democratic congressman criticized Polymarket for allowing users to bet on the date the U.S. would confirm the rescue of Air Force service members shot down over Iran. The congressman called the betting market “despicable” and “unconscionable”. Polymarket is a decentralized prediction market platform that allows users to bet on the outcome of various events.
Our Reading
The announcement sounds ambitious.
Polymarket allowed users to bet on the date of a sensitive military rescue operation. Because what’s more thrilling than wagering on the fate of service members? The platform’s defense is that it’s just a neutral marketplace. The congressman’s response: “You’re profiting off the potential rescue of American heroes.” The real innovation here is finding new ways to be tone-deaf.
Author: Evan Null
