And some things always are malicious, like "prediction markets", which is just gambling reworded to sound like something else.
This was never, ever going to end well. There is no good use of "prediction markets".
This was never, ever going to end well. There is no good use of "prediction markets".
If you were playing in the World Cup in the lesser teams, very often betting+sabotage/plausible negligence would have been a more profitable enterprise for you than to actually do your best to win.
Stock markets have this problem too, but they are much more regulated, and even if manipulated by insiders, the blast radius is smaller and often auditable.
Prediction markets are meant to be the stock market but for events besides the value of a certain corporation. They were co-opted as a thin veneer of legitimacy over deregulated sports gambling. The concept itself theoretically has some value, however insignificant compared to the damage caused by the current policy.