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That was a Times of Israel reporter Emanuel Fabian [1] but your point stands. Prediction markets create incentives to predict the outcome of an event, which ca
by LeifCarrotson 7mo ago
That was a Times of Israel reporter Emanuel Fabian [1] but your point stands.
Prediction markets create incentives to predict the outcome of an event, which can be done in one of three ways: develop better models to predict the event, affect the event, or affect the reporting on the event.
[1] https://www.timesofisrael.com/gamblers-trying-to-win-a-bet-on-polymarket-are-vowing-to-kill-me-if-i-dont-rewrite-an-iran-missile-story/ https://www.timesofisrael.com/gamblers-trying-to-win-a-bet-o...
- MaysonL 7mo ago“The best way to predict the future is to invent it.”
- LeifCarrotson 7mo agoThat's only for futures that are easy to invent, for others it is way easier to just bribe or threaten a journalist (works on most journalists, YMMV) to say that you've invented it and then run off with the money before anyone can prove you wrong.