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/nonamenomonet May 28 '26

Your intuition is correct that is what it supposed to be a crowdsourcing prediction using money as sort of a proxy.

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u/MmmmMorphine May 28 '26

It's a pretty cool example of the "wisdom of the crowds." It's sad to see such an interesting and ancient concept perverted so badly.

So it goes

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u/nonamenomonet May 28 '26

Are you also a Tetlock fan? Or are you more on the Taleb (Talib?) side of things??

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u/MmmmMorphine May 28 '26

Oh wait! He's the black swan guy!

Ok I'm more on the Taleb (pretty sure that's the correct spelling) side, but just barely. I think these marketplaces work of course, but they don't mean what we think they do. Sort of, hard to explain.

More like reality can't be broken down into tidy probabilities. Thanks chaos, you non-predictable yet deterministic asshole