4 thoughts on “The hype is over. The party is over. – Part IV”
Good point. As prediction markets fade in liquidity, they fade in cultural relevance, as well as the ability to inform policy. I’m still interested in that; unfortunately, my Congress is not.
Good point. As prediction markets fade in liquidity, they fade in cultural relevance, as well as the ability to inform policy. I’m still interested in that; unfortunately, my Congress is not.
Good point.
Cass Sunstein (a friend of the prediction markets) has a job in the White House, though, overseeing all the legislative process.
Dr Sunstein, who oversees policy, has also written on market failure. I don’t see him sticking his neck out for new markets in this climate.
Also since everyone is picking on CNBC this week, it should be noted that they have been a friend to prediction markets.
“I don’t see him sticking his neck out for new markets in this climate.”
He can have an influence in a subtitle way —drawing general guidelines.