Comment by heisenbit
1 day ago
The problem is that these markets allow to translate political power directly to money. Worse destructive events are rare, need a lot less action (butterfly effect) and leave thus less traces and command high odds. Once committed the ones in power have a vested interest in causing destruction.
Capitalism took care of the exchange between money and power long ago. Prediction markets, as terrible as they are, are peanuts in comparison.
yes, because the last century of communism showed that it was really just capitalism where centralized power corrupts..
kqr didn't make that claim