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So, we should call sports betting sports prediction markets? Should we call roulette a wheel prediction market? Like why does Kalshi need this information? O

• JoshTriplett 7mo ago
  Consider, hypothetically, that you need to choose between a couple of different possible strategies for solving a problem. (Or, choose how much to invest towards each strategy.) The vision of people who believe strongly in prediction markets is, for instance, that you could have a prediction market for "if we replace our CEO, will our revenue be higher in X years than the counterfactual where we kept our CEO?", and use that as input to the CEO's performance evaluation. Because people have to put their money where their mouth is, if you believe that a market is incorrectly priced, you can go make money on it. Whether this works in practice remains to be seen, but it's an interesting vision.
  • techblueberry 7mo ago
    Maybe Kalshi should charge fee for services rendered to the company who wants the prediction, rather than a fee for each contract then. Since you know, they’re providing a valuable service and not profiting on gambling