The tweet was deleted by the author.
But we saved everything 🙂.
Michael Gu raised concerns about AI-powered auto trading on Polymarket, noting that while many users are sharing their trading gains, the platform is fundamentally zero sum. This means that for every profitable trade, another participant incurs a loss.
Gu's observation brings attention to the competitive nature of prediction markets like Polymarket, where user profits are directly offset by others' losses.
Gu has previously acknowledged the risks and challenges of holding losses in early crypto investments, as detailed in his reflection on portfolio mistakes. In a separate incident, he noted that the launch of a Google AI model triggered a crash in memory chip stocks. These experiences highlight his ongoing focus on risk and market volatility.