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The problem with scenarios like that is the prediction market isn't adding anything new. Media outlets could just as easily use a traditional sportsbook to make that hedge.
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Easier, simpler, less regulated, more convenient...?
With Predyx, even cooler bc bitcoin-denominated
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Yes, they're an improved model but it still isn't really a new use case. What might be new is the ability for these companies to make their own markets and structure their orders.
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Okay, okay, not the stupidest example!