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CJ
@cjh
I recently was able to spend some time with my family, due to the wedding of my uncle (I left the UK ~4 years ago, when I went full time on building cryptonetworks) I talked to many friends & family about prediction markets like Limitless. In the UK, betting against the bookmaker is a cultural norm. In fact, many run crazy accumulators with boosted odds, and one of my friends trades simulated fifa games with 8 min durations. Is he so dissimilar to those who trade election night? It’s just a higher dopamine experience bc of the sheer velocity of simulated Esports markets I explained prediction markets as a means to trade the probabilities of particular events directly, instead of trading stocks & commodities based on event forecasts. You could even use them to take out an insurance against a potentially tragic event. The feedback was mostly positive!
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Orest
@forest94
In the UK and other developed countries, gambling is perceived as entertainment and a good time. However, this product really needs to be developed so that both the customer get good results if it is about entertainment and not about making money. It should also be simple and clear enough so that customers do not think they are being deceived, but that the game is fair and they understand the risks they are taking.
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CJ
@cjh
that's why I believe prediction markets (playing against the broader market, not a single house) are a much better alternative
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