Agree 100% that prediction markets are the wild-wild-west with no insider trading protections, pump and dump, and no oversight. It’s perverting the wisdom of the crowd and efficient market thesis.
typical HN comment when it comes to finance and the stock market. Over and over again the wisdom of the HN crowd is wrong in regards to stocks. Intel at its bottom (they are done, and doomed, listening to main stream media) perfect time to buy and load up. This has occurred over and over again in my 15 years being on HN, almost always they call a bottom.
I mean, looking at futures and stocks now, I dont believe in those anymore anyway.