You probably think Polymarket (or other prediction markets) is just a digital casino for guys with “Laser Eyes” on X.

You see people betting on elections or the price of ETH and you call it gambling. If that’s the extent of your vocabulary, you need a new word for “objective truth.”

I recently sat down with “Polymarket John,” a guy who treats these markets like a professional P&L. He isn’t there for the rush. He’s there to price the future and win.

Watch The Full Interview Here:

Here is the uncomfortable truth: Most of you are betting your beliefs, not the facts. And in a zero-sum game, that means guys like John are taking your money.

The Golden Rule: Prediction markets don’t care about what you want to happen. They only care about what is most likely to happen.

We all have biases. You want your startup to succeed. You want your candidate to win. You want the “good guys” to find the lost submarine.

Bias is a tax on your capital. John explained that the system forces you to be unbiased. If you bet with your heart, you lose your shirt.

Take the Titan Submarine case. While the world was watching the news and “feeling” hopeful, the market was looking at the rules. Most people bet “Yes” the second debris was found.

But the rules said they had to find the cabin.

John read the rules. Most didn’t. Guess who got “spanked”? (really, guess - it’s not obvious!)

If you’re going to play in these markets, you need to understand the UMA Protocol. John calls it the most important topic nobody talks about.

Polymarket is decentralized, which means there’s no “boss” to decide who won. Instead, you have this optimistic oracle.

• The Court: When unclear, UMA holders vote on the outcome.

• The Risk: If the market is worth billions (like the US Election) but the value of the UMA tokens is magnitudes lower, the game theory gets shaky.

• The Reality: You aren’t just betting on the event; you’re betting on the integrity of the judge.

If you want to move from a “gambler” to a “builder” of wealth in these markets, stop guessing and start calculating.

• Calculate Your Own Odds: Don’t look at the market price first. Look at the data, decide the probability, and then see if the market is wrong.

• Read the Specs: Clarity is expensive. If you don’t read the resolution rules for a market, you are essentially donating your money to the person who did.

• Watch the Liquidity: In the US Election markets, the odds move fast because the interest is massive. Don’t get swept up in the volatility of the “crowd.”

• Manual Over Hype: John does this manually. No bots. No high-frequency BS. Just human logic vs. market discrepancy.

Here is the mindset shift: Prediction markets aren’t just mirrors of reality. They are incentive machines. When you bet on a politician, you are indirectly creating a “head bounty” or a financial incentive for that outcome to manifest. We are entering an era where the predicting tool is becoming a reality-bending tool.

If you’re a founder, here’s is your lesson from this episode — unbiased analysis. Just as a trader loses money when they bet on the candidate they want to win rather than the one who most likely will win, founders often fail because they build and market the product they wish the world needed.

Let’s bring this home. You can keep following the “hype” and betting your feelings. Or you can get objective, read the rules, and start treating information like the asset it is.

1. It’s Not Gambling: (if you know what you’re doing) Some call it a truth machine that punishes bias and rewards objectivity.

2. Liquidity is Truth: Talk is cheap, but onchain bets provide very accurate signal.

3. Read the Resolution Rules: If you don’t know exactly what defines a “win,” you’ve already lost.

4. The Oracle Matters: Understand UMA. The judge is just as important as the game.

5. Information > Luck: Long-term profit in prediction markets comes from finding discrepancies, not catching a “vibe.”

That's it folks. I hope you enjoyed it as much as I did and maybe you'll give it a try.

Till next time, let’s BUILD BETTER!

Pete (aka BFG)

In case you missed: My last essay about dopamine ladder for your content and product was a hit, read it here:

Connect with me:
- on Farcaster: https://warpcast.com/bfg
- on X: https://twitter.com/aka_BFG

And I recommend joining BuildBetter YouTube Channel (formerly Web3 Magic):
https://www.youtube.com/@BuildBetterHQ

You probably think Polymarket (or other prediction markets) is just a digital casino for guys with “Laser Eyes” on X.

You see people betting on elections or the price of ETH and you call it gambling. If that’s the extent of your vocabulary, you need a new word for “objective truth.”

I recently sat down with “Polymarket John,” a guy who treats these markets like a professional P&L. He isn’t there for the rush. He’s there to price the future and win.

Watch The Full Interview Here:

Here is the uncomfortable truth: Most of you are betting your beliefs, not the facts. And in a zero-sum game, that means guys like John are taking your money.

The Golden Rule: Prediction markets don’t care about what you want to happen. They only care about what is most likely to happen.

We all have biases. You want your startup to succeed. You want your candidate to win. You want the “good guys” to find the lost submarine.

Bias is a tax on your capital. John explained that the system forces you to be unbiased. If you bet with your heart, you lose your shirt.

Take the Titan Submarine case. While the world was watching the news and “feeling” hopeful, the market was looking at the rules. Most people bet “Yes” the second debris was found.

But the rules said they had to find the cabin.

John read the rules. Most didn’t. Guess who got “spanked”? (really, guess - it’s not obvious!)

If you’re going to play in these markets, you need to understand the UMA Protocol. John calls it the most important topic nobody talks about.

Polymarket is decentralized, which means there’s no “boss” to decide who won. Instead, you have this optimistic oracle.

• The Court: When unclear, UMA holders vote on the outcome.

• The Risk: If the market is worth billions (like the US Election) but the value of the UMA tokens is magnitudes lower, the game theory gets shaky.

• The Reality: You aren’t just betting on the event; you’re betting on the integrity of the judge.

If you want to move from a “gambler” to a “builder” of wealth in these markets, stop guessing and start calculating.

• Calculate Your Own Odds: Don’t look at the market price first. Look at the data, decide the probability, and then see if the market is wrong.

• Read the Specs: Clarity is expensive. If you don’t read the resolution rules for a market, you are essentially donating your money to the person who did.

• Watch the Liquidity: In the US Election markets, the odds move fast because the interest is massive. Don’t get swept up in the volatility of the “crowd.”

• Manual Over Hype: John does this manually. No bots. No high-frequency BS. Just human logic vs. market discrepancy.

Here is the mindset shift: Prediction markets aren’t just mirrors of reality. They are incentive machines. When you bet on a politician, you are indirectly creating a “head bounty” or a financial incentive for that outcome to manifest. We are entering an era where the predicting tool is becoming a reality-bending tool.

If you’re a founder, here’s is your lesson from this episode — unbiased analysis. Just as a trader loses money when they bet on the candidate they want to win rather than the one who most likely will win, founders often fail because they build and market the product they wish the world needed.

Let’s bring this home. You can keep following the “hype” and betting your feelings. Or you can get objective, read the rules, and start treating information like the asset it is.

1. It’s Not Gambling: (if you know what you’re doing) Some call it a truth machine that punishes bias and rewards objectivity.

2. Liquidity is Truth: Talk is cheap, but onchain bets provide very accurate signal.

3. Read the Resolution Rules: If you don’t know exactly what defines a “win,” you’ve already lost.

4. The Oracle Matters: Understand UMA. The judge is just as important as the game.

5. Information > Luck: Long-term profit in prediction markets comes from finding discrepancies, not catching a “vibe.”

That's it folks. I hope you enjoyed it as much as I did and maybe you'll give it a try.

Till next time, let’s BUILD BETTER!

Pete (aka BFG)

In case you missed: My last essay about dopamine ladder for your content and product was a hit, read it here:

Connect with me:
- on Farcaster: https://warpcast.com/bfg
- on X: https://twitter.com/aka_BFG

And I recommend joining BuildBetter YouTube Channel (formerly Web3 Magic):
https://www.youtube.com/@BuildBetterHQ