Prediction Markets: Betting Rebranded as Forecasting
Why “not betting” is the line to question Prediction markets are usually sold with clean words: forecasting, price discovery, event contracts, crowd wisdom. That language sounds smarter than gambling, which is exactly why it needs scrutiny. At the consumer level, the basic action is simple. You risk money on whether a future event happens. If the event goes your way, you may receive a payout. … Continue reading Prediction Markets: Betting Rebranded as Forecasting