Good point. It enables insider trading for events which maybe do not have an immediate effect on the market. Like when a servant of the pope prepares his clothing and then bets on what he is wearing that day.
The line between investing, speculation and gambling has become very blurry and not just in crypto. A lot of people are chasing stimulation rather than allocating capital with any real edge or patience. Prediction markets, meme stocks, leverage, zero-DTE options - it is the same impulse wearing different clothes. The issue is less about the instrument and more about the mindset people bring to it.
I don’t think there’s a definition difference between making a sports bet and trading in a prediction market. The latter lets you bet on the outcome of any world event and like sports betting, the payout is determined by the sentiment of other betters.
Maybe the “market” part is you can actually sell your position before the outcome is determined. Eg. You bet that there will be 500 deadly plane crashes before the end of year (yes it can be that grisly). As Dec 31 gets closer and the number seems less reachable, the odds of winning are going to change… if they’ve changed in your favor since when you placed the bet, you can sell early and profit instead of risking it all on actually happening.
Being able to sell your position at any time makes a pretty big difference.
It's still gambling but your money isn't locked up by some casino. You can predict some event in the future and if it's looking extremely likely you can cash out your "win" for like 98 cents on the dollar.
Or if you're losing confidence but your position is actually up you can still profit even if your prediction ended up being wrong.
Untrue. You don’t have to sell your stock until it comes back up. In the future’s market, you can lose all your money just like that. Don’t believe the hype.
What’s funny is in Washington state I have to go to the Indian casino to place a bet. Meanwhile I can go on margin in the stock market and then buy ETFs that are four times the S&P. It’s a crazy world we live in. Thanks again Washington State for giving up my legal right to gamble the way I want to.
tldr; Ethereum co-founder Vitalik Buterin defends prediction markets, arguing they are no riskier than stock markets and provide valuable insights into current events. Critics worry these markets could create harmful incentives, such as influencing elections or geopolitical events. Buterin counters that similar risks exist in other systems, like social media and stock markets, and highlights the benefits of prediction markets in aggregating expert sentiment. The industry faces legal challenges over its classification as gambling or derivatives trading.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Check the videos of Coffeezilla on YT about this. These prediction markets are a total scam.
It's way riskier than the stock market.
[Prediction Markets] Gamble against insider traders with no legal recourse.
Good point. It enables insider trading for events which maybe do not have an immediate effect on the market. Like when a servant of the pope prepares his clothing and then bets on what he is wearing that day.
Yeah it’s closer to options than stocks, as they are basically roulette gambling, multiply your money or go to 0.
What does "prediction market" mean?
Came up with new term for gambling so they can get around regulations
Basically gambling.
The line between investing, speculation and gambling has become very blurry and not just in crypto. A lot of people are chasing stimulation rather than allocating capital with any real edge or patience. Prediction markets, meme stocks, leverage, zero-DTE options - it is the same impulse wearing different clothes. The issue is less about the instrument and more about the mindset people bring to it.
Not even gambling, just total scams as the worse rural town mafia owned casino
I don’t think there’s a definition difference between making a sports bet and trading in a prediction market. The latter lets you bet on the outcome of any world event and like sports betting, the payout is determined by the sentiment of other betters.
Maybe the “market” part is you can actually sell your position before the outcome is determined. Eg. You bet that there will be 500 deadly plane crashes before the end of year (yes it can be that grisly). As Dec 31 gets closer and the number seems less reachable, the odds of winning are going to change… if they’ve changed in your favor since when you placed the bet, you can sell early and profit instead of risking it all on actually happening.
Being able to sell your position at any time makes a pretty big difference.
It's still gambling but your money isn't locked up by some casino. You can predict some event in the future and if it's looking extremely likely you can cash out your "win" for like 98 cents on the dollar.
Or if you're losing confidence but your position is actually up you can still profit even if your prediction ended up being wrong.
Untrue. You don’t have to sell your stock until it comes back up. In the future’s market, you can lose all your money just like that. Don’t believe the hype.
What’s funny is in Washington state I have to go to the Indian casino to place a bet. Meanwhile I can go on margin in the stock market and then buy ETFs that are four times the S&P. It’s a crazy world we live in. Thanks again Washington State for giving up my legal right to gamble the way I want to.
And both are manipulated by those with money and influence
Prediction casinos are so hot right now.
everything is the casino tbf
Did I hear casino?
Prepare your BOTTOM to get totally fucked !!
2025 has been the year of preparation for that xD
but this is rigged one, only those who control the casino and have access to the insights win.
sadly that's exactly how it is
tldr; Ethereum co-founder Vitalik Buterin defends prediction markets, arguing they are no riskier than stock markets and provide valuable insights into current events. Critics worry these markets could create harmful incentives, such as influencing elections or geopolitical events. Buterin counters that similar risks exist in other systems, like social media and stock markets, and highlights the benefits of prediction markets in aggregating expert sentiment. The industry faces legal challenges over its classification as gambling or derivatives trading.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Seems like Vitalik is a degen gambler, GREED !!
Their completely different creatures.
So gambling comes with the same risk as investing?
Prediction markets are zero sum. This is beyond stupid.
Why is he pushing prediction markets so much? Does he make money of it or the foundation in some way?
Always thought these markets were today scams tbh absolutely not safer than stocks
Precision markets are just gambling.
My stock holdings are up anywhere from 5-85% this year with barely managing anything. It’s not even remotely similar to gambling