Polymarket is not even close to the same thing. Sports betting allows a blessed few corporations to run rigged markets and intentionally prevent price discovery by keeping the smart money out.
Polymarket uses open orderbooks where you match against someone else who wants the other side of the trade just like the stock market. Prices are set by the market, as they should be.
Polymarket uses open orderbooks where you match against someone else who wants the other side of the trade just like the stock market. Prices are set by the market, as they should be.