alt Hacker NewsThe concept of a valuable service falls apart if players can influence the actual event. Without equal footing and basic honesty, you aren't measuring reality so much as you are subsidizing those with the power to manipulate it.
Replies
deadbabe • yesterday at 9:16 PM
There's a feel good story where a parent can't afford a very expensive medical procedure to save a child, so someone tells them to place a massive bet in a prediction market for a certain event that may happen, and then they make it happen, therefore siphoning off money from the other gamblers for a good cause. Just a small way everyday people use the system against itself as a way to survive.
➕ show 1 reply
Yup. That is the other big exception described in the article.