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by salawat 1412 days ago
Seems to me they've got things branded incorrectly. Don't make a prediction market. Make a PasteIt.

Think about it, you're trying to get people to process and offer up unknown information, right? Focus on that.

It's bounties for verifiable information. Not predicting, or a game of chance. You pay for information to be brought up that you would never have thought to look for.

If you do it that way, you're completely sidestepping the issue of providing a gambling primitive. You're just incentivizing data collection and dumping. The outcome becomes secondary, the context generated maintains primacy, and I wager what markets are really interested in is looking at highly accurate predictors and trying to infer what channels of information they're privy to in order to expand data observation pipelines.

Unless these "prediction markets" really are just some high brow word for gambling parlors. Then again, I always figured that was all futures and derivatives trading were, yet there is a staunch refusal to classify them as such.

1 comments

In an anonymous pastebin, there is no incentive for you to provide info that is accurate and complete. Prediction markets give you an incentive to find the right answer.
Doesn't have to be anonymous... Did I unintentionally stumble on a name that implied that?
Non-anonymous makes you even less likely to get true insider info.