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Matt Medved

๐Ÿ‘ค Speaker
271 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

Yeah.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

And I think, you know, in terms of the sauce, it's about finding your niche.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

You know, they always say, like, invest in what you know.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

I think that's never more true than prediction markets.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

I love that.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

I will say when it comes to stock trading, it's hard to find an edge.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

But with something like this, if you talk to the right people, like you said, interview people that are really knowledgeable on certain topics, I feel like it gives you a bit of an edge.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

Right.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

Exactly, man.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

And people are trading like some really niche things, everything from like the weather and like the peak temperature in different cities on different days.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

But there are people who are like amateur meteorologists who like go deep on that and figure it out.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

You know, there are charts, there are markets all around the Billboard charts.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

You know, I was at Billboard for many years.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

I have a very good understanding of how those work.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

Yeah.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

So that's another area where it's like, oh, like just by like things that I kind of take by default, it's like, oh, I do actually have an edge on these compared to the general public.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

Right.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

And what's really interesting about prediction markets, too, is that there's always a counterparty, right?

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

Like, unlike the sports betting where there's the sports book and, you know, you're against the house with casinos where it's all algorithmically designed to make you fail.

Digital Social Hour
Matt Medved: How Prediction Markets Are Monetizing Knowledge | DSH #1767

But in this case, it's like if there are other people who just don't believe in what you believe, but you know you're right.