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Nick Tomaino🎩
@nick
“Create your own market” could be a killer growth catalyst for prediction markets. A new business model is unlocked for creators when anyone can create a market on anything and generate a fee. Thoughts?
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tk
@tomkysar
I think it's *possible*, however I believe much more consideration needs to go into it than most people believe. Letting anyone on the internet create a financial derivative resolved to a subjective outcome can lead to precarious situations. Also markets then become very catered towards what oracle is resolving it.
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tk
@tomkysar
You probably give 'templates' for reoccurring/common market types "price of X asset", "score of Y event", etc - and traders just really need to know that completely custom markets come with a much higher degree of risk. You'd probably see a "bad" resolution in ~10-20% of them, on accident.
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tk
@tomkysar
Poyo deploying trick markets *really* killed Augurs vibe for at least 1.5 years. A lot more damaging than it appeared to be. Many traders and power users told me they never came back after that.
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tk
@tomkysar
As much as I am a permissionless maximalist, this one still cuts me a weird way, just because I don't actually know how to approach it from a sound POV where you're not risking harm upon traders. Probably biggest +EV hard problem for PMs to solve.
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Nick Tomaino🎩
@nick
420 $DEGEN
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