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this post was submitted on 02 Mar 2026
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A Boring Dystopia
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How did the general public come to adopt the "prediction market" euphemism? It's crypto gambling, right? Everyone knows that's true, everyone understands that terminology. Aren't we doing the casino's work for them when we adopt their highfalutin' marketing-speak? Making crypto gambling sound like a game for rich, educated people, rather than a grubby online casino that caters to insider cheating and tax evasion?
Is it crypto gambling? I thought it was just regular gambling.
I think that's sort of the point?
That by watching the money, you get the most current and accurate picture of the odds of something happening?
It's almost irrelevant that there is insider trading. The more money involved, the more reflective of reality the odds are. Money's gonna money, legal or otherwise.