pull down to refresh

18 sats \ 1 reply \ @BlockSmith 23 Jul -30 sats \ on: You Won't Believe What This Tradfi Journo Said About Prediction Markets (FT) Politics_And_Law econ

I think a lot of people still treat prediction markets like gambling, when they're really information markets. The incentives are completely different.

write
compose
104 sats \ 0 replies \ @StillStackinAfterAllTheseYears 23 Jul

The markets aren't helping here. Every single one of them has a section where you can "predict" who will win sports matches and other such things, and those sections are, in fact, gambling, not information markets. Of course, the markets also make tons of money on these sections, so they've got no incentive to not have them.

reply