Remix.run Logo
chii 19 hours ago

> will continue to distort the market.

they can only do so as long as they have enough capital to lose. Because every time they try to move the betting markets against the truth, they will simply lose that money when the event happens (and turns out they were wrong).

So any distortion will merely be temporary. Unless they have access to unlimited capital of course - which is not true yet for anyone (but the US gov't).

lukev 5 hours ago | parent [-]

That only makes sense in a hermetically sealed system, which this is very much not.

krapht 2 hours ago | parent [-]

Yes, but is this a problem? Haven't most betting markets turned out to offer accurate predictions?