I prefer seeing these as predictive markets than (only) degenerate gambling. They’ve been shown to be pretty accurate in predicting a lot of things. Can be useful crowdsourcing gut checks.
So you can predict that rich assholes will come out on top every single time and with that metric sure it can be a predictive market. But not accurate.
I prefer seeing these as predictive markets than (only) degenerate gambling. They’ve been shown to be pretty accurate in predicting a lot of things. Can be useful crowdsourcing gut checks.
I prefer seeing them regulated out of existence because it‘s just unchained sports bets in the worst way possible and poison to society.
This is why I only pay attention to manifold, it’s funny money only, salty bet style, actually just fun instead of a horrifying gambling addiction.
You can regulate them down, but they’ll always exist on the dark web.
They’ve also had whales manipulate the odds to win even if they actually loose.
https://coinmarketcap.com/academy/article/polymarket-reports-unprecedented-governance-attack-by-uma-whale-on-bet-resolution
So you can predict that rich assholes will come out on top every single time and with that metric sure it can be a predictive market. But not accurate.