Logan Paul explaining Polymarket to Lil Yachty
logan paul teaching lil yachty about polymarket and the grammys
Transcript (en)
Do you buy futures? What is that? Like on Polymarket? Oh, you don't know about Polymarket? Mm-mm. You know what a prediction market is? Mm-mm. So it's basically an aggregate of opinions, and people can buy yes or no whether or not they think an event is going to happen. Like what? Who's going to get elected? Will Trump run for a third term? When is the Drake album going to release? Who's going to win the best Grammy rap album of the year? And you can win money off it? I don't get it, though. Can that just be rigged? Grammy's album of the year winner. So this is what people are saying. you would buy who you think is going to win Rap Album of the Year as if it were like a share. And then what happens if that person wins? Then the people who bought that share get the money. So it's one pot and then the winner takes all basically. Yeah, yeah. It's kind of crazy.