Someone has to take the other side of the bet. As these stories become more common and well-known, it'll degrade the market

All I've ever seen is it encouraging people and not discouraging them. The thrill of the easy money, right?

Forget it jake, it's Polymarket.

This stuff is turning me off of prediction markets and I'm actually a huge fan of them conceptually (and have bet on them myself for quite a while).

As the billboard glow inviting insiders to trade gets brighter, the markets get less useful, less fun, less interesting, and obviously less rewarding.