Shaan Puri

I'm 68.

Yeah, it's basically a casino for everything.

So you can go bet on anything.

That sounds dangerous.

They call it a prediction market.

It's kind of like the A.O.

Leavers mayonnaise situation.

So it's like, oh, sports betting, not legal.

Polymarket betting on a sport event.

legal somehow and so basically you can go so you can bet on who's going to become president you can bet on who's going to uh win this this game this weekend but you can also bet on anything like who's going to win uh or like you know will there be a strike will this guy be the president in a month and so you can bet on basically any outcome and the criticism of prediction markets early on was they become assassination markets because you create this huge incentive to just say

will this guy be around?

And if I want money, it ends up becoming a bounty.

It's just becoming a Deadpool.

Yeah, exactly.

So that's always been the criticism.

And it's like, oh, there's plenty of other good things about it.

Like,

if you want to know the truth about how likely is something to happen, if you go to the New York Times or any just traditional news outlet, the incentive of the writer is to write a juicy headline and then maybe they have their opinion.

But polymarket is basically only people with skin in the game betting on an outcome.

So if you're wrong consistently, you will lose money.