I prefer prediction markets to gambling because the platform isn't the bookmaker. This reduces the adverse selection of players. For instance, if you actually win regularly on these platforms they'll actually ban you, much like a casino. My understanding of prediction markets is that it's pure market making which is preferable

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barchar 3 hours ago | parent | next [-]

In theory this should limit the damage insiders can do, since as the probability of encountering an insider rises the market makers will need to widen the spread.

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kibwen 5 hours ago | parent | prev | next [-]

> I prefer prediction markets to gambling because the platform isn't the bookmaker.

Just because you prefer poker to slots, that doesn't suddenly mean that poker isn't gambling.

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bko 5 minutes ago | parent | next [-]

Where did I say it wasn't gambling. I said prediction markets are preferable to sports books like DraftKings. I don't like either personally but its an important distinction

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FajitaNachos 4 hours ago | parent | prev [-]

poker and slots are two very different variants of gambling. Sure, there is plenty of chance/variance in poker but there is an undeniable skill component that is lacking in slots.

	▲	AlexandrB 3 hours ago \| parent [-]
		The one that really infuriates me is blackjack where - if you apply skill by counting cards - you get kicked out of the casino.

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cortesoft an hour ago | parent | prev [-]

Except there is still adverse selection, just like there is in the stock market. People who have inside information are going to bet more, and you will take the other side of that bet not realizing that has happened.