.@MartinShkreli explains why he's both bearish on prediction markets and runs a bot that makes a market in the Bitcoin 15-minute Polymarket markets: "How much are you just financializing for financializing's sake, and is that sustainable when you actually need people with tons of money to fight the arbitrage gradient?" "For example, I've been running this bot on Polymarket that makes a market in the Bitcoin 15-minute markets, which are somewhat inefficient." "Nobody needs to trade this. There's no actual benefit to trading this, other than that you can take two-to-N bets - you get around 96 bets a day - and with the money velocity of getting a lot of those right, you can compound insanely well." "Of course, it's random. But people's hope springs eternal that they could somehow get the rhythm of the market every 15 minutes. I think it's a waste of ingenuity and engineering."