alt Hacker News>Prediction markets have been called "truth machines" because anyone who has information missing from the market can profit.
That sounds like "insider trading" machines, or "scam" machines, rather than truth machines.
>Prediction markets have been called "truth machines" because anyone who has information missing from the market can profit.
That sounds like "insider trading" machines, or "scam" machines, rather than truth machines.
yes, they allow you to pay people who have information about the future for that information, in a distributed manner. this is great if, like many people, you want information about the future.