[AIorNot]

For Pete’s sake lets outlaw prediction markets already instead of hyping them in crappy greed-posts like this one

I am embarrassed this “rationalist, I’m so much smarter than you, so I know better” asshole Scott Alexander hasn't been skewered yet for promotion of gambling (prediction markets) that people like Trumps son are making millions of on

https://www.theguardian.com/us-news/ng-interactive/2026/may/...

[guelo]

We elected con man so we're becoming a swindler nation. In a just world the Andreesen David Sacks types would be in jail stripped of all their money.

[jdmoreira]

Just out of curiosity, what is your legitimate criticism of Adreessen and Sacks?

[jazzyjackson]

Andreesen is full speed ahead on 1984-minority-report surveillance besides all the unethical crypto investments geared toward swindling normies. Anything that looks like it would turn a profit was fair investment for a16z-crypto, no matter the pump and dumping that was going on. His latest interview on the Joe Rogan show was all about how harmful the anti-flock-camera people are, trying to prevent police from solving crimes ! Imagine !

[simianwords]

What a strange and scoldy thing to say. I find speaking in terms of concretere predictions the best way to discuss things. It bypasses hyper moralists and scoldy type of people (your post reminds me of such) and directly jumps to truth.

[breuleux]

I don't think there's good evidence that it directly jumps to truth. The aim of betting on a prediction market is to earn money. This incentivizes you to bet on whatever you believe is the most profitable, which is disproportionately going to be whatever you have insider information about, whatever you can influence the outcome of, and whatever you can most effectively fool other people into taking the wrong side of.