silence7@slrpnk.net to Technology@lemmy.worldEnglish · 12 hours agoMost Prediction Market Traders Are Losing Money While Bots Rack Up Gains | Data from millions of accounts shows that trading and profits are dominated by a tiny slice of highly active accounts.www.bloomberg.comexternal-linkmessage-square10fedilinkarrow-up1113
arrow-up1113external-linkMost Prediction Market Traders Are Losing Money While Bots Rack Up Gains | Data from millions of accounts shows that trading and profits are dominated by a tiny slice of highly active accounts.www.bloomberg.comsilence7@slrpnk.net to Technology@lemmy.worldEnglish · 12 hours agomessage-square10fedilink
minus-squareCapuccinoCoretto@lemmy.worldlinkfedilinkEnglisharrow-up1·1 hour agoI still can’t believe prediction markets exist. Every bet requires a counterparty and information assymetry means its not a market, its a killing field going up against rigged bets just like this. Billie, you’re a genius Enough to be a fool A fool to gamble everything And never know the rules Some of us can only live In songs of love and trouble Some of us can only live in bubbles The Magnetic Fields - My only friend
I still can’t believe prediction markets exist. Every bet requires a counterparty and information assymetry means its not a market, its a killing field going up against rigged bets just like this.
Billie, you’re a genius
Enough to be a fool
A fool to gamble everything
And never know the rules
Some of us can only live
In songs of love and trouble
Some of us can only live in bubbles