4 ms·

Maybe I'm just not getting it, but this just seems like gambling by any other name.

• rocqua 4y ago
  It's gambling for information discovery. Rather than gambling for fun. You see some of this in sports betting, but it is distorted by fans, and sport-outcomes are not really important.
  • esperent 4y ago
    How do they avoid attracting people who would see it as gambling for fun? A lot of people are attracted to gambling - possibly everyone, to some degree, and for a wide enough description of "gambling" - even when there's no money involved. Put even a small monetary reward in and you'll get loads of people taking part just for fun, in most cases. So how do prediction markets avoid this?
    • Tenoke 4y ago
      Why would they want to avoid them? They just add liquidity to the market, incentivising better forecasters and improving the overall accuracy and robustness. More useful for them to gamble on that than something else.
      • fulafel 4y ago
        Having a lot of them distributed unevenly might incentivise competent participants to focus on these easy pickings.
    • rocqua 4y ago
      In some sense they are 'suckers' that give an incentive for the good predictors to play. It's much nicer to participate if most of the other bets are poorly made. Whether this is worsgamblers than othe