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by outlore
55 days ago
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There’s a recent Patrick Boyle video which puts it aptly: prediction markets are a wealth transfer from retail investors to trading algorithms and people with security clearances. Anyway, one thing I don’t understand yet is how new markets are created. They aren’t user generated, so how did an “Iran strike” market exist to begin with? |
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Having the US presidents kids as multimillion dollar investors in the platforms and on the advisory board of one them would be a good place to look