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omilu • today at 5:46 PM • 2 replies • view on HN

Because you can easily collude and cheat at poker so it needs to be heavily regulated or outright illegal to prevent theft. You can't really cheat at prediction markets, unless you have insider information which they can litigate after the fact.


Replies

mcmcmc • today at 6:04 PM

Surely you’re being facetious, insider trading is obviously a huge problem that is rarely enforced and we’ve already seen instances of people actively influencing events or using false information to fake the result of a bet

JumpCrisscross • today at 5:56 PM

> You can't really cheat at prediction markets

Lots of folks gripe about how Kalshi adjudicates contracts.