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Prediction markets are ushering in a world in which news becomes about gambling

theatlantic.com

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Re: Prediction markets are ushering in a world in which news becomes about gambling

#266

The gamblification of the country will go down as one of the darker chapters of USA.

The gamblification of everything is just another stepping stone on the path to the financialization of everything. Many of our best and brightest dedicate their lives to “financial innovation”. It’s sad.

Re: Prediction markets are ushering in a world in which news becomes about gambling

#267

The gamblification of the country will go down as one of the darker chapters of USA.

The gamblification of everything is just another stepping stone on the path to the financialization of everything. Many of our best and brightest dedicate their lives to “financial innovation”. It’s sad.

Gamblification is very, very different from financialization.

Re: Prediction markets are ushering in a world in which news becomes about gambling

#268

The gamblification of the country will go down as one of the darker chapters of USA.

Gambling isn't the problem (it can be regulated and safety measures can be put in place). It's the corruption that goes alongside betting on outcomes that can be easily manipulated with no common-sense oversight keeping the market fair.

The Nobel Peace Prize bet was a classic example. Any right-minded bookmaker would have voided that bet given that it was proven that the outcome had leaked ahead of time. Venezuela betting markets were equally corrupted.

The fish rots from the head what with Trump blatantly manipulating markets to enrich himself, his family and anyone who curries favour with him and says he's wonderful.

I personally will not set foot in the US, or buy services from any US company, until this administration is over.

Re: Prediction markets are ushering in a world in which news becomes about gambling

#269
post #267

Earlier quoted context omitted.

The gamblification of everything is just another stepping stone on the path to the financialization of everything. Many of our best and brightest dedicate their lives to “financial innovation”. It’s sad.

Gamblification is very, very different from financialization.

It’s the financialization of outcomes.

Re: Prediction markets are ushering in a world in which news becomes about gambling

#270
post #267

Earlier quoted context omitted.

The gamblification of everything is just another stepping stone on the path to the financialization of everything. Many of our best and brightest dedicate their lives to “financial innovation”. It’s sad.

Gamblification is very, very different from financialization.

Some of it is, but Polymarket is a horse of a different color.
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