prediction markets are kind of like data vampire attacks

the market on fed rates for example serves as an altdata source to https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html (ty @fiodar.eth for sharing)

esp if a bunch of people who use this tool or pay for better tools place bets using that data

tranquillo // writer & chief of good vibes @blockstories

prediction markets are kind of like data vampire attacks

the market on fed rates for example serves as an altdata source to https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html (ty @fiodar.eth for sharing)

esp if a bunch of people who use this tool or pay for better tools place bets using that data

https://polymarket.com/event/fed-interest-rates-september-2024/fed-decreases-interest-rates-by-25-bps-after-september-2024-meeting

@operator & /operator | building future.news | BCI, bioinformatics, search, chaos, decentralized AI

Prediction markets can be data vampires, using information to make bets on future events