Krystal Ball
👤 SpeakerAppearances Over Time
Podcast Appearances
What is the utility of betting in our marketplace?
they would say it allows people to resolve bigger questions, put your money where your mouth is.
What possible utility is there in being able to bet on an election and its outcome?
Be serious.
Even in the most hyper-regulated market in the world, where there's no insider trading, what societal utilitarian benefit to the American consumer
is there?
I would say nothing.
All right.
Thank you.
Right.
But they would say they would say that we're not even allowed to have that.
Well, let's say we're not going to do that.
Let's say what is an example of a prediction market which is supposed to resolve better than opinions?
I would say politics is definitely another one.
Usually oil futures, sophisticated derivatives and all of that.
And they're like, well, it's just an option to be able to trade derivatives without trading derivatives.
Why?
Why is that good?
Can anyone tell me that?
This is what happened more recently.