Today, we are launching prediction markets on @RobinhoodApp.
As a former mathematician and physicist, I am motivated by the search for objective truth. How can we make sense of all the information out there, and who can we trust?
Before we had the Internet, say in the 1970s,
This information value is significant enough that people check prediction markets for real-time updates on events; some (e.g. The Base Rate Times, Polymarket, Kalshi) are building out media coverage and newsletters based on this data.
The paper advocates for reduced regulatory barriers to prediction markets, proposing a safe harbor for small stakes markets to enhance decision-making and information gathering in both public and private sectors.
Sheet1 July 05, 2023 at 07:48AM,OUR OWN TRUTH. In the absence of trustworthy institutions, society has retreated into self-validating rubrics of meaning-making. We now attempt to posit anti-conspiratorial truth in a vacuum of credibility.,