An issue that was brought to my attention recently was that Polymarket is hosting a betting market where people can bet on if bitcoin ETFs will be approved.
The issue with Polymarket is that many people have actually lost a lot of money from its unfair market settlements in the past.
To an extent I think polymarket sounds kinda like a rigged game. This is because basically you can see who's betting what and basically those in charge of settling markets seem to kinda bend the rules especially with that Israel market. It really more like screams straight up manipulation but in a more technical way. For big money most gamblers would expect fair play and not a few powerful folks pushing outcomes to suit themselves. Even if winning depends on luck most gamblers prefer games that produce a better winning chance.