3 ms·

Prediction markets are nothing new. A popular one is PredictIt: https://en.wikipedia.org/wiki/PredictIt https://en.wikipedia.org/wiki/PredictIt

• grawprog 6y ago
  Yeah I know...I gave examples of some in my comment...I know what a prediction market is... But in the end...call it what you want...it's gambling..
  • tantalor 6y ago
    Sure it's gambling but more like poker than roulette. A skilled player can make tons of money by exploiting mispriced contracts.
    • grawprog 6y ago
      Nothing wrong with gambling per se...something seems wrong with facebook running what is essentially a global gambling system to me though... >skilled player can make tons of money by exploiting mispriced contracts Except, unlike in most poker hands, those have far reaching global consequences
      • hogFeast 6y ago
        This isn't gambling, there is no money involved. But it is definitely true that this is different from betting generally: if I bet on a game, my bet doesn't change the outcome. In any social context, the probability on these markets (if it did take off) would affect behaviour.
  • tshaddox 6y ago
    When is something investing rather than gambling?