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grin
@grin
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
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spenser🪳
@spenser
100% agree with his take. Can't build a sustainable biz if you're reliant on once every four year market event cuz you can't properly predict what your market share may be each cycle + hard to keep up team morale during down years Prediction markets need more experimentation in new market topic categories
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