Josh Brown
π€ SpeakerAppearances Over Time
Podcast Appearances
From a market perspective, what's one trend right now that you think Gen Z or millennials are underestimating how much of an impact it will have on their future, their financial future?
Like what's something that you think doesn't get enough attention that's going on right now?
Okay, so you think there will be more adoption of regular people using prediction markets to make money?
I think it's part of the nihilism.
Yeah, yeah, yeah.
Do you think they'll actually influence real world things?
Okay.
And we're not really ready for that yet.
We haven't thought that through.
They just kind of came inside of a year and we just all kind of accepted it.
Okay.
How would you answer that?
What's yours?
So I think that the last stat I saw was something like 88% or 90% of all of the volume, dollar volume, not number of trades, but dollar volume on prediction markets is related to sports.
If it stays that way, no problem.
If it deviates into β But that's what they're trying to.
We are manipulating the algorithm to make it look like candidate A is going to win, which then causes voters who would otherwise vote against candidate A from even bothering going to the polls.
Then we're talking about gambling and manipulating markets having real-world manifestation that is probably an unintended consequence.
Okay.
So I wouldn't say anything to do with AI is underrated.