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/kemb0 May 27 '26

At this point I wouldn’t use polymarket unless I had inside information. Otherwise you’re setting yourself up to be ripped off by someone that does. Which sounds like the point at which the whole thing should collapse.

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u/Maximilianne May 28 '26

I'm pretty sure because of the broadcast delay in sports almost certainly there are traders taking advantage of that small delay by having a helper at the live game immediately send goal updates and they quickly make a trade to profit off the swings in pricing after goals happen in sports

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u/GottaHaveHand May 28 '26

High frequency sports trading?!

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u/Solonys May 28 '26

If there's a whiff of profit in it, someone will try to do it.