alt Hacker NewsI wanted to reply, but I think I just don't understand your comment at all.
Are you saying the "sector of betting on shit that can clearly be insider-traded" is illegal? Does that include like gold and S&P500?
The way I see it, prediction markets' main function is to connect gamblers with insiders posessing useful information. Are you concerned for the gamblers losing? But they were gonna lose anyway, one way or the other. Or are you concerned about the insiders winning? Sucks, but at least the public gets information by way of the prediction market being more accurate.
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mint5 • today at 5:43 AM
Please Explain how a last minute insider info bet helps the public in any way or fashion aside from fleecing fools of their money?
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> Are you concerned for the gamblers losing?
I’m concerned about people with addictions being exploited by greedy degenerates who don’t care about the negative externalities with which they’re burdening our society, yes.