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Someone allegedly used a hairdryer to rig Polymarket weather bets

https://www.engadget.com/big-tech/someone-allegedly-used-a-hairdryer-to-rig-polymarket-weather-bets-155312411.html
65•cdrnsf•1h ago

Comments

beepbooptheory•1h ago
Dupe from a little bit ago: https://news.ycombinator.com/item?id=47878208
mdrzn•1h ago
Already discussed: https://news.ycombinator.com/item?id=47878208
boringg•1h ago
Is there a bet available to determine if the weather forecasted was impacted by a hair dryer?
cosmojg•54m ago
That's not a bad idea. It actually sounds like it could be a very useful hedge/insurance play.
wongarsu•37m ago
That'd be easier to game than "will somebody run onto the field in the next $sports game". Just bet yes and bring a hair dryer. Make sure somebody posts evidence to X so you can cash out
hilariously•1h ago
"It sucks that someone potentially tricked a temperature sensor with a hairdryer to scam actual gamblers out of potential winnings" really missed a chance to say it blows.
moi2388•57m ago
That’s rather dry humour for such a hairy situation
lelandfe•49m ago
It went over my head, but I think they’re full of hot air anyway.
mmmlinux•12m ago
"actual gamblers"
cnj•1h ago
It never occurred to me that Goodhart's law could be applied to betting, but here we are :)
declan_roberts•1h ago
I can't believe there's no honor among the gamblers!
nkrisc•1h ago
Gambling addicts will really gamble on anything, won’t they? It’s a bit strange to see degenerate gambling dressed up as “predictions”.
gwerbin•59m ago
This looks less like gambling addiction and more like a scam executed for profit.
chneu•56m ago
Yes, gambling. That's literally what gambling is, a scam.
qup•53m ago
Gambling takes many forms.

If you and I flip a coin for $100, there's no scam.

testing22321•50m ago
Sooner or later someone will rig the coin
chucksta•27m ago
Potential for fraudulent activity makes something a scam? That list is gonna be long
wongarsu•39m ago
This instance is what you could call a scam, maybe even fraud. But in the absence of manipulation or insider knowledge predicting the weather is pretty close to gambling. As is "does bitcoin go up or down in the next five minutes" or "how many tweets will Elon Musk post in the next couple days" (all real bets on Polymarket)
SirFatty•34m ago
And who fueled the profits? Gamblers?
close04•7m ago
A lot of gambling is a scam executed form profit. A scam because very often one party unduly influences the outcome. Whether it's corruption to predetermine the result of a match, or a gambling machine that's programmed to not give the expected payout, or even a casino's rules that arbitrarily decide whether your win was legitimate or not, the industry is more scam than legitimate business.
alansaber•43m ago
We rename everything to make it cooler to sell. Probably been a thing since the times of the sea people.
avazhi•53m ago
A fool and his money etc etc.

You love to see it.

zobzu•42m ago
climate change via hair drier ;D
Arn_Thor•38m ago
Maybe it's bad to let people bet on anything, huh
ghstinda•38m ago
hilarious title, engadget is still quality after all these years
swader999•36m ago
Finally some hacking news!
ChrisArchitect•18m ago
2 weeks old news OP

https://news.ycombinator.com/item?id=47869664

https://news.ycombinator.com/item?id=47878208

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Someone allegedly used a hairdryer to rig Polymarket weather bets

https://www.engadget.com/big-tech/someone-allegedly-used-a-hairdryer-to-rig-polymarket-weather-be...
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