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And another thing... What is the harm of malfunctioning insider dominated prediction markets, other than those hedging possibilities evaporating? I am not tak
by worik 6mo ago
And another thing... What is the harm of malfunctioning insider dominated prediction markets, other than those hedging possibilities evaporating?
I am not taking a position, I am wondering.
When they started they were an academic curiosity and experiment. Now they are becoming a social phenomenon are they more harmful than, say, stamp collecting?
"Fools and their money" is OK so long as the fools are truly volunteering, surely?
- vkou 6mo agoThey create another financial incentive for insiders to make decisions focused solely on personal profit, rather than good stewardship of whatever they are in charge of. I don't give a shit about the addicts losing their money on those markets, I don't want bad decisions to be made that affect me, when the main incentive for making them is fleecing the addicts of their money. They are just bribery with extra steps.