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Xen Baynham-Herd
@xenbh.eth
Why I’m interested in prediction markets I spent 8 years as a derivatives trader. Derivatives can be used to take risk, but they are mainly used to manage risk. Investment banks use derivatives to hedge all kinds of risk. Yet, ordinary people don’t have access to these sorts of risk management tools.
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bigjaymes.eth 🎩
@bigjaymes
Really interesting take. I wonder though how many people would actually use this for risk management vs. pure gambling. Financial literacy might be the real gap that needs bridging.
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