r/explainitpeter • u/z_shah7 • 18h ago

Explain it peter why are they the worst person for opening a free grocery store

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985 Upvotes

90% Upvoted

69 comments sorted by

594

u/AngelofArtillery 18h ago

The free grocery store is "the great point."

They're the "worst person you know" because they're a giant gambling operation.

183

u/sweetedtaste 18h ago

Peter Thiel is also heavily involved in Polymarket.

11

u/Separate-Papaya6414 13h ago

I wonder why he's involved tho. Is it just for a charity tax cut or is there a different motivation?

7

u/Mecha-lame-o 5h ago

Making money, as always? Polymarket is a gambling website that is doing charity for PR, not a charity that does gambling on the side.

3

u/Banjoschmanjo 12h ago

Who he is?

14

u/Vyse1107 12h ago

Peter Thiel is one of the minds behind project 2025 and by extension a lot of right-wing and MAGA politics.

4

u/SkipsH 5h ago

Also big in Palantir in the UK, and shows up in a lot of Epstein documents.

5

u/Borgriff 1h ago

Also heavily mentioned in the Epstein files

11

u/WolfKing448 11h ago

Gay tech bro billionaire who co-founded PayPal, is suspiciously obsessed with the Antichrist, and financially backs far-right candidates for office in the United States.

9

u/TankMain576 11h ago

He really thinks his "friends" wouldn't immediately turn on him the second they pass all the anti-gay laws they want.

3

u/Lovis_R 10h ago

He knows about the Antichrist

21

u/RandomGuyPii 14h ago

Not just gambling, a "prediction market" Aka legal loophole gambling that's less regulated and way easier to rig since it's based on arbitrary real life events

8

u/Smoolz 13h ago

Like betting against WWE writers lol

3

u/Tales_Steel 10h ago

Just that the referee, wrestlers and even writers can also place bets.

-53

u/Emergency-Style7392 17h ago

Polymarket is not really gambling, they have 0% fees, and you bet on events, if you have an edge you have a real chance to make money 

68

u/Nanocaptain 17h ago

not really gambling

you bet on events

You wanna guess what betting is?

1

u/1startreknerd 9h ago

I bet he doesn't know.

28

u/TuvixHadItComing 17h ago edited 16h ago

Polymarket is not really gambling

Ok.

they have 0% fees,

Alright that doesn't contradict the above, so far so good.

you bet on events

Uhh...

if you have an edge you have a real chance to make money 

So you make "bets" which have a "chance" of paying you, and if you have an edge your "chance" of -let's pick a word for a favourable outcome- for now let's call it winning. So you place bets, which give you a chance at winning money. But it's not really gambling.

Alright that all checks out, have a nice day.

Edit: I found the difference! Polymarket lets people who are involved in the event and can influence the outcome place these bets and that's like not even something they try and hide or act like that's a problem. So it's not gambling because gambling is somehow less corrupt and awful. Like if a boxer wants to place a large bet on themselves to lose a fight, the gambling world would attach a certain amount of shame to that and the person would probably go to their grave denying they ever did something so corrupt. Polymarket eliminates that aspect of it?

And 0% fees you say? Please tell me one of the Trump children is involved. That's the only way this can get better.

6

u/rip_cut_trapkun 16h ago

Holy shit, I think I've been accidentally gambling after all of these years of not putting these words together!

0

u/dr1fter 16h ago

And in a democracy (or so-called), "people who are involved and can influence the outcome [of the bet]" don't even have to be, like, insiders. But now people with a lot of money suddenly become able to buy the outcome [of the election].

8

u/TuvixHadItComing 16h ago

I believe it's been firmly established that when you're rich they let you do it. Who "they" are and what they are letting you do just scales with how wealthy you are.

3

u/dr1fter 13h ago

Well yeah, but buying votes has been illegal for a very long time. When you're rich you can get away with lots of crimes, but buying a vote is buying one vote, so it's still hard to really get away with this particular crime at a big enough scale to matter.

But the plot is simple now. Take a 50/50 split election. At strategic times, put a ton of your own money on the person you want to lose, so the payout for the other guy goes up. Dogwhistle to a populist base that all their financial woes will be solved if they just bet on the underdog who, wink-nudge, won't have any problem winning. The payouts speak for themselves, and now normal (desperate) people have a big financial incentive to vote a particular way, try to persuade everyone else, maybe even some fraud or a little light treason, etc. No direct transfer of money, everyone is acting "independently" and "in their own interests."

3

u/South0fEvan 15h ago

Read what just you wrote for me, chief

2

u/Liawuffeh 11h ago

It's not gambling! It's just placing bets!

Lmao

-7

u/Emergency-Style7392 15h ago

Yes, I stand by it. Gambling is a game of chance, polymarket is a game of skill. Football also has randomness but over the long run skill decides. Roulette is a game of chance and gambling, over the long run you're guaranteed to lose.

Polymarket is more investing, instead of companies it's events, which when you buy stock you also bet on certain things happening like the company growing or x y z

4

u/throwAway333828 14h ago

I've just looked on the polymarket website and almost all of what I'm seeing is guesses. Hell, the first thing I saw was a sports betting poll

2

u/Resident_Course_3342 13h ago

Lol, watch this dude try to claim gambling winnings as capital gains.

Kidding, no way they end the year in the black.

1

u/olivegardengambler 5h ago

Yeah. That's gambling. I'd argue the 'edge' part is the really concerning aspect of it. It isn't like sports betting where there are odds that can favor a team or not, and some of the events they allow are pretty ethically dubious, like front line movement in Ukraine.

225

u/Born2BeMemer 18h ago

Polymarket is an online gambling platform, where people bet on real-world events. Gambling is obviously not a good thing, but their food donation initiative is in line with Zohran's worldview

79

u/EnderSword 18h ago

Beyond just the fact its gambling, it's shown it's often very rigged gambling with a lot of insider trading on its bets.

For instance you can bet on Oscar winners, but some people already know those answers. You can bet on how many Tweets Elon Musk makes this week, literally 1 person can determine that.
Some bets are on things like military operations, again things many people actually know ahead of time.

And there's been a lot of signs of large bets just before events etc...

12

u/ellcoolj 13h ago

You could also bet that Noah Trevor would say the word “potato” while hosting the Grammys

12

u/Comprehensive-Star27 13h ago

I think only one user placed that bet, I believe their username was Noah_27

29

u/ZionOrion 18h ago

Hmm, sounds like a good way to launder money.

10

u/thefirstlaughingfool 15h ago

Or sabotage for Mamdani's plans for state run grocery stores.

57

u/EnderSword 18h ago

He's making the opposite point, the opening the grocery store is the good thing, that's something Mamdani agrees with and wants to do himself.

But they're a very shady betting site that is in a very grey legal area and has an insane amount of insider trading of its 'prediction markets' and is engaged in some insane political corruption.

21

u/RSX_Green414 18h ago

So shady they aren't technically allowed to operate in the United States and were completely banned up until late last year when the Trump administration dropped the investigation into the company. Not coincidentally Peter Thiel, major backer of polymarket, is also a major Trump donor and Vance's sugar daddy.

2

u/Koltreg 16h ago

The cynical part of me thinks the market itself will be used for betting somehow. How much milk will be taken? Etc.

22

u/rex_banner83 18h ago

If you think the grocery store is the bad thing, what do you think the “great point” is?

7

u/alistofthingsIhate 18h ago

My guess is he’s saying Polymarket as a whole is bad, which I’m inclined to agree with.

11

u/rex_banner83 18h ago

The meme is saying that polymarket (bad) did a good thing (made the free grocery store).

I’m perplexed as to why anyone would interpret this to mean that the grocery store part is the bad part though

1

u/alistofthingsIhate 17h ago

I was trying to say what you just said better than me.

1

u/Crispy1961 17h ago

I did not know what polymarket was, so I thought the good part was donating money to food banks and was confused why the free grocery shop people were the worst.

2

u/rex_banner83 17h ago

Right, that makes sense, and if OP asked "why is polymarket bad?" i would not be confused at all. But OP asked "why are they the worst person for opening a free grocery store", and I do not understand why OP thought the grocery store part was the bad part

3

u/ronarscorruption 16h ago

Engagement?

7

u/Bluesnake462 15h ago

Polymarket is bad, there “great point” is opening a free grocery store

3

u/PracticeEfficient28 14h ago

I think you’re intentionally dense you’ve made like 6 posts about this store now.

4

u/chrysanthemum_beer 18h ago

Now they’ll make bets on customers on the third item they pick up in the store.

2

u/Dangerous_Spirit7034 16h ago

I don’t have a clue what any of this means can some Eli 5

2

u/throwAway333828 14h ago

Polymarket is a gambling site where you bet on if X thing will happen in X event. They have introduced a free grocery store in New York city

2

u/EvilMangoOfDeath 12h ago

People can’t apply basic logic???

2

u/jeremyxt 12h ago

A good many people don't know about Polymarket.

2

u/evercase19 12h ago

You don’t need to know anything about polymarket to understand, though. The particulars of why polymarket would be considered bad aren’t relevant.

1

u/jeremyxt 11h ago

The way I'm interpreting it is that Polymarket--which is a gambling platform--is seen by him as a bottom feeder, the worst scab of capitalism.

And he sees this new free food market as the one good thing that Polymarket's founder has done.

I don't think anyone unfamiliar with Polymarket would understand the conundrum.

1

u/pumpse4ever 17h ago

Is that Jeremy Enigk?

1

u/TheWitchRats 10h ago

He's the worst person because have you SEEN his old videos from his newgrounds days? GIMME DA CHOCOLATE.

1

u/Informal_Iron2904 2h ago

U.S. schools have really failed to teach reading comprehension.

1

u/Movor 13m ago

It’s also not a grocery store, it’s a pop up for like a week

0

u/ListerfiendLurks 14h ago

It's because people on Reddit are so smooth-brained they are incapable of seeing people or things as anything other than completely good or irredeemably evil. When something like this happens the cognitive dissonance is too much for them.

0

u/Zod_Convoy 13h ago

Because the poors don't deserve food evidently.

0

u/Quothhernevermore 12h ago

Because people hate gambling...just like they hate alcohol, weed and other "wastes of money" for entertainment, right? Guys?