Part 12/14:
Ethical Considerations and Criticisms
With great influence comes scrutiny. Critics worry that prediction markets could incentivize unethical behavior, such as gambling on sensitive or potentially criminal topics—like the wildfire markets that raised concerns about arson. Poly Market’s management acknowledges these issues and strives to implement rigorous standards and ethical guidelines while understanding that some risks are inevitable.
Additionally, questions about insider information and market manipulation persist. While the platform promotes transparency, its decentralized nature means vigilance is necessary to prevent misconduct.