These betting markets create a wild new perverse incentive to power. No need to get gifts from business interests. Just be in the room where it happens and extract piles of cash from betting markets.
These markets claimed to be useful tools for discovering truth. I'm not sure what being able to maybe predict a military strike a bit earlier provides to society, but I do know that creating a system for near-unlimited wealth extraction for those with power is a very bad thing.
These markets claimed to be useful tools for discovering truth. I'm not sure what being able to maybe predict a military strike a bit earlier provides to society, but I do know that creating a system for near-unlimited wealth extraction for those with power is a very bad thing.