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“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.
Geoff Mann · What’s the truth? Prediction Markets
[London Review of Books]
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