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Scraped on 14/07/2025, 12:47:52 UTC
2. Decentralized Crypto Betting - like Polymarket,


Polymarket is run by a US company, running on a centralized platform, and it has people in charge of results, which might end in situations like this  https://www.mitrade.com/insights/news/live-news/article-3-720742-20250326
So no, Polymarket is quasi-decentralized, more in branding than reality!

This shows that poly market is not decentralized as people think it is.


Quote

What do you prefer in 2025?
I love gambling more often in casinos and not Polymarket. However, if there are events that casinos doesn't have in the prediction, I will prefer to make my bet in Polymarket. Both of them are good for gambling but as time passes on, Polymarket might take over the gambling industry from casinos.

I don't like to bet with crypto currently, because the price of bitcoin is pumping. I will prefer to use fiat for gambling whenever I want to gamble because fiat depreciates and my bitcoin increases in value overtime. Bitcoin shouldn't be used for gambling because it's a store of value. However, I can gamble with shitcoins but I don't buy them.
Original archived Re: Crypto Betting vs FIAT Betting
Scraped on 14/07/2025, 12:43:18 UTC
2. Decentralized Crypto Betting - like Polymarket,


Polymarket is run by a US company, running on a centralized platform, and it has people in charge of results, which might end in situations like this https://www.mitrade.com/insights/news/live-news/article-3-720742-20250326
So no, Polymarket is quasi-decentralized, more in branding than reality!

This shows that poly market is not decentralized as people think it is.


Quote

What do you prefer in 2025?
I love gambling more often in casinos and not Polymarket. However, if there are events that casinos doesn't have in the prediction, I will prefer to make my bet in Polymarket. Both of them are good for gambling but as time passes on, Polymarket might take over the gambling industry from casinos.

I don't like to bet with crypto currently, because the price of bitcoin is pumping. I will prefer to use fiat for gambling whenever I want to gamble because fiat depreciates and my bitcoin increases in value overtime. Bitcoin shouldn't be used for gambling because it's a store of value. However, I can gamble with shitcoins but I don't buy them.