Are we going to see prediction markets enter mainstream journalism? Taylor Lorenz says yes (archive.md)

submitted 2 weeks ago* (last edited 2 weeks ago) by swlabr@awful.systems to c/techtakes@awful.systems

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“If all of this sounds like a libertarian fever dream, I hear you. But as these markets rise, legacy media will continue to slide into irrelevance.”

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[-] antifuchs@awful.systems 3 points 2 weeks ago* (last edited 2 weeks ago)

Oh lol, isn’t this what Hindenburg Research and others are doing, except on the real market? Shorting some company’s stock and then publishing news stories about how bad things are gonna happen to them is a very fun grift…

Guess what I’m saying is, wonder if an FTC with fangs wouldn’t treat prediction markets as an as-yet unregulated securities exchange…

this post was submitted on 13 Dec 2024

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