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Are we going to see prediction markets enter mainstream journalism? Taylor Lorenz says yes (archive.md)

submitted 1 week ago* (last edited 1 week ago) by swlabr@awful.systems to c/techtakes@awful.systems

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“If all of this sounds like a libertarian fever dream, I hear you. But as these markets rise, legacy media will continue to slide into irrelevance.”

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[–] antifuchs@awful.systems 3 points 1 week ago* (last edited 1 week ago)

Oh lol, isn’t this what Hindenburg Research and others are doing, except on the real market? Shorting some company’s stock and then publishing news stories about how bad things are gonna happen to them is a very fun grift…

Guess what I’m saying is, wonder if an FTC with fangs wouldn’t treat prediction markets as an as-yet unregulated securities exchange…