You’re right and it depends largely on the framing. In a different setting I’d probably be for such a system of trust, in an Ivy League school my cynical view of it just seems more realistic to me.

The people who are studying at Princeton get told they are supposed to be the better than the others, are under constant pressure to perform and in an overall highly competitive environment. This is not an environment that builds trust, in my experience it builds distrust between competitors.

Trust to me should ideally be fostered in a system that encourages a collaborative environment, in which the students don’t surveil each other, but work together to achieve their goal of learning.

Short answer: yes!

This is all new to me and fascinating. If someone knows more, please correct me.

The way I understand it the system relies on students swearing on their honor not to cheat and then a system of self supervision (aka snitching). There is an honor committee that consists of students who make sure no one cheats, and who investigate cases where it is suspected. Additionally there seems to be a culture of snitching on each other, should anybody break code.

I guess this presupposes a culture of immens pressure and a zero sum game where collaboration between students is unthinkable because your peers are made out to be your direct competitors… sounds toxic as hell to me.

The result is similar, but a casino will definitely care if you keep winning, because then their profit margins go down. If you keep winning at Roulette or always bet on the right horse the house will cut you off. Prediction markets don’t care. They make the same money wether you lose or win all of your bets, cause your winnings don’t come out of the pot that the house manages, they come directly out of the pocket of the people who took you up on your bet. At least that’s what they say…

There are rumors that polymarket etc also act like the house sometimes and take bets that no one wants to take. But atm I think those are not confirmed.

Wait until you hear that Trumps son (idk which of the shit gremlins) is working in an advisory role for Kalshi and Polimarket at the same time, making sure they will not get any issues with the government. It’s all fucked to hell.

Yeah, that’s the gist.

Watch this or that if you are interested to learn about the risks and financial fundamentals behind it all.

I get where you’re coming from, but the only ones that lose here are the suckers that think this is a fair game.

Predictionmarkets don’t work like a casino or sports betting. They are not the classic „house“ that you bet against in a casino, it’s more like a broker selling you futures on commodities. They earn their money via transaction fees for facilitating bets between people. So they win, no matter if the wager is rigged or not. This means that they probably don’t really care about it, or any other rigged bets at all. I would guess they might even like it, because every time there is a big article about some rigged bet like this, they get free press exposure.

Edited for clarity

Happy birthday haha

The article doesn’t call the dead woman the client of her boyfriend, it calls the boyfriend the client of the defence attorney.