We haven't seen the worst of what gambling and prediction markets will do

kept by eddie mar 27

Prediction markets are crypto-anarchist tools that financially incentivize harm, enable insider manipulation, and will grow worse as they tokenize real-world assets.

The World Cup Could Be the Biggest Sports Gambling Event Ever
Sluggish growth in online sports gambling has betting sites like FanDuel and DraftKings banking on the World Cup to drive record activity.
also on DraftKings, FanDuel
Scent, In Silico
AI and machine learning are used to digitize smell by mapping odor molecules to perceptual outcomes, enabling prediction and synthesis of scents.
also on DARPA
Are Prediction Markets Good for Anything?—Asterisk
Despite billions in volume, Polymarket and Kalshi prediction markets produce useful forecasts mainly on high-profile risks, while AI chatbots may soon replace them as the primary source of probabilistic information.
also on Robin Hanson, #gambling, #prediction-markets, Polymarket
Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets - WSJ
A WSJ analysis finds a small number of algorithmic traders capture most winnings on Polymarket and Kalshi, while typical users lose money.
also on #gambling, #prediction-markets, Polymarket, #regulation
Prediction markets are ushering in a world in which news becomes about gambling
Prediction markets like Polymarket incentivize manipulation and gambling on news events, risking public trust by merging information with financial speculation.
also on #gambling, #prediction-markets, Polymarket