Polymarket and the bet on the Second Coming: how the market works and why it caused controversy
Polymarket, a crypto prediction platform, offered users to bet on whether the Second Coming of Jesus Christ will happen before December 31, 2025. Under market conditions, it will be considered "positively" resolved only if there is a "consensus of authoritative sources" about the fact of the event - that is, the final decision is promised to be made not on the basis of a private statement on social networks, but on a number of recognized sources.
The market quickly attracted attention and money: according to open publications, the trading volume has already amounted to hundreds of thousands of dollars, and quotes remain at a level where the vast majority considers the outcome unlikely - the share of "Yes" bets is measured in single percentages. Such dynamics and an unusual topic led to heated discussions in the media and in the crypto communities.
The main dispute around the market is not so much the probability of the idea itself, but the question of verification criteria. What is considered the "second coming" for the purposes of the market? Literal mass miracles, official declarations by religious institutions, recognition from the world's media, or something else – each formulation carries a subjectivity, which is why many commentators point to the problem: the market mechanism is a good tool for aggregating opinions, but religious prophecies are, in fact, difficult to unambiguously factually verify.
In addition, some analysts emphasize the financial logic: buying "Yes" at quotes of a couple of percent sometimes looks like a meme buy or a bet for the sake of arbitrage — holding a position in the hope that the "No" side will need to free up funds, and the "Yes" price will rise. That is, some players can play not so much on faith as on the price dynamics of the market.
The result is simple and inconvenient: the market itself exists and collects money, the rules of permission are formally spelled out, but the definition of the result remains vague and will be the subject of debate if a controversial case arises. In the meantime, Polymarket remains a platform where even religious topics are turned into a subject of forecasts and speculation — and this is perhaps the main reason for the public outcry.
celese Haha, classic! First they screwed over the players, then the license turned out to be fake, and now they’re trying to undo everything. A total circus. Yeah, everything will just get bought. They’ll pay whoever they need in Curaçao and get a new license. Money rules everything, especially in this industry.
Mangarin4ik The section about how casinos fire VPNs is a gun. I've never thought about WebRTC and the time zone. Author, thank you, you may have just saved my next deposit.
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If it were a real court day, and not a market, I would look at people differently. And so - you see, and memes will be born.
Fuck, the world has gone crazy: we bet on the apocalypse.
I invested a couple of bucks for the sake of the experiment - let them be.
As for me, this is a great illustration: in the crypto world, any meaning can be turned into a product.
lol
If someone seriously believes, then respect. For the rest, it's just an economic game.