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by rmb177 40 days ago
Define "net loss to the society." Society is just a group of individuals. If my counter-party was a democratic aide hedging that they wouldn't have a job come January, was it a real loss for them? The money I've earned on prediction markets has certainly allowed me to spend more money in the economy. What if a trump supporter watching the market saw what a longshot it was and decided not to go to the Capitol on January 6th?