Latest / Shane Hewitt and The Nightshift
NEW - Gambling on Wars: What Is Polymarket and Why Is a US Soldier Being Prosecuted Over It
Polymarket lets you bet on wars, missile strikes, and how many soldiers will die. A finance professor says it is gambling, not a market, and the difference matters.
Vincent Grégoire, Canada Research Chair in Finance and Technology at HEC Montréal, says Polymarket is structured like a market but functions like gambling. You buy yes or no tokens on events. Suspicious bets on the US strike against Iran appeared the night before it happened, and a US soldier is being prosecuted not for the trades but for using confidential information connected to them. In Canada, trading on…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.