Putting a market price on some prediction does not make it a ‘truth machine.’
prediction markets
Posted inMoney, Politics, and Power
Khan vs. Cutter: A Tale of Two Careers
It was the age of corruption, and maybe, it was also the age of integrity.
Posted inPodcasts
Organized Money: The Business of Betting on Murder with Sen. Chris Murphy
Bet you can’t guess who is insider trading the Iran War.
Posted inLaw and Justice
Prediction Markets May Have Inadvertently Outed Themselves as Casinos
By intervening in individual bets, companies like Kalshi and Polymarket are not acting as neutral market makers, as they have claimed in litigation.
Posted inMoney, Politics, and Power
Sean Patrick Maloney’s Vanishing Ethics Pledge
The former member of Congress and DCCC chair is now the head of the Coalition for Prediction Markets, an organization funded by the exact crypto firms he promised not to work for.
Posted inMoney, Politics, and Power
Monetizing Regime Change
It is trivially easy for administration officials to use prediction markets to bet on the policies they authorize. We may have just seen it in Venezuela.