Prediction markets aren't betting. They're information aggregation mechanisms that happen to use money as the forcing function for honesty. When you make people put capital behind their beliefs, bullshit evaporates.
What's left is signal.
Prediction markets aren't betting. They're information aggregation mechanisms that happen to use money as the forcing function for honesty. When you make people put capital behind their beliefs, bullshit evaporates.
What's left is signal.
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