Insider trading is rife on Polymarket: Analysis by the Anti-Corruption Data Collective, a non-profit research and advocacy group, found that long-shot bets—­defined as wagers of $2,500 or more at odds of 35 percent or less—­on the platform had an average win rate of around 52 percent …

Polymarket is a platform where people can bet on real-world events, political and otherwise. Leaving the ethical considerations of this aside (for one, it facilitates assassination ), one of the issues with making this work is the verification of these real-world events. Polymarket gamblers have threatened a journalist because his …

The Department of Justice has indicted thirty-one people over the high-tech rigging of high-stakes poker games. In a typical legitimate poker game, a dealer uses a shuffling machine to shuffle the cards randomly before dealing them to all the players in a particular order. As set forth in the …

Bluesky thread. Here’s the paper, from 1957. Note reference 3. [...]