The dark side of prediction markets is getting even darker
Summary
Prediction markets are online platforms where people can bet on the outcome of future events. These markets have grown quickly and now influence many areas of the digital economy, making it feel like widespread gambling.Key Facts
- Prediction markets let users bet on what might happen in the future.
- They have expanded rapidly in the last decade.
- Their growth turns many digital activities into forms of betting or gambling.
- This trend was not expected 10 years ago.
- Prediction markets affect different parts of the economy by spreading risk and information.
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