4 ms·
Does anyone know if this means for general predication markets? The only reasons I've found blockchain at all interesting is for the creation of combinatorial
by wycs 8y ago
Does anyone know if this means for general predication markets?
The only reasons I've found blockchain at all interesting is for the creation of combinatorial prediction markets. If gambling laws are getting lax enough in some states to allow centralized prediction markets, my interest will wane to zero.
- whataretensors 8y agoEvery time I've looked deeply at blockchain I've seen something different.
- dalbasal 8y agoWell... sports betting does exist legally in all sorts of places inside and outside the US. $5bn in annual last vegas bets, for example. The global market is probably 50-100X larger. Is that a prediction market?
- basementcat 8y agoPrediction markets are already legal in the USA. https://iemweb.biz.uiowa.edu/ https://iemweb.biz.uiowa.edu/ https://www.predictit.org/ https://www.predictit.org/
- Sniffnoy 8y agoThat's not exactly accurate. The government has gone after and shut down prediction markets before. They made an agreement with PredictIt not to, but PredictIt's $850 limit was apparently a big factor in that. I hadn't heard of IEM before. Not sure what's up with that.
- sigstoat 8y agoIEM has received multiple no-action letters, and also has limits. So basically the same situation as PredictIt.