4 ms·
I was just coming to say the prediction markets are probably way, way worse for society; sports or otherwise. For one thing, they'll be around a trillion dollar
by imglorp 15d ago
I was just coming to say the prediction markets are probably way, way worse for society; sports or otherwise. For one thing, they'll be around a trillion dollar market in a few years[1]. How is that in any way a good thing? For another, every bettor on a prediction market is incentivized to use insider information at best, or even to influence the outcome at worst. This is a low point of civilization.
1. https://www.cnbc.com/2026/04/14/prediction-markets-will-grow-to-1-trillion-by-2030-bernstein-says.html https://www.cnbc.com/2026/04/14/prediction-markets-will-grow...