An enlightened point.  You're right, the gambling addicts add liquidity for intelligent traders, but it's only a public good (good for us non traders) if the intelligent traders can bet privately on important questions.

futarchyfan

the current crop of prediction markets is focused more on extracting money from gambling addicts than on either of these two benefits.

 the extraction of sucker money is sooort of HOW markets improve things

tech

Prediction Markets Suck

> the current crop of prediction markets is focused more on extracting money from gambling addicts than on either of these two benefits.

_Por que no los dos?_ the extraction of sucker money is sooort of HOW markets improve things