Comment by eru

How is that any worse than existing financial markets?

You can already short sell a company and then cause trouble for them, eg with an anonymous phone call of a bomb threat or whatever.

Typically, the authorities will catch you, because they check suspiciously lucky traders. They can do the same with prediction markets.

> A small example of this would be NFL / NBA Refs fixing playoff games with a bad call or two. This actually happened 20 years ago, an NBA ref went to prison over being bribed just $2000 per game.

The outcome of a sports game isn't exactly important in the grand scheme of things. And no one is forced to bet on sports to hedge their harvest against the weather or something like that. It's all entertainment.

> The much worse example is the fact that you can make 100-1 odds on whether the US airstrikes Iran today... or How many times Pam Bondi says the word "China" in a press conference.

So? Don't participate in these particular bets then?