21–30 of 109 posts
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Some prediction markets can be gambling, some not. Gambling is a broader category that does not include all of the prediction markets.
Can you provide examples of prediction markets that aren’t gambling?
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Honest question which I think is at the heart of the question: What’s the difference between these and NYSE / Robinhood?
You actually own something when you buy stock.
Neither conservative nor Mormon, but online gambling is an addictive scourge that ruins lives, and I'd love to see it banned broadly. And go ahead and ban paid loot boxes as well. I don't love casinos or lotteries, but at least there's the friction of having to travel to a physical location to feed your addiction. And then there's the whole "insider trading" and "gambling on war" angles that come into play with predi…
As much as I hate what gambling does on the society, I'm still not sure if banning this activity counts as freedom. I believe that grown consenting adults do have a free will and should have the ability to destroy their lives if they so choose. OTOH allowing those kind of activities WILL end up with people opting in for the greater evil and thus some kind of limits should be enforced by governments. I have no idea wh…
These markets are a straightforward way to cut through all the noise of the current media conglomerates. Rather than getting bombarded by inflated headlines a glance at polymarket or kalshi is often enough to know whether something is actually happening or it's just the media corporations trying to get your attention.
Of course there should be limits with regards to what kind of markets are allowed on these platforms. But in a lot of areas there's genuine price discovery happening that's not available anywhere else.
Neither conservative nor Mormon, but online gambling is an addictive scourge that ruins lives, and I'd love to see it banned broadly. And go ahead and ban paid loot boxes as well. I don't love casinos or lotteries, but at least there's the friction of having to travel to a physical location to feed your addiction. And then there's the whole "insider trading" and "gambling on war" angles that come into play with predi…
I'm surprised prediction markets don't get more support here on HN. There's a lot of benefit in having a probability estimate for various kinds of events. One example of many: https://polymarket.com/event/may-2026-temperature-increase-c These markets are a straightforward way to cut through all the noise of the current media conglomerates. Rather than getting bombarded by inflated headlines a glance at polymarket or…
As I get older I'm starting to realize, the Christians were right about everything.
I'm surprised prediction markets don't get more support here on HN. There's a lot of benefit in having a probability estimate for various kinds of events. One example of many: https://polymarket.com/event/may-2026-temperature-increase-c These markets are a straightforward way to cut through all the noise of the current media conglomerates. Rather than getting bombarded by inflated headlines a glance at polymarket or…
A market that only works as long as participants in the market also pretend that they aren't in a market is nonfunctional.
Let all reasoning be silent when experience gainsays its conclusion. The beautiful libertarian theories have failed.