skininthegame

I can’t quite put my finger on why yet, but I have a very bad feeling about prediction markets.

seeker /native /believein /bedrock 🇵🇸

I’ll have to do some soul-searching but it probably boils down to “gambling bad”

i'm not sure, all markets are essentially prediction markets

like, farcaster og token is a prediction market on future success of farcaster

the one argument i could see though is it just feels very spiritually unsound that people are betting on certain real-world events

stock market is a prediction market with tangible value (i actually own shares)

even @jacob’s essay where he talks about minting nfts as prediction markets feels better to me because there are other possible intentions like supporting artists 

prediction markets like polymarket are pure gambling