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The Giant Asterisk on Election Betting (www.theatlantic.com)

submitted 3 weeks ago by aidan@lemmy.world to c/technology@lemmy.world

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[–] conciselyverbose@sh.itjust.works 3 points 3 weeks ago

Especially on Polymarket, such a scenario could get weird fast. Polymarket runs on the blockchain—bets are made with cryptocurrency, and official decisions about who wins are made by the holders of a crypto token called UMA. If there is a disagreement over what occurred, UMA token-holders can vote to determine the official outcome.

But ignoring that, the basic premise is that they're not prepared for Trump's openly telegraphed promise to try to fraudulently claim he won no matter what and that they likely intend to use the idiocy of these shitty toys as evidence in support of their attempted coup.