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Nick Tomaino🎩
@nick
Good question Abdul. The channel is for people who believe talk is cheap and skin in the game leads to more truth and progress. The goal is to evangelize prediction market adoption and crypto adoption broadly.
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Abhi Raheja
@abhir
Skin in the game is all about bringing prediction markets to the forefront of information-gathering for both users and enterprises. Think about it: humanity's biggest advantage has been the ability to coordinate in large numbers, however that has been eroding with Twitter, MSM etc. Prediction markets with their.. contd
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Abhi Raheja
@abhir
financial incentives help in seeking truth in real-time. It's a way of making sense of public opinion on any given topic. Also, for corporations, prediction markets can be a powerful tool to make better decisions. Think about this: we have only had large corps for a few hundred years, we have not mastered the...contd
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Abhi Raheja
@abhir
art of making decisions for large companies with hundreds of moving targets and information sources.
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Abhi Raheja
@abhir
It's shocking that prediction markets have not taken off even though there's been a number of both controlled and randomized experiments to check the efficacy of prediction markets. Prediction markets undoubtedly are more or almost as accurate as the next best polling/surveying tool. My thoughts? Contd..
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Abhi Raheja
@abhir
It's because we haven't done a good job educating users about it. I think the temptation to position prediction markets as betting/gambling forums is too high. But i do respect polymarket, kalshi and manifold for trying to do so in the best way they can.
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