skininthegame

what does /SITG think of kyle's emphasis on regularity as the key to a viable  prediction market?

https://x.com/KyleSamani/status/1816712513817350425

TLDR: CAC costs are high so you need high LTV to justify them. that means you need deep markets in a category with lots of frequent betting options. sports betting is best and already well-served (draftkings, fanduel). others topics (even US elections) wont sustain a company long-term. wat do?

cc @nick @cjh @antejon @spenser @yekim.eth @ace

🦙 @alfaca | playing around onchain: @offmarket @perl | vc warm intros | fid #539 | resuming /cheesecoin once we hit pmf 🎯

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The main issue I have observed with crypto-based prediction markets is that most people who like to “bet” don’t have crypto or aren’t familiar with it and most people who have crypto don’t like to “bet” on prediction markets (people assume they do because they have appetite for crypto price risk, but most don’t)