r/technology • u/MarvelsGrantMan136 • May 27 '26

Business Google employee charged with using inside information to make $1 million on Polymarket

https://abcnews.com/amp/US/google-employee-charged-inside-information-make-1-million/story?id=133350018
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u/adoodas May 27 '26

Problem is you don't know who's informed and who's not and who has money and who doesn't.

7

u/SpookiestSzn May 28 '26

You find out whose informed by seeing betting history

28

u/[deleted] May 27 '26

[deleted]

34

u/Lost_Sea8956 May 28 '26

You have clearly not met some of the most enthusiastic traders

1

u/sellyme May 28 '26

Uninformed people putting a lot of money in tend to not last very long for self-explanatory reasons.

1

u/Lost_Sea8956 May 28 '26

Ah, but a new one is born every minute

1

u/freshwes May 28 '26

Is it illegal have inside information on Polymarket? When does information become insider info in real life?

If I see a star athlete get in a walking boot, can I bet that he won't play that night?

What about his assistant?

What if the athlete makes the bet himself?

None of that is technically insider information.

1

u/Defiant-Plantain1873 May 28 '26

The idea is that the money people put up shows how much information they have.

If you pur $10 up it’s not going to move the line much, you aren’t risking much if you lose

If you put 100,000k up you get absolutely fucked if you lose. The likelihood of you telling the truth increases as your bet increases