“If you know where reality is heading, you can win a lot of money from people who don’t.”
The London Review of Books surveys the gambling landscape: how “prediction markets” have been handed the CFTC, market manipulation, and the blurring of reality. To state the obvious: “Prediction markets don’t produce truth. They are high-stakes wait-and-see machines, that’s all.” Do stay to read the very end. [Link: Geoff Mann · What’s the truth? Prediction Markets | https://www.lrb.co.uk/the-paper/v48/n19/geoff-mann/what-s-the-truth | London Review of Books]
The London Review of Books surveys the gambling landscape : how “prediction markets” have been handed the CFTC , market manipulation , and the blurring of reality . To state the obvious: “Prediction markets don’t produce truth. They are high-stakes wait-and-see machines, that’s all.” Do stay to read the very end.
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