Comment by epolanski

The number of people defending prediction markets here is mind boggling.

Any moderately intelligent people should realize why insider trading, banning athletes from betting, etc measures have been put in place. One should understand why without those (and even with) those there's perverse incentives to act in destructive ways.

Yet people here would be trying to discuss philosophy, semantics and tell you this is good because an insider betting on an attack on Venezuela 4 hours before it happened increases the accuracy of the prediction and the information being public, ignoring the elephant in the room of having the perverse incentives to influence destructive events. Just think about it: there might be people with incentives of attacking Greenland because they bet on it. This is madness.

This is the worst degeneracy of gambling and dangerous incentives combined, and it's all for nothing else but money. Just look at whose behind these projects: bs crypto adjacent fintechs and gambling companies.

I know we live in numb times where people have thrown in the towel of any hope for a better world, but ffs.