Scott Richards

Electrifyin' in my own way. A fan of all things movies, rasslin', MMA, and SoFlo sports teams.

[Scott Richards @mostelectrifyin]

@cenkuygur what do you know about this? Is this true or what?
Doesn't seem like the kind of sponsor I would want if it is. https://t.co/5of1wGIk1K

[Tom Santos @tommysantos14]

‼️ Important Information About Polymarket You Need to Know

This is long. Bear with me.

If you find this useful, please share it. Everyone needs to understand what Polymarket is and how it is being used.

Polymarket is all over your X feed, and every MAGA account is using its betting odds to predict a Donald Trump victory. It is the latest tool being used by Trump sycophants to drive a fake narrative that Trump is leading in this election.

I have mostly ignored Polymarket because I don't buy into the idea that betting systems can predict political outcomes.

But as a cryptocurrency trader and developer for years, I decided it was time to do some digging into exactly how Polymarket is being used as propaganda and disinformation in this election cycle.

Whether you know about Polymarket or not, you are going to want to read this.

What is Polymarket?
Polymarket is a decentralized blockchain-based prediction market platform that allows users to bet on the outcomes of real-world events, like politics, sports, or current events, using cryptocurrency.

Polymarket is Partly Funded by Peter Thiel
Not only is the cryptocurrency space right-leaning to begin with, but it’s also notable that Peter Thiel, a billionaire and early supporter of Donald Trump, funds Polymarket.

Whales are Skewing Presidential Betting Odds
Trading markets and price movements are susceptible to the manipulation of market makers and large investors referred to as "Whales."

This is a key reason why betting markets make for horrible prediction systems - markets can be, and are, moved by larger players. They do not represent public sentiment in the way you are being told.

Why Does Polymarket Not Represent American Sentiment?
No one is telling you this:

First, Polymarket is hosted offshore, like most cryptocurrency projects - usually because they violate U.S. law. First red flag.

Second, Polymarket is off-limits to Americans.

Everyone read that?

🚨 Americans Are Not Legally Allowed to Use Polymarket 🚨

This is extremely common with cryptocurrency exchanges as well, as the vast majority of them are also banned in the U.S.

The way Americans get around this is by installing a VPN to mask their location.

But let’s be real: most Americans barely understand how to use the Internet properly! They're not installing and configuring VPNs to place bets on an offshore cryptocurrency betting site, and most have no idea how to purchase USDC crypto tokens to place bets.

The reality is that fiat (or U.S. dollar) onramps into crypto are scarce and often difficult to execute. Most Americans have no idea how to convert dollars to crypto.

What Does This Mean?
It means the betting odds you are being flooded with on X in the U.S. Presidential election are mostly made up of non-American crypto traders!

And the U.S.-based users savvy enough and willing to jump through the hoops it takes to place bets are hardcore right-wing!

Polymarket is a fun cryptocurrency project for traders looking for an interesting way to trade real events. But it is a scam for predicting American sentiment in our presidential election when the betting market isn't made up of Americans.

MAGA influencers on X posting about Polymarket odds in the American presidential election are gaslighting you with betting sentiment made up mostly of non-Americans.

[Bill Madden @maddenifico]

How fucking dumb are MAGA fascists? This dumb. 😂😂🤣🤣👇

[Bill Madden @maddenifico]

Watch Mehdi Hasan absolutely shame Adolfo Franco for his mind-numbingly inane support of the loathsome piece of shit. 🔥🔥🔥👇

[Jaime Harrison @harrisonjaime]

Haha… I will always ride with @DaveBautista!!!

Folks this is hilarious! Watch this!

https://t.co/0VmmVUkP4O

[💙🌩✌JusticeDelayed is Justice Denied🗺🌩🌊🌊🌊 @highyellow67]

EXCEPTINALISM?
WOKE?
NO.
IT'S CALLED BEING NUMB TO SOME OF THE MOST HORRIFIC THINGS. WE'RE BECOMING NUMB TO LYING POLITICIANS. WE EXPECT THEM TO LIE AND WE NO LONGER HOLD THEM ACCOUNTABLE. WHY NOT THINK THE WORLD IS YOURS IF YOU HAVE NO LINES TO BE CROSSED.

[Scott Richards @mostelectrifyin]

@TheRagingCelt

[Scott Richards @mostelectrifyin]

#deadlive #amctalkingdead
Did I just see Beta 2.0? Gamma? Delta?

[Scott Richards @mostelectrifyin]

https://t.co/PVCEB9xHT3😋😋😋😀😋😋😋😋😋😋😋😋😋😋😋🙄😁😋?at=1826szz

[Scott Richards @mostelectrifyin]

Anyone else excited for your timelines to be flooded with Corona beer/coronavirus memes? You know it's coming. I'm kinda shocked it hasn't happened already. — feeling goofy

[Scott Richards @mostelectrifyin]

To move freely you must be deeply rooted. - Bella Lewitzky

[Scott Richards @mostelectrifyin]

All RUSH, All Day long.

[Scott Richards @mostelectrifyin]

And here we go. Odin, help us all.

[Scott Richards @mostelectrifyin]

The first 5 people who comment on this post will receive from me, sometime during the course of 2020, a surprise: going to dinner, some coffee, a letter, book, sweets... whatever I can think of. The only condition... https://t.co/hsWMxlRjH9

[Scott Richards @mostelectrifyin]

If we would have new knowledge, we must get us a whole world of new questions. - Susanne Langer

[Knitcase @Knitcase1]

@davidschneider

[Scott Richards @mostelectrifyin]

Always speak of the past, gratefully.

Of the future, excitedly.

And of the present, with bobbing eyebrows and a Cheshire grin.

[Scott Richards @mostelectrifyin]

I think it would be interesting to track any possible downturn in restaurant/bar/club patronage along with any bump in delivery services in the next couple weeks with Disney+ going live today.

[Scott Richards @mostelectrifyin]

Let me get this straight. The 🏒Panthers won, the Heat are in second in the East, the U beat the Seminoles for the 3rd year in a row, the Gators lost, FAU-FIU-UCF all win, Masvidal beat Diaz to win the "BMF" belt... https://t.co/RuxMBmFd8m

[Scott Richards @mostelectrifyin]

I'll always love the teams that I root for, but do they have to make it so difficult by being so damn awful?

(deep breath in through the nose, out through the mouth, repeat as necessary)

[Scott Richards @mostelectrifyin]

Though force can protect in emergency, only justice, fairness, consideration and cooperation can finally lead men to the dawn of eternal peace. - Dwight D. Eisenhower