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Interesting comments here. I'd rather have prediction markets than casinos or sports betting services, because in the latter, you're playing again the house whi
by satvikpendem 5mo ago
Interesting comments here. I'd rather have prediction markets than casinos or sports betting services, because in the latter, you're playing again the house which can and will ban you for winning too much, while prediction markets are simply market makers taking a fee.
Prediction markets are also regulated by the CFTC as they're futures contracts technically.
- biophysboy 5mo agoThere is evidence that high-frequency, 50% accurate bot traders make most of the money on prediction markets simply due to being able to make bets faster.
- brailsafe 5mo agoSeems like you're still betting against the house, you just can't be banned for winning too much