alt Hacker NewsAside from the current horrible admnistracion. If I understand correctly, One of the strengths of prediction markets is to try to get the insiders to come in and provide insider information thus improving the total info available.
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dwaltrip • today at 1:48 PM
One of the weaknesses is incentivizing people to do horrible things, if that makes their bet a wining one.
It also incentivize people to follow the events and remember stuff so that they are better equipped to make predictions.
I think it incentivize people to use their head and may be even select better leaders.