2 points | by 400thecat 9 hours ago ago
1 comments
The main problem with prediction markets as "truth machines" is, that they can only work efficiently if insider trading is allowed (even encouraged). If insider trading is illegal, than these are just casinos
The main problem with prediction markets as "truth machines" is, that they can only work efficiently if insider trading is allowed (even encouraged). If insider trading is illegal, than these are just casinos