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Inside the World of Polymarket and Prediction Markets
Exploring the workings of Polymarket and prediction markets, the chapter covers topics such as the mechanics of automated market makers, betting on various future events, controversy around prediction markets, and the concept of the wisdom of the crowds in betting markets. It also discusses the resurgence and potential growth of prediction markets like Polymarket, alongside stories of addiction to online gambling, the concept of 'whales' in the gaming industry, and VIP programs targeting high spenders in the betting industry.