“The platforms’ founders say they’re providing a social utility, moving the entire digital public square from social-media sites where AI slop and rage bait reign, to prediction markets, where you are incentivized to invest based on what you genuinely know or believe…
Was the quality of the discourse improved by our ability to gamble on drug-boat bombings in the Caribbean? ”
McKay Coppins for @TheAtlantic
Fans of #predictionmarkets say that they are a force for truth. It looks like the opposite is true.
But I mean, who really bought that claim?
Wall Street Bets on Prediction Markets as Regulators Play Catch-Up
#PredictionMarkets #WallStreet #FinTech #CFTC #AusNews #AIGenerated
Wall Street Is Already Betting on Prediction Markets
https://fed.brid.gy/r/https://www.wired.com/story/prediction-markets-find-a-welcome-on-wall-street/
From politics to Oscars: prediction markets make the mainstream leap
#Oscars #PredictionMarkets #Gambling #Entertainment #AusNews #AIGenerated
Or: what do Polymarket and life insurance have in common?
The Moral Limits of Gambling - by George Dillard
https://worldhistory.substack.com/p/the-moral-limits-of-gambling
#gambling #predictionmarkets #predictionmarket #history #lloyds #insurance #polymarket #kalshi