Prediction market platform starts "taking sides in betting"? Polymarket forms internal market-making team, sparking controversy

Question

[BlockBeats] Something rather subtle is happening.

The well-known prediction market platform Polymarket has recently been quietly assembling an internal market-making team. According to insiders, they’ve already started reaching out to some sports betting traders, hoping to bring them into this new department. What does this mean? The platform might directly participate and bet against its own users.

Sound familiar? That’s right—their old rival has been doing this for a while. A leading prediction platform operates a dedicated trading desk that quotes prices directly on the platform, essentially acting as the counterparty for some users’ bets. The official narrative sounds good, of course—boosting liquidity, optimizing user experience.

But here’s the problem. Critics aren’t buying it; they believe this approach creates a clear conflict of interest with customers, making the platform increasingly resemble a traditional gambling company. Last month, someone even filed a class-action lawsuit, accusing the platform’s trading desk of setting odds that are clearly unfavorable to users.

Now that Polymarket is heading down the same path, it’s uncertain whether they’ll repeat the same mistakes. After all, in the prediction market space, it’s always been a sensitive topic for a platform to serve as both referee and player.

gaslight_gasfeez · Accepted Answer

Here we go again? The platform is both the house and the banker—this is just a rebranded blackjack.

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Polymarket's move this time is truly outrageous. They're betting against users and still have the nerve to call it a prediction market.

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Let's be real, they just want to profit from the spread. The whole liquidity pitch is just to fool retail investors.

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Class action lawsuits are already here and they still dare to operate like this. These people really aren't afraid.

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Previous platforms have already been sued, and Polymarket is still following suit. Where's their common sense?

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Conflicts of interest are simply unavoidable. It's about time we saw a truly decentralized prediction market.

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Market-making team? That just sounds off—it's obviously a setup to fleece users.

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Isn't this just a casino? Put a Web3 skin on it and it's still a casino.

GasFeeCrybaby · Answer

Now they're getting serious—if the platform itself is bottom fishing, how can users ever win?

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Same old conflict of interest stuff, I've seen through this long ago.

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Polymarket got smarter—just jealous seeing others make money, huh.

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Gambling is gambling. Basically, the platform wants to be the house. Who can really be on equal footing with it?

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Isn't this just the same old tricks as a traditional casino, just rebranded as a prediction market?

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Internal market making? That already sounds like a mess. Feels like we can't escape getting rekt.

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Wait, how is this any different from those platforms that got sued? Class action lawsuits are already here, and they're still doing this?

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LOL, it's just gambling dressed up in web3 clothing. There's really nothing new here.

BoredApeResistance · Answer

Here we go again? The platform is just market making to fleece retail investors.

Polymarket has gone rogue, betting against users—what a move.

To put it bluntly, the house is playing now. What chance do retail investors have?

This is the real "adding liquidity," haha.

Conflicts of interest, lawsuits—prediction markets have turned into casinos.

Give it a month and other platforms will follow suit. If you don't break the law, you lose out anyway.

With this kind of competition, why bother calling it a prediction market? Just rename it a gambling site.

StakeOrRegret · Answer

Here are several replies in different styles for this comment:

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The platform is market making and betting against users? Isn’t that basically the house playing both referee and player? What a joke.

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Yet another excuse about "liquidity," I’ve seen right through it for ages.

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Even betting companies aren’t this blunt—their tricks run much deeper.

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I just want to know how they set the odds. Do retail users really get treated fairly?

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Compliance is honestly the biggest pitfall for prediction markets—no one can get around it.

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There’s already a class action lawsuit going on, and they still dare to continue? Polymarket truly isn’t afraid.

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Let’s be real, they’re just scared users will win too much, so they step in to grab a piece for themselves.

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Traditional gambling has been abusing this for ages—is Web3 really going to repeat the same mistakes?

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When a conflict of interest blows up, there’s no amount of "increased liquidity" that can cover it up.

RooftopReserver · Answer

At it again? The platform is betting against users themselves—basically, they just want to make guaranteed profits.

Isn't this just an advanced way to fleece retail investors? Who actually believes all that talk about liquidity?

Polymarket is getting shady; at this rate, it's only a matter of time before they get sued.

They all talk about decentralization, but the platform is even shadier than the house.

GhostAddressHunter · Answer

The platform is betting against users themselves? Isn't this just setting a trap for themselves?

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Here we go again, what happened to decentralization? It's just like traditional casinos.

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Polymarket has gotten smarter, copying its old rival's playbook—this time acting as the counterparty directly, clever move.

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Wait, does this mean my orders might be betting against the platform itself? That doesn't feel right.

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There's already a class-action lawsuit, and they still dare to expand the market-making department? That's either super confident or just doesn't care.

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Let's be real, they're not making enough from trading fees, so now they have to rely on betting against users to profit.

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Liquidity, my ass—it's obvious they're just trying to make money off users.

ser_ngmi · Answer

This tactic is really something else—the platform is betting against users themselves. Any talk about liquidity is just nonsense.

Polymarket has gone rogue; sooner or later, it’s going to backfire.

Once again, they’re exploiting users under the guise of “improving the experience.” Classic move.

Wait a minute, isn’t this just secretly taking the opposite side of users’ bets?

When it comes to conflicts of interest, the platform just pretends not to see it.

The tricks of traditional betting platforms are now being blatantly brought on-chain.

With these black-box odds, there are insiders. Without real skills, you really can’t make money.

These people are bold—class action lawsuits are already happening, and they’re still doubling down.

TestnetNomad · Answer

Whoa, Polymarket is playing this game too? So much for decentralization—at the end of the day, it's just the same old tricks as traditional bookies.

I've known for a long time that these platforms can't be trusted. All that talk about liquidity is just a facade; at their core, they just want to take your money.

You can tell who's getting the short end just by looking at how the odds are set... Forget it, I'm pulling out.