> It's not discussed often, but the liquidity of these markets is often awful, and you can only win as much as people are willing to take the other side. Which is harder when people know it's easy for insiders (or the outcome decider themselves) to play the other side.

You're basically arguing that there aren't enough fools to go around, when we're talking about gambling enterprises.

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PowerElectronix an hour ago | parent | next [-]

Not fools, these bets are usually very close to a fair market price. But people are not willing to wager millions of dollars on the temperature registered in a certain place at a certain time. Or on if hezbollah missiles impact Israel land or whatever.

	▲	ambicapter 7 minutes ago \| parent \| next [-]
		What fair market price are you talking about? The price decided by the prediction market?
	▲	bobthepanda an hour ago \| parent \| prev [-]
		The latter kind of prediction has become less desirable to bet on ever since the shenanigans around whether or not Maduro's kidnapping counted as an invasion of Venezuela.

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cyanydeez an hour ago | parent | prev [-]

So, what you're discussing is basically, whales are going to be the bettors and it sucks that there'll always be a bunch of marks but: No ones going to stop the whales because there'll always be suckers.

Welcome to the grift economy, take a number.