By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026Despite this having all the appearance of a rigged game - finance industry insiders are always going to be better at betting on stocks than teachers, nurses, janitors and other productive workers - proponents of this system always insisted that workers weren't *really* the suckers at the table. 39/ 1263
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026But the stock market is like Kalshi or Polymarket in that one bettor's losses are another bettor's gains, and in those markets, nearly all the money is harvested by less than 1% of bettors: www.coindesk.com/markets/2026... 40/coindesk.comA tiny group is winning on Polymarket as under 1% of wallets take half the profitsAfter research showed a small minority moves prices, new data suggests an even smaller group captures roughly half of all gains. 1264
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026Somehow, supposedly, we could beat those insiders and survive into our old age without having to eat dog food or become a burden on our kids by betting on the whole market, through index-tracker funds: pluralistic.net/2022/03/17/s... 41/pluralistic.netPluralistic: 17 Mar 2022 – Pluralistic: Daily links from Cory Doctorow 1140